Alibaba, Hollywood Studios Are Among Those Pouring $1 Billion Into a Mobile-Video Startup

Alibaba and all six major Hollywood studios are among the backers of a $1 billion fundraising round for mobile-video startup NewTV, part of Jeffrey Katzenberg’s WndrCo and a significant bet on new ways of making and distributing entertainment.

Source: Alibaba, Hollywood Studios Are Among Those Pouring $1 Billion Into a Mobile-Video Startup