French OTT TV distribution platform, Molotov is also in the niche of free video on demand financed by advertising with the Mango service. The company also has a Molotov Solutions B2B division to offer its technology to professionals.
This week, FuboTV announced the repurchase of Molotov for an amount of 164.3 million euros as part of a transaction in cash and in shares (at least 85% in shares), the finalization of which is expected in the first quarter of 2022.
Molotov’s technical know-how in particular caught the eye of the American platform listed on the New York Stock Exchange, which specializes in online television and the streaming of sports programs, and seeks to deploy itself more widely outside of United States and Canada.
Soon under the American flag
Unlike Molotov, FuboTV does not have a freemium model and claims to have passed the milestone of one million subscribers. For Molotov, it is a question of 17 million registered users and 4 million monthly active users. The number of paying Molotov subscribers is said to be of the order of 200,000.
At the start of the year, Molotov announced the development of its brand internationally, starting with French-speaking African countries.
” We are delighted to evolve Molotov with FuboTV with whom we share the same ambition and vision of a live TV streaming platform. Our goal is to provide consumers with a premier streaming experience, with premium TV content on a global scale. “, comments Jean-David Blanc, co-founder and boss of Molotov.
To see what synergies will be found with Molotov, which will still operate from Paris under the direction of Jean-David Blanc. In 2019, Altice France and Molotov entered into exclusive discussions for a takeover which ultimately never came to fruition. In the grip of financial difficulties, Molotov had notably received financial support from Xavier Niel.
Source: GNT – actualités by www.generation-nt.com.
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