Time Warner Invests in You.i TV

NEW YORK: Time Warner Investments has led a $12 million Series B funding round for You.i TV, which provides a platform behind video apps across multiple devices.

Scott Levine, the managing director of Time Warner Investments, will join the You.i TV Board. Additional funding in the round has come from new investor Vistara Capital Partners and existing backers Kayne Anderson Capital Advisors.

The company’s You.i Engine is behind such popular video applications as Sony’s Crackle, the Rogers Communications shomi SVOD service, Corus Entertainment and Turner brands, including TNT, TBS and TCM’s soon-to-be-released direct-to-consumer app, FilmStruck.

“Delivering video directly to consumers is becoming vital to the media industry, and offering a compelling user interface and app experience is an important piece of this value chain,” said Levine. “We were immediately impressed with the You.i TV products, seeing how they create high-quality, unique branded experiences across multiple device platforms, while powering higher engagement rates with users.” You.i TV joins the Time Warner Investments portfolio that includes NextVR, Mashable, Krux, FanDuel, Discord and Bustle.

“The industry is in a race to ‘own the glass’ on devices big and small—from the 10ft to the fully mobile experience—and You.i TV has unlocked the art of gaining and retaining user attention,” added Jason Flick, CEO and co-founder of You.i TV. “When it comes to being ahead of the trend, Time Warner Investments is the best in the industry and choosing You.i TV is a ringing endorsement for the impact our products are having in market.”