Read on: Deadline
Hollywood mogul Jeffrey Katzenberg has raised around $800 million to back his video startup NewTV from a group of investors that include major media companies, according to published reports.
Warner Bros and 21st Century Fox are among a group of entertainment companies providing the venture with about $200 million in funding, Bloomberg reports. The rest of the cash is coming from institutional investors.
NewTV would use the financing to produce video series with Hollywood…