Fox has invested in vertical video business Holywater, which operates platforms including My Drama, My Passion and My Muse, Deadline’s Peter White reports, citing a company statement. Fox did not disclose the size of its stake in the business, which has over 55M users, or the valuation of the deal. As part of the deal, Fox Entertainment Studios will create and produce over 200 vertical video titles for My Drama over the next two years.
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