India’s Times Internet buys popular video app MX Player for $140M to get into streaming – TechCrunch

Times Internet, the digital arm of Indian media firm Times Group, is getting into the digital content space, but not in the way you might think. The company’s previous venture — an OTT called BoxTV.com — shut down in 2016 after an underwhelming four-year period. Now it is taking a radically different strategy by buying video playback app MX Player for Rs 1,000 crore, or around $140 million. The