Written by: Roshan Dwivedi
Sky has invested $45 million in iflix, a Netflix type VOD company of Southeast Asia owned by Catcha Group of Malaysia and US based investment firm Evolution Media Capital. Sky also runs NOW TV, Sky Online and Sky Go on the web and mobile, apart from its PayTV offering. Iflix which now has more than a million members, is now available in Malaysia, Thailand and Philippines. With this investment, it is expected to expand to more countries in the south east Asia region.
“iflix has quickly established itself as Southeast Asia’s most exciting and fastest-growing streaming TV service. There are lots of opportunities for Sky and iflix to work together and share expertise as both companies continue to expand,” said Sky’s Group CFO, Andrew Griffith.
Source: Whatech
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