Home All Stories Sky Buys $4.5M Stake in French Streamer Molotov

Sky Buys $4.5M Stake in French Streamer Molotov

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Photo credit Sean MacEntee under Creative Commons license.

The Hollywood Reporter reports “Pan-European pay TV giant Sky has acquired a $4.5 million (4 million euros) stake in French streaming video service Molotov, which recently launched its app that allows subscribers to watch or record live TV across devices.

The companies didn’t disclose the size of Sky’s stake. ‘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,’ Sky said.” Read More