Telecom firm Altice is about to shut a big funding in French startup Molotov — the 2 firms have entered into unique negotiations. Whereas phrases of the deal are undisclosed, Altice ought to find yourself with a majority stake in Molotov for a whole bunch of tens of millions of euros.
That is an fascinating transfer because it drastically will increase the attain of Molotov and opens up some new alternatives with regards to internationalization, content material and extra.
Molotov is an over-the-top streaming platform in France. Yow will discover all main TV channels, stream reside content material and watch replays totally free. There are optionally available subscriptions to unlock extra options, similar to cloud recordings and premium channels.
The service is accessible on all main platforms — desktop, cell, pill, Apple TV, Android TV, Amazon Hearth TV, good TVs from Samsung, LG, Panasonic, and so on. It is likely one of the hottest apps on tvOS and Android TV, all the time on the high of the shops with Netflix and myCanal.
Once I final coated Molotov, the corporate instructed me that it has 7 million customers in France. On daily basis, 1.2 million customers watch one thing on Molotov. They stream a complete of 1.1 million hours of content material. As you’ll be able to see, these Molotov periods may be fairly lengthy.
Altice presently operates in France beneath the identify SFR, Israel, Portugal, Dominican Republic and the U.S. following the acquisition of Cablevision. Like many telecom firms, Altice and its founder Patrick Drahi additionally has invested in content material and media.
The corporate owns NextRadioTV (BFM TV, BFM Enterprise, BFM Paris, RMC Story and RMC Découverte). It operates premium sports activities channels as the corporate presently has the distribution rights of the Premier League in France. It owns completely different newspapers and magazines, similar to Libération and L’Specific.
Curiously, Altice has additionally acquired video adtech firm Teads. You might already think about new monetization alternatives for Molotov and Teads.
As Altice has already negotiated distribution rights with each TV community in France for its personal set-top packing containers, you’ll be able to think about a greater providing on Molotov within the coming months. As an example, you may think about having the ability to subscribe to Canal+ or BeIN Sports activities from Molotov.
Molotov had raised round $35 million from Idinvest (Benoist Grossmann), Sky, TDF, Cherry Tree Make investments and others. Whereas the service will stay out there to everybody even if you happen to’re an Orange subscriber for example, SFR prospects will get an prolonged model of Molotov totally free. Altice will preserve the identify Molotov.
Molotov co-founder and CEO Jean-David Blanc will stay on the head of Molotov. With this open strategy, Altice doesn’t simply wish to combine the service into its providing. Molotov will stay an impartial service and develop independently from Altice’s telecom operations.