NuvoTV Secures $40M
NuvoTV, a Glendale, CA-based English-language cable network for bi-cultural Latinos in the U.S., has raised $40m in funding.
Backers include existing investors Columbia Capital and Rho Capital Partners, as well as new investors Veronis Suhler Stevenson and Tennenbaum Capital Partners.
The company intends to use the funding to expand the development of original entertainment programming.
Created in 2004 and led by CEO Michael Schwimmer, 18-49, nuvoTV currently reaches more than 30 million homes with content across diverse genres, including comedy, reality, music, movies, lifestyle and talk.
It is available nationwide on DISH Network, most major U.S. markets (Los Angeles, New York, Miami, Chicago and San Francisco/Bay Area, among others), as well as 15 Hispanic DMAs.
Distribution partners include AT&T U-verse, Comcast, Cox, Dish Network, Time Warner Cable and Verizon FiOS.