Philo, a skinny bundle service for non-sports viewers, has reportedly raised $40 million from previous investors AMC Networks, Discovery, and Viacom — all of whom operate channels on the service.
At the same time, the nine-year-old company — which offers a total of 40 channels for $16 per month (competitors YouTube TV and Hulu Live TV, which offer a few more channels and pricier sports programming, are priced at $40 per month) — announced that it has launched on Amazon Fire TV and Apple TV, Deadline reports. Philo was previously available on Roku and via iOS and Android
apps.Philo will use funds raised from its Series C to invest in new product features and enhancements — including a “social media TV experience,” according to Deadline — as well as to expand its marketing efforts. Philo’s other existing investors include A+E Networks and Scripps Networks, who participated in a $25 million round last November. Per Crunchbase, Philo has raised roughly $107 million in venture funding to date.
Each week, we handpick a selection of stories to give you a snapshot of trends,…
The global explosion of the streaming community has minted star creators in territories as far-flung…
Last month, Meta announced a $17 billion settlement, bringing its legal battle against dozens of state…
Roblox is giving game developers more ways to make and distribute games--and faster access to…
A new brand touches the beacon. That's right: IKEA is officially in Skyrim. Or, well,…
Viral Nation is not about the vibes. In an era where seemingly every company is…