Netgem offer for Videofutur
January 24, 2013
Netgem and Videofutur Entertainment Group have confirmed their approval for Netgem’s tender for 100 per cent of Videofutur, in exchange for cash or Netgem shares
Netgem’s objective is to return to growth on the French home market by seizing the opportunity offered by Connected TV. This will allow Netgem to extract more value from both its domestic presence and its technological assets.
Videofutur has completed over recent years a major business transformation by evolving from DVD rental and distribution to operating Connected TV services. Its cloud-based video-on-demand platform is available across a wide range of connected equipment (PC, Mac, smart TV, tablets, smartphones) and remains essentially distributed through its own direct network (through the Internet and its own stores).
As a result of the Offer, Netgem will acquire both an expertise and an existing offer to address the Connected TV market. This will put Netgem in a position to deploy rapidly, beyond Videofutur’s own limited network, a Connected TV offer for multi-services operators in France. Beyond the French market, the cloud services platform developed by Videofutur for the multi-screen distribution of video services will be progressively integrated within Netgem’s international offering.