Altice Secures Majority Stake in French Streaming Service Molotov
Telecom giant Altice enters exclusive negotiations to acquire a 60 percent stake in popular French streaming startup Molotov. The strategic partnership provides Molotov with new resources for international expansion and content acquisition.
Telecom company Altice negotiates a significant investment in French streaming startup Molotov to acquire a 60 percent majority stake. While exact financial terms remain undisclosed, existing investors retain their shares and some even contribute additional funding. This deal functions more like a massive funding round than a traditional buyout.
Molotov operates as a leading over-the-top platform in France, offering live TV, replays, and premium channel subscriptions across all major devices. The service boasts 7 million total users, with 1.2 million people streaming 1.1 million hours of content every single day. This partnership dramatically increases the reach of Molotov and opens up promising avenues for international growth.
Through this alliance, Altice provides Molotov with valuable assets including cash, marketing power, and access to new countries where Altice operates, such as Israel and Portugal. Altice also brings an extensive media portfolio that includes Premier League distribution rights, various news networks, and the video adtech company Teads. These combined resources create exciting new monetization and content integration opportunities for the streaming service.