You will be redirected back to your article in seconds

Liberty Global Joins $90 Million Funding Round for Iflix

Asian subscription video firm, iflix has attracted $90 million of capital from companies including Liberty Global. The capital will be used to boost its international expansion.

The company said that it had closed the funding round. New investors include: Liberty Global; Zain, a mobile and data services operator in the Middle East and Africa with which iflix recently established a joint venture ‘iflix Arabia’ in the Middle East and North Africa; and, an unnamed privately held investment management firm. Iflix also received additional capital from existing shareholders Sky PLC, Catcha Group and EMC.

The company, which positions itself as “the leading SVoD service for emerging markets,” is now operational in nine territories: Malaysia, Thailand, the Philippines, Indonesia, Sri Lanka, Brunei, the Maldives, Pakistan and Vietnam.

Launched in May 2015, it discloses few metrics. “iflix has rapidly established a significant leadership position, setting a new standard for delivering a world class streaming entertainment service that is passionately focused on the local customer. The service has seen exceptional growth, with more than 27x daily active accounts growth, and continued momentum in user engagement with over 5 billion minutes streamed since launch,” it said. It also claims: “more than 170 content relationships across Hollywood, regional and local studios and distributors.”

“There are currently more than 2.5 billion people with smartphones in emerging markets who have a passion for cultural influences from around the globe and want access to the best entertainment content available easily and reliably. It is our aim to make iflix available to each and every one of them,” said iflix co-founder and group CEO, Mark Britt.

More Digital

  • Facebook Oculus Bullet Train

    Facebook Pulls VR First-Person Shooter Game From Demo at Conservative Political Conference

    Asian subscription video firm, iflix has attracted $90 million of capital from companies including Liberty Global. The capital will be used to boost its international expansion. The company said that it had closed the funding round. New investors include: Liberty Global; Zain, a mobile and data services operator in the Middle East and Africa with […]

  • soundcloud-logo

    Twitter's Annual Report Reveals That Its $70 Million SoundCloud Investment Was a Bust

    Asian subscription video firm, iflix has attracted $90 million of capital from companies including Liberty Global. The capital will be used to boost its international expansion. The company said that it had closed the funding round. New investors include: Liberty Global; Zain, a mobile and data services operator in the Middle East and Africa with […]

  • Independent Filmmaker Project

    Independent Filmmaker Project Will Expand Into Podcasts and Audio Storytelling

    Asian subscription video firm, iflix has attracted $90 million of capital from companies including Liberty Global. The capital will be used to boost its international expansion. The company said that it had closed the funding round. New investors include: Liberty Global; Zain, a mobile and data services operator in the Middle East and Africa with […]

  • Ghostbusters World

    Google Launches ARCore, Teases 'Ghostbusters' Augmented Reality Game

    Asian subscription video firm, iflix has attracted $90 million of capital from companies including Liberty Global. The capital will be used to boost its international expansion. The company said that it had closed the funding round. New investors include: Liberty Global; Zain, a mobile and data services operator in the Middle East and Africa with […]

  • AUGGIE (Jacob Tremblay) and JACK WILL

    Lionsgate's 'Wonder' Tops DVD, Blu-ray Disc Sales and Rental Charts

    Asian subscription video firm, iflix has attracted $90 million of capital from companies including Liberty Global. The capital will be used to boost its international expansion. The company said that it had closed the funding round. New investors include: Liberty Global; Zain, a mobile and data services operator in the Middle East and Africa with […]

More From Our Brands

Access exclusive content