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Ad-supported Tubi TV service raises USD 20 mln

Tuesday 9 May 2017 | 11:37 CET | News
Advertiser-supported streaming service Tubi TV has raised USD 20 million in new funding from four venture-capital firms, led by Jump Capital, reports the Wall Street Journal, citing company CEO Farhad Massoudi. The new round brings Tubi TV's total financing since launching in 2014 to USD 34 million and will be used for marketing and an in-house TV analytics platform. The service has a catalogue of over 50,000 TV and movie titles, and users are now in the "many millions," according to Massoudi.

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Categories: Broadcast & Satellite / Internet
Companies: Netflix
Countries: United States
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