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05 Jul 2023

Major global expansion for Canal+

Canal+ Group has formed a strategic partnership with PCCW to accelerate the growth of Viu, a leading pan-regional OTT video service with presence across Asia, the Middle East, and South Africa. As a result of the transaction, Canal+ will become a significant minority shareholder in Viu through a staggered investment of $$300 million which includes an initial investment of $200 million resulting in Canal+ holding a 26.1% stake in Viu. In addition to the $300 million, a further investment, at Canal+ option, could result in an increase of Canal+’s stake in Viu to 51%. The two parties note that partnering with Canal+ as an important strategic investor is a recognition of Viu’s leading position in the video streaming markets spanning [...]
01 Jun 2023

SVOD keeps pace in East Asia

Despite a global slowdown, and with homes in the established markets experiencing fatigue and major players starting to lose subscribers, the subscription video-on-demand (SVOD) market is still going strong in East Asia says research from Dataxis. The study points to an interest in premium content, with East Asian markets showing differentiated consumption habits high purchasing power, multiscreen content consumption and high connectivity rates that enable large-scale streaming. In Japan, the SVOD subscriber base was found to be growing strongly and is estimated to do so until 2027. ARPU is projected to start decreasing in 2025, thus enabling revenue growth until 2025. Growth is even more dynamic in South Korea, where both the 15 million and the 20 million subscribers’ milestones [...]