Canada’s WSO Media Group is to sell all-encompassing online video streaming service that it says is the largest in the world.
The Canadian online streaming giant is seeking $10 billion in a new funding round led by Andreessen Horowitz.
It has said the deal will give it access to the billions of dollars in market share that it’s built up over the past several years, which it said was “driven by new and emerging digital platforms and new revenue opportunities.”WSO is in the midst of rolling out its streaming platform, which will have 30 million subscribers and include the streaming service of the company’s own streaming service, Netflix.
It says it will be able to stream content from Netflix and Hulu to its subscribers, which can be accessed from its website.
It will also have access to Hulu, Netflix and Amazon’s Prime video services.WSO says the new funding will allow it to expand its offerings across Canada, the United States and other markets.
It said it will also invest $2 billion in its existing operations.
Wso is a Toronto-based company that started as a website.
Its website launched in March.
It is now valued at about $1.5 billion.
The company was formed in 2014 by Canadian entrepreneur and venture capitalist Dan McLaughlin, who is also an investor in Uber and Airbnb.
The company has been developing its service since 2011, when it began using a service called OTTTV.
It was initially intended to be a platform for content providers to stream their own content.
In January 2017, the company acquired a number of streaming services, including Go90 and Amazon Instant Video, for $700 million.