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In Content, Media & Internet

Philo Investment by AMC Networks, Discovery, and Viacom

Philo is a live streaming television service focused on entertainment, lifestyle and knowledge programming

San Francisco, CA – (BUSINESS WIRE) Philo, a live streaming television service focused on entertainment, lifestyle and knowledge programming, today announced that it has launched on Amazon Fire TV and Apple TV, giving consumers broader access to 40 top channels for just $16 per month. Philo also announced that it has raised more than $40 million from existing investors with AMC Networks, Discovery and Viacom leading the company’s Series C round of funding.

The launch on Amazon Fire TV and Apple TV adds to the list of platforms Philo subscribers can use to access the service that already included Roku devices, desktop and web browsers, iPhones, and Android devices via Chrome (native app coming soon), as well as more than 35 participating TVE apps.

“Our goal is to build a television service that people love. The expansion onto Amazon Fire TV and Apple TV is a natural extension for us and allows many new people to discover and enjoy Philo, as well as expanding the viewing options for our existing subscribers,” explained Andrew McCollum, Philo’s CEO. “We’re thrilled with the response we’ve seen to Philo so far, but we’re always looking for ways to make it even better, and this is another big step forward in that direction.”

Last fall, Philo launched the industry’s first entertainment-focused skinny bundle and continues to add value for subscribers with new features. With this new round of funding, Philo will invest in product features/enhancements and expand marketing efforts to reach an even larger audience. The company is also developing additional innovations, including a socially-driven TV experience.

Built on groundbreaking technology, Philo includes powerful features and functionality, including:

  • The ability to watch on up to three different devices at the same time;
  • A seven-day free trial that you can start in seconds with just a phone number;
  • The freedom to watch the way you want with an unlimited 30-day DVR, a deep on-demand library, pause any live channel, start programs from the beginning, and watch programs that have aired in the past three days;
  • A streamlined interface, intelligent search, and the ability to easily send your favorite shows to others.

For further information, please see the press release.