Viacom, Warner acquire stake in Italy's Chili TV

Tuesday 16 August 2016 | 14:53 CET | News
Viacom and Warner Bros have acquired an 8.67 percent stake in Italy-based video-on-demand service Chili, with options to increase their holding to around 13 percent by 2019, reports Italian business daily Il Sole 24 Ore, citing new Chili TV CEO George Tacchia. The transaction will result in a fresh injection of funds, increasing Chili TV's capital from EUR 53.6 million to EUR 58.4 million, said the report, adding that the Hollywood studios were keen to support the video streaming sector in times of increasing piracy.

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Categories: Broadcast & Satellite / Internet
Companies: Chili TV / Fastweb / Viacom / Vodafone Italia / Warner Bros
Countries: Italy
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