MX Player raises $110.8mn in Tencent-led funding round. WhatsApp sues Israel’s NSO Group over surveillance allegations. HBO’s streaming service to be launched in May.
Money Matters: Times Internet-owned over-the-top (OTT) video platform MX Player has reportedly raised $110.8mn in a funding round led by Chinese tech giant Tencent. This is the first investment in the video platform, which will use the capital raised to expand its content catalogue by acquiring and providing original programming.
MX Player’s valuation, post-Tencent funding, would stand at $500mn. VCCircle
Legal Action: In what it said was the first time an encrypted message provider had taken legal action of such a kind, WhatsApp said it is seeking a permanent injunction against Israel’s NSO Group from using its service.
WhatsApp accused NSO Group of sending malware of roughly 1,400 mobile phones for surveillance. The targets apparently included 100 members of civil society from several countries, including Bahrain, Mexico, and the United Arab Emirates.
NSO Group, which makes software for surveillance, refuted the allegations and said it would “vigorously fight them”. BBC
Streaming Soon: AT&T and WarnerMedia have announced the pricing of their HBO Max streaming service. It will cost $14.99 per month, which is the same price as HBO Now.
Details about new content were also revealed. A Game of Thrones spin-off called House of the Dragon has been greenlit. And creators like Elizabeth Banks and Mindy Kaling will be developing new shows to be streamed.
HBO Max will launch in May 2020. TechCrunch
(We are now on your favourite messaging app – WhatsApp. We strongly recommend you Subscribe Now to start receiving your Fresh, Homegrown and Handpicked News Feed.)