Russian video-on-demand service ivi raises $40 million

ivi, one of Russia’s largest over the top (OTT) video-on-demand platforms, has secured $40 million in funding from the Russian Direct Investment Fund (RDIF), Mubadala Investment Company (UAE), Baring Vostok, Flashpoint VC, RTP Global, and Winter Capital. The company claims to be holding 42 percent of Russia’s licensed professional OTT video-on-demand market, or twice as […]

European Netflix rival Wuaki.tv launches in Austria and Ireland

Editor’s note: This post, written by Jaime Novoa, was syndicated from Novobrief with his permission. Rakuten-owned but Barcelona-headquartered company Wuaki.tv has launched its VOD and online video streaming service in Austria and Ireland. With these two countries, Wuaki.tv is currently available in 7 European markets (Spain, UK, France, Germany and Italy). Wuaki’s CEO Jacinto Roca […]