Verizon invests $100 million in video streaming channel AwesomenessTV 08 April 2016

Verizon has invested more than $100 million for a 24.5% stake in online video channel AwesomenessTV. This is a move by mainstream company to find business in a non-mainstream traditional video streaming shows. The audience here would the young mobile-first generation. Hollywood’s DreamWorks Animation had earlier bought AwesomenessTV in 2013, and it was a $113 …