AMC, Discovery, Viacom Put More Cash in Video Streamer Philo

Fast Company: Instead of making subscribers pay upwards of $40 per month for channels they may not want, Philo’s lineup of 40 channels costs just $16 per month. The service, which officially launched last November, has just raised $40 million from existing investors, led by the three networks–AMC, Discovery, and Viacom–that already supply most of Philo’s channels.