Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Hearst invests in emerging markets streaming video provider

NEW YORK (Reuters) - U.S. media company Hearst Communications Inc led a $133 million investment in iflix, the Malaysian provider of streaming video said on Monday.

Other new investors included Singapore-based EDBI and clients of DBS private bank, iflix said in a statement. Existing shareholders Evolution Media, Sky PLC, Catcha Group, Liberty Global, Jungle Ventures and PLDT Inc increased their investments, it added.

The investment brought the total funding raised by iflix this year to more than $220 million, iflix said.

(Reporting by Sam Forgione; Editing by Richard Chang)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.