Free streaming service Tubi TV grabs $20 million in new funding

San Francisco-based Tubi TV has raised an additional $20 million for its advertising-supported streaming service for TV and movies. Investors in the round are betting on the fact that the next big streaming competitor won’t be a direct rival to Netflix and others with a subscription-based business model, but rather a free service that offers a wide variety of titles for free viewing. – Sarah Perez, TechCrunch http://ift.tt/2q0ZgPE
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