US-based video production company New TV has increased its first funding round to $1bn, $200m of which has come from a range of entertainment providers, CNN reported yesterday.
Walt Disney, 21st Century Fox, Warner Bros and Entertainment One are among the media and entertainment companies that have collectively provided the $200m, and the rest has come from what CNN called institutional investors, largely from the US and China.
New TV is pursuing a business model based on the production of…
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