Tubi TV Raises $20 Million for Ad-Supported Streaming Service - News Summed Up

Tubi TV Raises $20 Million for Ad-Supported Streaming Service


Tubi TV has more than 50,000 movies and television shows that viewers can stream for free by registering. The advertiser-supported streaming service, which launched in 2014, has raised $20 million in new funding from four venture-capital firms, led by Jump Capital. Unlike many subscription-based streaming platforms that focus on a few shiny titles, Tubi TV has licensed an extensive amount of content available across all major devices from the Xbox to the iPhone, said Mr. Massoudi. “What we’re offering is basically identical to the traditional TV commercial experience and reaching that demographic that’s watching less and less traditional TV,” said Mr. Massoudi. Tubi TV is going after cord-cutters among an ever-expanding sea of online streaming services, from Netflix and Amazon Prime to CBS All Access, YouTube TV and Hulu.


Source: Wall Street Journal May 09, 2017 04:04 UTC



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