PARIS — Underscoring its commitment to invest in innovative start-ups, Sky has invested 4 million Euros in Molotov, the French OTT platform in France which distributes free and pay TV channels and content.
Sky’s investment is part of a larger Molotov financing round.
Molotov was founded in 2014 by Jean-David Blanc, the founder of AlloCiné, Pierre Lescure, the founder of Canal Plus and Cannes president and Jean-Marc Denoual, a former senior executive at TF1 Group.
The service, accessible on all screens including computers, smartphones, tablets and connected TVs, allow users to stream live TV programs and sort content based on individual tastes, favorite actors, TV shows, movie genres or friends’ recommendations.
Molotov, which launched in July with a freemium model, aims to become a leading OTT aggregator and distributor of TV content for consumers, as well as provide TV channels and content owners with a distribution platform.
Molotov rolled out in French with more than 100 French and international nets on board.