Sky invests in French streaming service

The European pay-TV operator has taken a US$4.5 million stake in the recently launched French streaming service Molotov.tv.
September 2, 2016

European pay-TV operator Sky has taken a US$4.5 million (€4 million) stake in French streaming service Molotov.tv.

The platform distributes free and pay-TV channels via a “freemium” model. It was founded in 2014 by AlloCiné founder Jean-David Blanc, Canal+ founder and Cannes Film Festival president Pierre Lescure and former TF1 Group exec Jean-Marc Denoual.

Molotov launched in France in July with a free service available via computers, mobile devices and connected TV. It offers 35 channels, including TF1, France Télévisions, M6, Canal+ and the 26 channels on French digital television service TNT.

The deal is part of a larger round of financing in the company and the latest in a series of investments by Sky in start-up companies.

Last month, the Rupert Murdoch-owned company invested in The RightsXchange, a global online-deal-making tool for TV rights. It has also backed mobile sports marketing company InCrowd and put $45 million into Southeast Asian Netflix rival iFlix.

About The Author
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty