China’s Tencent, India’s Times Internet Lead $110M Investment in Indian Streamer MX Player1 min read

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Chinese internet giant Tencent is leading a $110 million investment in Indian streamer MX Player along with Times Internet, which already holds a majority stake in the company. Times Internet is part of leading Indian media group Bennett Coleman, which owns the Times of India newspaper, among others.

The streamer currently operates as an ad-supported service and does not charge users a subscription fee. In addition to movies and shows, the service also offers access to about 200 TV channels from networks such as Sony Entertainment Television and South Indian service Sun TV while integrating music service Gaana.

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Photo credit: MX Player