Curiosity Stream is planning to go public through an agreement with Software Acquisition Group. CuriosityStream chairman John Hendricks and Software Acquisition Group chairman Jonathan Huberman announced the plans Tuesday.
CuriosityStream says that the deal will give the company the cash to allow the service to grow in terms of subscriber count, as well as building a library of original content. The streaming service, created by the founder of Discovery Channel, currently has over 13 million subscribers and a library of over 3,000 films and series.
“CuriosityStream has the unique advantage of being a ‘pure-play’ streaming media service that is not burdened with legacy linear TV assets in cable and broadcasting. Our consumer promise of offering premium factual content on demand in the new era of streaming has been enthusiastically embraced by curious viewers worldwide,” Hendricks said in the announcement. “We are excited to now have access to the public capital markets to support our growth plans and to over-deliver on our mission to provide content that informs, enchants and inspires.”
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