Altice to acquire majority stake in OTT startup Molotov

TechCrunch | 1/30/2019 | Staff
urbanagirl3 (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2017/07/molotov-v3iphone-ipad.png?w=474

Telecom company Altice is about to close a significant investment in French startup Molotov — the two companies have entered into exclusive negotiations. While terms of the deal are undisclosed, Altice should end up with a majority stake in Molotov for hundreds of millions of euros.

This is an interesting move as it greatly increases the reach of Molotov and opens up some new opportunities when it comes to internationalization, content and more.

Molotov - Streaming - Platform - France - TV

Molotov is an over-the-top streaming platform in France. You can find all major TV channels, stream live content and watch replays for free. There are optional subscriptions to unlock more features, such as cloud recordings and premium channels.

The service is available on all major platforms — desktop, mobile, tablet, Apple TV, Android TV, Amazon Fire TV, smart TVs from Samsung, LG, Panasonic, etc. It is one of the most popular apps on tvOS and Android TV, always at the top of the stores with Netflix and myCanal.

Molotov - Company - Users - France - Day

When I last covered Molotov, the company told me that it has 7 million users in France. Every day, 1.2 million users watch something on Molotov. They stream a total of 1.1 million hours of content. As you can see, those Molotov sessions can be quite long.

Altice currently operates in France under the name SFR, Israel, Portugal, Dominican Republic and the U.S....
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
You can never use the word unexpected when it comes to abuse of power by the government.
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!