Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture

Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture

The longtime Hollywood executive sees a demand for high-quality bite-size content. Disney, NBC and Alibaba back his plan.

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ᴘʀᴏᴍᴏʏᴢᴇ™ ᵈⁱˢᶜᵒᵛᵉʳ ᵗʰᵉ ᵖʳᵒᵛᵉⁿ ᵛⁱᵈᵉᵒ ˢᵒᶠᵗʷᵃʳᵉ ᵗʰᵃᵗ ʰᵉˡᵖˢ ʸᵒᵘ ᶜʳᵉᵃᵗᵉ


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