Mic raises US$21m for video expansion

Millennial-focused web publisher Mic has raised US$21 million in Series C funding, to help expand its video output. Mic said will use the cash to “aggressively expand” its premium video offerings for live and subscription video-on-demand, as well as to grow its new channel brands. The funding round was led by Lightspeed Venture Partners, with […]

Global IPTV subscribers reach 92.7 million

Global IPTV subscriber numbers reached 92.7 million at the end of 2013, a year-on-year increase of 23.7%, according to a new report by the Market Intelligence & Consulting Institute (MIC).  The ‘Worldwide IPTV Subscriber Market, 1Q 2014’ study predicts further growth in this space, tipping the IPTV subscriber market to reach 100 million subscribers by the […]