Vivendi seeks buyer for German SVoD platform - report

News Broadband Germany 11 JUN 2014
Vivendi seeks buyer for German SVoD platform - report
French media group Vivendi is seeking a buyer for its Watchever subscription video-on-demand (SVoD) service in Germany, French newspaper 'Les Echo' has learned. US bank Merrill Lynch is understood to have been given a mandate for the sale. Watchever generated a loss of EUR 66 million in 2013 on sales of EUR 12 million, with Vivendi reluctant to keep absorbing such high losses in light of Netflix's imminent launch in Germany.

Categories:

Internet

Companies:

Netflix,  Vivendi

Countries:

Germany

Tags:

Company, Services, Portals / social media, Corporate, Consumer, Client, M&A buyouts & divestments

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