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The Hulu Of Russia, Ivi.ru, Raises $40M To Fight Off The Threat Of Hulu, Netflix, And YouTube

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http://techcrunch.com – Ivi.ru the “Hulu of Russia” that offers streamed premium TV and films from international and local big-name content holders, has raised another $40 million round of funding. The investment was led by Baring Vostok, a private equity firm, along with existing investors ru-Net, Tiger Global, Prof-Media and Frontier Ventures. Oleg Tumanov, ivi.ru founder and CEO, tells TechCrunch that the funds will be used to build out both the company’s technology as well as its content catalog, amid rumors that ivi’s inspiration — Hulu itself — as well as Netflix are eyeing (IT news)