M to expand its Netflix alternative to more emerging marketsiflix, a Netflix like service that covers Southeast Asia and other emerging markets, has closed 9. The round was financed by international cable firm Liberty Global, Middle East and Africa focused operator Zain and existing backers Sky, venture builder Catcha Group and LA based Evolution Media Capital EMC. Sky made a 4. 5 million investment last year, while Catcha Group and EMC provided an initial 3. There could be more money coming soon. Malaysia based iflix confirmed that it is in negotiations with other investors with a view to enlarging this round beyond 9. Thats ties into a previous Tech. Crunch report last year in which we revealed that the firm was shooting for a 1. Tech. Crunch understands that this new funding values the iflix business around the 5. A public filing from investor PLDT made last year shows the firm was valued at 4. Sky. iflix initially made its name in Southeast Asia where it specialized in a more local approach than the global streaming giants like Netflix and Amazon in terms of programing, payment options and partnerships with local mobile operators but has since pushed on beyond the region. The service is officially available in nine countries in Asia, most of which are in Southeast Asia, and parts of the Middle East and Africa via iflix Arabia, a joint venture with Zain, the telco which covers seven countries across both regions. While Amazon and Netflix pride themselves on Western focused programs like House Of Cards or the Top Gear reboot, iflix offers a more local focused catalog to give a different appeal. It is also cheaper. The price varies market to market, but in Thailand, for one, iflix costs 1. THB per month 2. THB 7. Netflix membership. Tech. Crunch, CEO Mark Britt pointed to some numbers that show promise. He said the service has signed up over one million users in Indonesia, while in Pakistan, one of its newer launches, it has nabbed 1. Update iflix has since confirmed that it has five million registered users. The companys switch from a regional player to a larger business with major international ambitions has necessitating some internal changes, however. This month, iflix let 5. Over the previous decade Grove, now 42, had already established and listed on the ASX online classified companies iProperty Group, iCar Asia and iBuy Group. Tech. Crunch. iflix confirmed the staffing change in a statement. We undertook a restructuring of the business, removing approximately 5. Malaysia last week, which will be replaced by 2. They involved a variety of circumstances, including but not limited to shift in some HQ roles to Singapore and other centralized roles at Malaysia HQ to in region MENA Africa and local operations in various markets, a company representative said. While iflix may have bitten off a little more than it was immediately ready to chew, Britt is confident that there is an spot to play for despite both Amazon and Netflix expanding their services globally, and local competition from legacy broadcast players. Theres a clear role for local and regional players willing to run local content or localized content, he told Tech. People-LIke-Us-Elizabeth-Banks-Chris-Pine.png' alt='Watch People Like Us Online Iflix' title='Watch People Like Us Online Iflix' />Searching for the best postpaid plan in Malaysia Sign up with Digi SmartPlan today for Fast and Affordable Internet access for your mobile phone. Watch Cardboard Boxer Online Full Movie. The new financing will support the companys expansion into the Middle East, Africa and new markets throughout Asia. Iflix, a subscription videoondemand service. NEWS PEOPLE For the latest news visit www. Secures US133M Funding, Launches Cambodian Service STREAMING SERVICE iflix has announced it. IFlix is a video on demand service that targets users in emerging markets Patrick Grove, iFlix cofounder and chairman, said the services top competitor was not. North To Alaska Full Movie'>North To Alaska Full Movie. Netflix is an American entertainment company founded by Reed Hastings and Marc Randolph on August 29, 1997, in Scotts Valley, California. It specializes in and. North Koreas foreign minister, Ri Yongho, held rare multiparty talks with counterparts from China, South Korea and Russia at the Asean summit meeting. Sites list is all about Watch Movies Online Without Downloading, There are several ways to watch movies online you can pay affiliate si. Sites list is all about. Technology/GTY_audience_watch_horror_movie_jt_140621_16x9_992.jpg' alt='Watch People Like Us Online Iflixtv' title='Watch People Like Us Online Iflixtv' />Crunch. Amazon and Netflix are leading players, they offer a fantastic experience, but for the mass market we are seeing a clear opportunity for locally orientated players. Superman Season 1 Episode 5'>Superman Season 1 Episode 5. The question is just execution complexity. With major names like Liberty Global and Sky on board, iflix has gained the backing of members of traditional entertainment who are keen to expand their reach through the growth of mobile, and mobile internet access, in emerging markets. Andrew Griffith, Sky Plc group chief operating officer said in a statement. In the last year since Sky joined as a shareholder, we have seen the company surpass its milestones, including consolidating its leading market position in Southeast Asia and expanding its footprint into new regions. We are pleased to continue our support, as iflix moves on to the next stage of growth, making its world class service available to millions of consumers in MENA and Africa. Beyond expansions into new markets, iflix is also working on its own original content. First announced last year, Britt said there would be more details on upcoming programming in the near future as iflix looks to evolve from challenger into established broadcast medium. There are currently more than 2. It is our aim to make iflix available to each and every one of them, Britt added via a statement. Featured Image Vernon ChanFlickr UNDER A CC BY 2. LICENSE IMAGE HAS BEEN MODIFIED.