Iflix, Streamer In Emerging Markets, Raises $50M

Hearst Invests In Emerging Markets Streamer

Hearst Leads Funding Round For SVOD Iflix

Hearst is out in front of a recent $133 million funding round for SVOD service iflix that is fending off the likes of Netflix and Amazon Prime Video in emerging markets. Along with Hearst, Singapore-based EDBI and clients of DBS private bank are new investors in iflix, and are joined by existing investors Evolution Media, Sky PLC, Catcha Group, Liberty Global, Jungle Ventures and PLDT Inc.