TDF takes minority stakes in Molotov
December 7, 2016
From Pascale Paoli-Lebailly
Following Sky’s example, having invested €4 million in French OTT platform Molotov last September, French TV transmission services company TDF has taken a minority stake in the freemium and pay TV channel distributor.
TDF, which has been a key player into the development of the French DTT channels, has struck a strategic deal with Molotov to enhance the app’s viewers experience with HD DTT.
Launched last July, and founded by Jean-David Blanc (founder of AlloCiné), Pierre Lescure (founder of Canal+ and President of the Cannes Film Festival) and Jean-Marc Denoual (former senior executive at TF1 Group), Molotov has now completed a €22 million fund raising campaign. The OTT platform, which provides a direct access to the live and replay services of a package of free DTT and pay TV channels also announced the launch of a bookmark function that enables remote video recording and the arrival of 11 new pay TV optional channels including the Ciné + bouquet operated by Canal+.
Molotov app is now also embedded on Samsung 2015 and 2016 connected TVs and compatible with Chromecast dongle.