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Daylight robbery as Katzenburg’s NewTV secures $1 billion

What have we here, is that Go90’s reincarnation or is someone cruelly teasing the failed Verizon video venture? In actual fact it turns out to be US businessman, film producer and almost-billionaire Jeffrey Katzenburg who reckons he has the answer to all TV’s problems with a short-form mobile-first streaming service called NewTV. Sound familiar? Even 116 million mobile subscribers proved incapable of providing a platform strong enough to persuade viewers away from YouTube and social media where short-form content is king, but Katzenburg’s holding company WndrCo has just secured a $1 billion seed funding round and convinced some major names, who should probably know better, to invest. These include Disney, 21st Century Fox, NBCUniversal, Liberty Global, Alibaba, Sony Pictures Entertainment,…

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