Katzenberg raises $1bn for smartphone ‘New TV’
Jeffrey Katzenberg has successfully raised funding to create a ‘next-generation’ HBO or Netflix — with bite-size original programming designed for smartphones. WndrCo, the holding company Katzenberg co-founded, announced that it has secured a $1 billion seed-funding round for ‘NewTV.’ Backers include: Disney, 21st Century Fox, NBCUniversal, Sony Pictures Entertainment, Viacom, AT&T’s WarnerMedia, Lionsgate, MGM, ITV […]