NEW YORK (Reuters) - U.S. media company Hearst Communications Inc led a $133 million investment in iflix, the Malaysian provider of streaming video said on Monday.
Other new investors included Singapore-based EDBI and clients of DBS private bank, iflix said in a statement. Existing shareholders Evolution Media, Sky PLC, Catcha Group, Liberty Global (NASDAQ:LBTYA), Jungle Ventures and PLDT Inc increased their investments, it added.
The investment brought the total funding raised by iflix this year to more than $220 million, iflix said.