SKY INVESTS IN NEXT GENERATION VIDEO PLATFORM MOLOTOV

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Sky has invested €4 million in Molotov, an over-the-top video platform in France that distributes free and pay TV channels and content to consumers via a freemium model. This investment is part of a larger Molotov financing round and is the latest in a series of Sky investments in innovative start-up companies.

Molotov was founded in 2014 by JeanDavid Blanc (founder of AlloCiné), Pierre Lescure (founder of Canal+ and President of the Cannes Film Festival) and Jean-Marc Denoual (former senior executive at TF1 Group). Molotov’s ambition is to become a leading OTT aggregator and distributor of TV content for consumers. Molotov also provides a new distribution platform for TV channels and content owners. The company launched its first publicly available service in July 2016.