![]() “Content providers, creators, and consumers are all paying the price for the explosion of so many streaming media services and the industry needs a trusted way for the experience to be as enjoyable as possible,” Intercap chairman and CEO Jason Chapnik said in a statement. The company said its new interface will have a recommendation feature based on things they already watch or listen to. Plex did not name the streaming services that it plans to draw from. The new capital will be used to further Plex’s effort to become an all-in-one hub that will aggregate movies and TV shows from a number of services. Plex says the remainder of the funds are being used to purchase shares and options from employees and shareholders. ![]() The financing includes approximately $15 million in new capital for Plex. The $50 million comes from an existing investor, Intercap. “Our job is to understand where everything is, whether it’s from our free library of movies and shows, a subscription service, live on TV, or something you can purchase, and for Plex to be the trusted go-to service to help you find what you want, when you want it.” ![]() “Everybody knows it’s a pain to sift through all the streaming services to find what you want to watch, and our goal at Plex is to manage your media life for you,” Keith Valory, CEO at Plex said in a statement about the company’s plans. Today the company announced a $50 million growth equity round that will help fund the effort. Plex is developing a new interface that will aggregate a number of streaming services and live TV into a single menu.
0 Comments
Leave a Reply. |