Patrick Frater Asia Bureau Chief France’s Canal+ Group said that it has increased its stake in multi-territory Asian streaming platform Viu to 30%. “This additional investment underlines the confidence that Canal+ has in Viu and its teams.
It also highlights the determination of Canal+ to make Asia its next growth vector, through its strategic partnership with PCCW, and through an acceleration of growth at Viu, a premium streaming service present in Asia, the Middle East and South Asfrica,” the French group said in a statement.
Additionally, it said that its investment in Viu now amounted to some $300 million and that it retains an option to increase its stake to 50%.
In June last year, Canal+ announced that it was to pay $200 million for an initial 26.1% stake in Viu and that it would make a total staggered investment of $300 million.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.