Existing corporate backers AMC Networks, Discovery and Viacom have returned for a series C round that will fund marketing and product development.
US-based online television streaming platform Philo has received $40m in series C funding from media companies and partners AMC Networks, Discovery and Viacom, Deadline reported on Tuesday.
Philo runs a service that enables subscribers to access live television online from a range of partners including all the series C investors. Users can watch live television or shows on-demand, and the platform offers an unlimited recording facility.
The platform was already available on Roku’s streaming player and the iOS and Android…
