Jeffrey Katzenberg’s NewTV closes a billion dollar round, says report

Jeffrey Katzenberg’s NewTV closes a billion dollar round, says report

6 years ago
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https://techcrunch.com/2018/07/26/jeffrey-katzenbergs-newtv-closes-a-billion-dollar-round-says-report/

Jeffrey Katzenberg’s new mobile video startup NewTV, which snagged Meg Whitman as CEO in January, has now closed on $1 billion in funding, according to a report out today in CNN. Investors in the round include Disney, 21st Century Fox, Warner Bros, Entertainment One and other media companies, with a combined $200 million investment, while institutional investors from the U.S. and China made up the rest.

The news follows a May report from Bloomberg, which said NewTV had then raised around $800 million. It had also said 21st Century Fox and Warner Bros. were investors.