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21st Century Fox Invests $100 Million in Caffeine Social Broadcast Platform

21st Century Fox is investing $100 million in social broadcasting platform Caffeine, Fox announced. The deal includes creating Caffeine Studios, which is jointly owned by Caffeine and Fox Sports. “The new studio will leverage FOX Sports’ expertise in live events…

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and programming to create exclusive esports, video game, sports, and live entertainment content” for Caffeine's platform, Wednesday's release said. 21st Century Fox Executive Chairman Lachlan Murdoch will join Caffeine’s board.