In the worldwide land grab for video streaming services, a battleground has emerged in Southeast Asia. Startups, telecom operators, movie studios and Netflix have all converged on the region in the last year to try and establish themselves within the nascent—but promising—video streaming market.
The newest development comes from Malaysia-based streaming service iflix, which early Wednesday announced a $45 million investment from British satellite TV operator Sky, along with a separate investment from Indonesian media firm Emtek for an undisclosed amount. Iflix had previously raised $30 million in a round that included local investment firm Catcha Group and Evolution Media Capital.
