The deal also includes an option for the French pay-TV giant to up its stake to take majority control of the Asian video company.
Viu has specialized in licensing and producing original Korean content, but it also creates original content in Southeast Asian territories including Thailand, Indonesia and Malaysia. In 2022, the company reported over $250 million in revenue, representing growth of 36 percent year over year.
“CANAL+ already has leading market positions in Europe and Africa,” said Maxime Saada, CANAL+’s CEO. “We are now looking forward to developing Asia as an additional growth engine for the group. Our investment in Viu is a major step towards achieving this goal.” Added Janice Lee, Viu’s CEO and a managing director at PCCW: “Having created a robust streaming business, we are excited to have the addition of CANAL+ as a strategic investor to further accelerate growth by drawing on CANAL+’s global strength in premium productions, content creation and distribution expertise. We look forward to the next phase of our business with the combined strengths of PCCW and CANAL+ behind Viu.
Indonesia Berita Terbaru, Indonesia Berita utama
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