Group Nine Raises $50 Million From Discovery, Axel Springer

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Group Nine Raises $50 Million From Discovery, Axel Springer
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Digital-media company Group Nine Media raised $50 million in new funding, led by its lead investor Discovery along with participation from German publishing firm Axel Springer. Group Nine was forme…

Digital-media company Group Nine Media raised $50 million in new funding, led by its lead investor Discovery along with participation from German publishing firm Axel Springer. Group Nine was formed in 2016 with a $100 million investment from Discovery, combining three startups backed by Lerer Hippeau Ventures — Thrillist, NowThis Media and the Dodo — [...]Los Angeles-based MoJo Global Arts, former Shoreline Ent.

Global TV streaming service Rakuten Viki has struck new licensing deals with CJ ENM and JTBC, two major South Korean entertainment companies. Under the deals, Viki will add dozens of Korean and Chinese dramas to its catalog, including some that became unavailable to U.S. audiences when Warner Bros. shut down its Korean drama streaming service [...]

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