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14 May 2018

Big Deal: NewTV to switch on with $800m

Entertainment producers like 21st Century Fox and Warner Bros have reportedly supplied $200m of an $800m round that will support high-budget, short-form video, as content continues to draw in big bucks.

Author: Robert Lavine, News Editor

US-based video production startup NewTV has raised about $800m in financing from investors including several media and entertainment groups, Bloomberg reported on Friday, illustrating once again the pull of video content in the tech sphere right now.