Patrick Drahi's Altice has entered into exclusive discussions to acquire a majority stake in French TV platform Molotov, the companies announced Wednesday in a joint statement. Financial terms weren't disclosed.
Drahi, who owns the former Cablevision Systems and a controlling stake in Suddenlink in the U.S., will take a 60 percent stake in the company and will look to expand the service, which bills itself as the "Spotify of TV," internationally.
Though Molotov — founded by Cannes president and former CanalPlus head Pierre Lescure, Allocine founder Jean-David Blanc and former TF1 head Jean-Marc Denoual and ...
Drahi, who owns the former Cablevision Systems and a controlling stake in Suddenlink in the U.S., will take a 60 percent stake in the company and will look to expand the service, which bills itself as the "Spotify of TV," internationally.
Though Molotov — founded by Cannes president and former CanalPlus head Pierre Lescure, Allocine founder Jean-David Blanc and former TF1 head Jean-Marc Denoual and ...
- 1/30/2019
- The Hollywood Reporter - Film + TV
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