EXCLUSIVE: True Royalty TV, the streaming service dedicated to documenting the lives of royal families around the world, has spoken to high-profile industry players as it bids to raise $12M to expa…
would not be drawn on specific conversations the company is having with potential backers, but said the net is wide because it is in the early stages of the fundraise.
Angus did admit, however, that it won’t be straightforward to snag a big investor. “The tricky thing for us is we are actually still relatively early and small as a company, so to get the attention of the M&A departments of the massive strategics is not that easy to do. With the tectonic plates shifting, they’re pretty focused on big deals,” he explained.
Viacom has been acquisitive in the streaming space, buying ad-funded Pluto TV for $340M in January, while Disney is poised to launch Disney+ globally on November 12. ITV already has ITV Hub, while it controls BritBox, a service it is planning to launch in the UK before the end of the year in partnership with the BBC.
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