Alex Iosilevich, Kevin Tsujihara, and Jeff Bewkes raised $360 million to invest in media, entertainment, and gaming.
"Today it's television, tomorrow it's virtual reality," Alex Iosilevich, a longtime media banker and investor, told Insider.
The trio announced April 27 that they raised $360 million for their first private equity fund to invest in media, entertainment, and gaming companies.
Bewkes was chairman and CEO of Time Warner; he left as part of AT&T's 2016 acquisition of the company.
With the market for subscription-based streaming services getting saturated, streaming companies will have to look more aggressively for new audiences through overseas expansion, ad-supported tiers, and new entertainment content.