Philo launches on Apple TV and Fire TV, raises another $40M led by AMC

Philo is now available on Apple TV and Amazon Fire TV. (Philo)

Streaming TV service Philo just unveiled a more than $40 million round of funding led by existing investors AMC Networks, Discovery and Viacom, while also launching its service on Apple TV and Amazon Fire TV devices.

The launch on Fire TV and Apple TV adds to the list of platforms Philo already supported, including Roku devices, desktop and web browsers, iPhones, and Android devices via Chrome (with native app coming soon), as well as more than 35 participating TV Everywhere apps.

“Our goal is to build a television service that people love. The expansion onto Amazon Fire TV and Apple TV is a natural extension for us and allows many new people to discover and enjoy Philo, as well as expanding the viewing options for our existing subscribers,” said Philo CEO Andrew McCollum in a statement. “We’re thrilled with the response we’ve seen to Philo so far, but we’re always looking for ways to make it even better, and this is another big step forward in that direction.”

With the new funding, Philo has raised more than $83 million, according to Crunchbase. That includes a $6.3 million series A round in 2013, a $10 million series B in 2015 and a $22 million series C last year.

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Philo’s new funding and device compatibility comes after the company in May added Cheddar Big News, PeopleTV and Tastemade to its lineup.

Philo is priced at $16 per month and its base package includes 40 channels. For an additional $4 per month, subscribers can add another nine channels.

At its current price point, Philo is in direct competition with AT&T’s newly launched $15 Watch platform. But McCollum recently told FierceVideo that his company rarely keeps tabs on what competitors are doing.

“We don’t really pay much attention to competition. We focus on building the best product that we can,” McCollum said.