Altice France taking majority stake in Molotov
January 30, 2019
Altice France is set to take a majority stake in OTT TV service Molotov. The companies are in advanced negotiations, with Altice, for its part, offering Molotiv a platform to become a major OTT player – both in France and on an international level.
Under Altice’s proposition, Molotov will retain its brand identity and continue to be available to all – but with Altice’s premium content and international footprint to expand its business.
Molotov co-founder Jean-David Blanc said: “Our discussions with Patrick Drahi, Alain Weill and their teams immediately demonstrated a common vision for development, innovation and growth. This new stage will provide us with the means to realise this ambition and allow us to become the ‘Spotify of television’ in France and internationally.”
Alain Weill, CEO of Altice France, added: “We are very enthusiastic about teaming up with Jean-David Blanc, the entrepreneur behind two major French internet successes, AlloCiné and Molotov. We will develop Molotov with him and his teams to create a major player in digital, an authentic manifestation of the union of content and high-speed broadband infrastructure. A leader in live news and sport, we have the ambition to be the most innovative digital and OTT operator in the market by offering the best experience to our customers and all those who watch our content.”