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