Vivendi drops European OTT plan
Vivendi has ditched plans for its very own OTT service French newspaper Liberation reports
Vivendi has shelved plans for developing an OTT Netflix-type rival, reports French newspaper Liberation. The company was planning to build on its existing assets such as Canalplay in France and Watchever in Germany as well as the partnership with Mediaset in Italy to construct a new entity.
However, Liberation reports that plans have been dropped, Watchever will be closed, Canal Plus will be restructured and the talks with Mediaset are off.
Dominique Delport, the president of Vivendi Contents, told staff working on the project last week that meetings on the project were suspended. Approximately 14 staff have been working on the project since late 2015.
It is rumoured that the company will be focusing on the upcoming launch of Studio+, a new station of premium series for mobile devices. Vivendi said it still plans to launch in spring 2017.