NewTV broadcasts confirmation of $1bn in funding

Aug 8, 2018 • Robert Lavine

Alibaba, Liberty Global and 10 entertainment groups were among the investors in the short-form original video platform.

US-based short-form video production company NewTV has closed an initial $1bn in funding, raising the cash from a consortium including a range of corporate investors.

Media and entertainment groups 21st Century Fox, Walt Disney, Entertainment One, ITV, Lionsgate, Metro Goldwyn Mayer, NBCUniversal, Sony Pictures Entertainment, Viacom and Warner Media were all among the investors and, according to Deadline, possible content suppliers.

E-commerce firm Alibaba, mass media group Liberty Global and investment banking firms Goldman Sachs and JPMorgan Chase also participated…

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