AMC Networks among latest investors in foreign language online video platform DramaFever

American cable network AMC Networks (Nasdaq: AMCX) is among a recent group of investors who put $6 million into DramaFever, an online video platform that specializes in delivering foreign-language programming to audiences in North America.

Other DramaFever investors include: Germany's Bertelsmann and Mexico's NALA Investments along with Allen DeBevoise, chairman-CEO of Machinima, a gaming entertainment network, and Matt Coffin, founder of LowerMyBills.com.

The eclectic investment group is banking on a company that started in 2009 as an online platform for East Asian films and TV shows with English subtitles marketed to a North American audience. DramaFever now says it has 2 million unique advertising-supported visitors a month.

AMC, meanwhile, has been expanding from its base network fare of shows like Mad Men, Breaking Bad and The Walking Dead into a more global focus by the Sundance Channel. Bertelsmann owns FreemantleMedia which, in turn, makes American Idol. NALA previously invested in Summit Entertainment, which produced Twilight.

For more:
 - see this story

Related articles:
Online video programming draws VC money, sponsor interest
DramaFever partners with Hulu; GoogleTV coming out party in May?;
DramaFever partners with Hulu to stream direct-from-Asia online video content

Suggested Articles

As more subscription streaming video services enter the market, the potential total cost for consumers keeps going up.

Amazon’s new Fire TV Blaster is built to work in tandem with other Amazon devices to expand Alexa voice controls within the home.

beIN Sports is launching a free, ad-supported network on the Roku Channel, where it will feature live sports including soccer along with originals.