Northzone and Scripps Networks Interactive Inc (SNI) participated in a $55 million funding round for internet television streaming company fuboTV. The company has raised about $75 million.
21st Century Fox (FOXA) participated in the latest funding round, after also participating in the company's previous round of funding.
FuboTV offers a "skinny bundle" subscription package that features a trimmed down package of channels for people who don't want a full cable subscription.
The company said that it is planning to expand its basic line-up with new programming offering. It also plans to invest in its engineering and product teams with the infusion of funds.
What's Hot On the TheStreet
All eyes on Apple this week: Apple's (AAPL) stock will be on the minds of Wall Street bit more than the norm this week. Shares of the tech giant have fallen 6.9% since the Nasdaq's peak on June 8 amid a broader selloff in tech. Not helping near-term sentiment on the company are two rare analyst downgrades that have questioned how big a seller the iPhone 8 will be.
But investors shouldn't be ready to throw in the towel on Apple by any stretch of the imagination.
"When you have these sellers come in, all you have to do is wait them out -- and one of the things I learned as a hedge fund manager is that patience is a true virtue," TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on Apple's recent slide.