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.

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Jillian Morgan is the Associate Editor at Realscreen with a background in journalism and digital marketing. She joined the publication in 2019 after serving as the assistant editor to trade publications HPAC and On-Site. With a bachelor of journalism from the University of King's College in Halifax, she also works as a freelance writer and fact-checker.