RDIF and partners complete investment in ivi, Russia’s leading online video streaming service
Moscow, September 12, 2019 - A consortium of investors, including the Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund), the Russia-China Investment Fund (RCIF, established by RDIF and China Investment Corporation), Mubadala Investment Company (UAE), Baring Vostok Private Equity Fund IV, Flashpoint VC, RTP Global and Winter Capital today announce the completion of an investment in ivi.ru, Russia’s leading online video streaming service.
ivi currently holds a 42% share of Russia’s licensed OTT video on demand market. The investment by RDIF and partners is aimed at accelerating ivi’s growth and the further development of the company’s business.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“The investment in ivi is a perfect example of successful partnership between RDIF and major funds. Users enjoy the wide variety of films and easy access through all technology platforms. We hope that our cooperation will support the successful development of ivi in the rapidly growing market of online video services”.
Oleg Tumanov, CEO and Founder of ivi, said:
“The successful closing of this investment round will provide additional boost to ivi development. The support of our current shareholders and new funds from a pool of investors led by RDIF and Mubadala provide an opportunity to further improve the content offering for our audience through the expansion of our own unique content production”.
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB1.5 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 bn. Further information can be found at www.rdif.ru
ivi is Russia’s leading online video streaming service with a monthly audience of more than 40 million users. ivi’s professional catalogue is comprised of films, TV series and animation. It consists of over 80 thousand content units licensed from all six US majors and more than 400 international and Russian studios. ivi’s users enjoy multiplatform (Smart TV, website, mobile applications, STB, game consoles) access to the service around the world.
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Leach / Maria Shiryaevskaya
Tel: +44 (0) 20 7796 4133