{"id":6606,"date":"2015-11-05T00:00:00","date_gmt":"2015-11-05T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/2015\/11\/05\/starz-invests-in-streaming-service-fandor\/"},"modified":"2015-11-05T00:00:00","modified_gmt":"2015-11-05T00:00:00","slug":"starz-invests-in-streaming-service-fandor","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/starz-invests-in-streaming-service-fandor\/","title":{"rendered":"Starz Invests in Streaming Service Fandor"},"content":{"rendered":"<p>\n\tSAN FRANCISCO: The subscription streaming service Fandor has completed a $7 million round of funding, with Starz as lead strategic investor.<\/p>\n<p>\n\tFandor is home to a library of some 7,000 foreign and independent films. The service operates in the U.S. and Canada. It also offers a 50-percent revenue share to rights holders.<\/p>\n<p>\n\tStarz is joined by LionTree Capital Partners as an investor. The Fandor service is led by Larry Aidem as president and CEO and Chris Kelly as chairman.<\/p>\n<p>\n\tStarz&#039;s CEO, Chris Albrecht, said: &quot;At a moment in time when Starz is aggressively extending its brands&mdash;geographically and technologically&mdash;we are excited to invest in Fandor. It is a premium content company offering the world&#039;s largest selection of independent film titles with a state-of-the-art technology platform. With its top-tier management team led by Chris and Larry, with their reputation and experience, we expect Fandor to be a great investment for Starz.&rdquo;<\/p>\n<p>\tAidem commented: &quot;Chris Kelly and I are extraordinarily pleased and honored to have Starz as Fandor&#039;s lead strategic investor. Together with DNS and Aryeh Bourkoff&#039;s LionTree&mdash;two of the most respected voices in media and entertainment&mdash;the prospects for fully realizing our ambitious vision for the business are excellent. On a personal note, I&#039;m delighted to reunite with Chris Albrecht and Aryeh Bourkoff, longtime colleagues and friends with whom I&#039;ve previously enjoyed tremendous business success.&quot;<\/p>\n<p>\tFounder and CEO of LionTree, Aryeh B. Bourkoff, remarked: &ldquo;Today, everyone in the TMT industry is evaluating the impact of disruption and globalization, and with their own strengths and vulnerabilities at home and abroad, Chris and Larry&#039;s years of experience in both digital and traditional media are a distinct advantage. Fandor is well-positioned for success in the shifting media ecosystem and LionTree Capital is confident in the company&#039;s ability to make targeted moves that will create lasting value and impact.&quot;<\/p>\n<p>\tKelly added, &quot;This strategic validation further readies Fandor for rapid expansion in the exploding market for great visual storytelling.&quot;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO: The subscription streaming service Fandor has completed a $7 million round of funding, with Starz as lead strategic investor. Fandor is home to a library of some 7,000 foreign and independent films. The service operates in the U.S. and Canada. It also offers a 50-percent revenue share to rights holders. Starz is joined &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-6606","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Starz Invests in Streaming Service Fandor<\/title>\n<meta name=\"description\" content=\"Starz Invests in Streaming Service Fandor. SAN FRANCISCO, November 5: The subscription streaming service Fandor has completed a $7 million round of funding, with Starz as lead strategic investor.. 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