$30 million infused into Fusion
DORAL, FL: The news and pop-culture multiplatform outlet has received commitments from its owners — Disney and Univision — for $30 million in additional financing, sources told The Post.
Fusion declined to comment.
The 19-month-old TV, streaming and online news outfit, which is in 40 million homes, was initially aimed at English-speaking Latinos but now is looking to broaden its audience.
The Doral, Fla., company has been on a hiring binge of late and is aiming to expand its digital reach with fresh content, according to a presentation document prepared for the fundraising.
Fusion attracted 5 million unique online visitors in April, a 130 percent increase since December, the document reveals.
Sixty-eight percent of its traffic is from mobile devices, according to the document.
Fusion is co-producing “Vergaraland,” a series about the life of “Modern Family” star Sofia Vergara that’s set to debut on Snapchat’s Discover platform.