WndrCo Announces Initial Capital Raise of $1 Billion for New Media Platform

BACKWndrCo Announces Initial Capital Raise of $1 Billion for New Media PlatformInvestors include all major Hollywood studios, several leading independent content creators, and top

technology companies

Los Angeles August 7, 2018 WndrCo announced today that it had closed an initial funding round for

"NewTV" [working title], raising $1 billion. Led by Meg Whitman and Jeffrey Katzenberg, NewTV brings

together the best of Silicon Valley and Hollywood to create the first entertainment platform built for

easy, on-the-go mobile viewing, allowing today s leading studios and creative talent to tell original

stories in an entirely new way.

"More so than ever, people want easy access to the highest quality entertainment that fits perfectly into

their busy, on-the-go lifestyles," said Meg Whitman, CEO of NewTV. "With NewTV, we ll give consumers

a user-friendly platform, built for mobile, that delivers the best stories, created by the world s top talent,

allowing users to make the most of every moment of their day."

The initial raise included investments by all of the major Hollywood studios, a number of independent

studios, major technology companies, and strategic partners.

"It is exciting to see Hollywood embracing this new technology distribution platform built for the way

we watch today," said Jeffrey Katzenberg, Managing Partner of WndrCo and Chairman and Founder of

NewTV. "NewTV will access the best talent and intellectual property for this next era in entertainment.

We are already seeing tremendous interest from Hollywood s top talent."

The Hollywood studio investors include Disney, Entertainment One, Fox, ITV, Lionsgate, Metro Goldwyn

Mayer, NBCUniversal, Sony Pictures Entertainment, Viacom, and Warner Media. The technology

company investors include Alibaba. The strategic partner investors include The Goldman Sachs Group,

Inc., JPMorgan Chase & Co., Liberty Global, and Madrone Capital, who led the round.

About WndrCo

WndrCo is a holding company that invests in, acquires, develops and operates consumer technology

businesses for the long term. Founded by media and technology veterans Ann Daly, Sujay Jaswa, and

Jeffrey Katzenberg, WndrCo leverages its expertise and relationships to help companies recruit talent,

expand operations, and grow revenue. WndrCo is co-headquartered in Los Angeles and San Francisco.

Please visit www.wndrco.com for more information.

About NewTV

NewTV is the working title of a mobile-first media platform incubated at WndrCo and founded by Jeffrey

Katzenberg. NewTV brings together the best of Silicon Valley and Hollywood to create the first

entertainment platform built for easy, on-the-go mobile viewing, allowing today s leading studios and

creative talent to tell original stories in an entirely new way. NewTV is headquartered in Los Angeles.

LINK:	http://www.entertainmentone.com/press/wndrco-announces-initial-capital...
	See more stories from entertainment1

Most recent headlines