TV-for-phone start-up raises $1bn, Hollywood backing

phys.org | 8/7/2018 | Staff
oxboy (Posted by) Level 4
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Former Walt Disney Studios chairman Jeffrey Katzenberg has raised $1 billion in initial funding for his NewTV start-up seeking to tailor television to smartphone lifestyles, pulling in Hollywood's biggest studios.

Disney, 21st Century Fox, MGM, Sony Pictures and Warner are among the investors in NewTV, a working name for the new company, Katzenberg's WndrCo company announced Tuesday.

Katzenberg - DreamWorks - Steven - Spielberg - David

Katzenberg, 67, co-founded DreamWorks in 1994 with Steven Spielberg and David Geffen, overseeing production of hits such as "Shrek".

Before that, his stint at Disney spurred the studio's Renaissance with animation successes such as "Beauty and the Beast," "Aladdin" and "The Lion King".

Board - Meg - Whitman - NewTV - Executive

He has brought on board Meg Whitman as NewTV's top executive. One of the most prominent women in Silicon Valley, she was chief executive of Hewlett Packard Enterprise from 2011-2017 and of eBay, from 1998 to 2008.

Katzenberg will remain in charge...
(Excerpt) Read more at: phys.org
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