WWE Finds an Unusual Tag Team Partner in the Streaming Game

WWE and Discovery Communications were the two publicly traded companies out of the five entities that participated in FloSports’ latest round of capital raising. All told, this brought in just over $21 million for the fledgling company. This gives FloSports a total of $32 million in funding from a variety of sources. The monies will be used, in FloSports’ words, “to improve our digital platform and add OTT apps like Roku and Apple TV. We’ll be enhancing your user experience and adding new features to our live streams. And we’ll put more resources toward research and development.” – Eric Volkman, The Motley Fool http://ift.tt/2bwQr8u
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