Streaming media platform Plex has completed a growth equity round of $50 million (€41.7) from existing investor Intercap. The financing includes approximately $15 million in new capital for Plex, with the remainder of the funds used to purchase shares and options from employees and shareholders. The new capital will further Plex’s mission of being a […]
At SXSW, Eluvio unveiled Eluvio LIVE, streaming and ticketing platform, for concerts and all manner of premium exhibitions, distributed directly from artists to their global audiences. Built on the patented Eluvio Content Fabric, it is the world’s first 4K video streaming and ticketing service with all content secured and sold via blockchain contracts– with no […]
ViacomCBS has updated investors on its differentiated streaming strategy, which leverages the company’s product offerings across free, premium and pay segments with Pluto TV and SHOWTIME OTT to create a linked ecosystem with the launch of Paramount+ in the US and 18 LatAm countries on March 4th. Paramount+ will feature a combination of live sports, […]
Eluvio has announced a multi-year agreement with Metro Goldwyn Mayer (MGM) to extend use of the Eluvio Content Fabric to power MGM.com and MGM ROAR, their enhanced B2B platform which provides MGM licensing partners the ability to experience new content, screenings, and marketing materials for the studio’s vast library of films, TV shows, and digital […]
STARZPLAY, the MENA SVoD service, received its first independent debt financing in the region of $25 million (€20.7m) from Abu Dhabi based Ruya Partners. The funds, secured on the basis of STARZPLAY’s financial strength and performance, will be used towards further strengthening STARZPLAY’s geographic and customer reach, acquiring and producing original content, and maximising long-term […]
Bruce Tuchman, formerly President of Sundance Channel Global, AMC Global and MGM Networks, and New Zealand’s Rialto Channel Limited have launched Rialto International, a 50-50 joint venture to bring Rialto branded streaming, SVoD, AVoD and linear television services of premium indie content to countries and territories worldwide. The parties announced the new joint venture on […]
fuboTV is buying interactive gaming company Vigtory, and expects to launch a sportsbook before the end of the year. Terms of the deal were not disclosed but is expected to close in the first quarter of 2021. fuboTV intends to leverage Vigtory’s sportsbook platform and digital gaming assets, and its consumer-driven betting technology, to develop […]
MGM (Metro-Goldwyn-Mayer), the legendary Hollywood film studio home to the likes of the James Bond and Rocky franchises, is up for sale with a reported asking price of around $5.5 billion (€4.5bn). MGM Holdings has hired investment banks to find a buyer as the streaming boom sees platform owners bid fiercely for film and television […]
Amagi, a global SaaS leader in broadcast and streaming TV technology, has announced its partnership with Pac-12 Networks, the content arm of the Pac-12 Conference, as its innovative cloud platform for its recently-launched 24/7 Free Ad-Supported TV (FAST) channel, Pac-12 Insider. Pac-12, the ‘Conference of Champions,’ is a collegiate athletic conference that operates in the […]
Cloud platform specialist Amazon Web Services has struck a multi-year collaboration with Metro Goldwyn Mayer (MGM) to reimagine its core media supply chain and enterprise-wide media distribution platform. MGM owns one of the world’s largest libraries of premium film and television content and is focused on the production, acquisition, licensing, and global distribution of its […]