Magine TV sells B2C business in Germany to Zattoo

News Broadband Germany 28 JAN 2019
Magine TV sells B2C business in Germany to Zattoo

Online TV service Magine TV announced that it has sold the B2C business of its German service Magine TV Deutschland to rival Zattoo. Magine TV will stop its web TV offer in Germany on 28 February, and users will be able to continue watching TV services on Zattoo.

Zattoo said it will take over around 150,000 active customers from Magine. They will be provided its premium service free for two months as a welcome offer. No financial details of the takeover were disclosed.

Following the sale, Magine plans to focus on the B2B business MaginePro, its provider of video streaming platforms and comprehensive video streaming solutions for websites and content providers. 

Magine TV was founded in Sweden in March 2013. It has been available to consumers since April 2014 in Germany, where it offers free TV and pay-TV channels in HD.

Categories:

Internet,  Video

Companies:

Zattoo,  Magine

Countries:

Germany

Tags:

Corporate strategy

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