France's Molotov, a cloud-based video streaming company, is taking its home country...and the OTT market...by storm.
Founder and CEO Jean-David Blanc told Cheddar that, in the 9 months since launch, the company has signed up 1 million subscribers. He says its audience has tripled in the last six months, and with minimal advertising efforts.
Molotov's over-the-top service comes at a time when video-on-demand in France is gaining steam. The sector has seen rapid growth in the face of a steady decline in traditional television-watching.
According to research firm eMarketer, nearly 40 percent of all time the French spend watching TV digitally in France was done on a mobile phone or tablet. That compares to 31.6 percent who use a connected TV.
Blanc noted on Tuesday that on average nights, his platform captures 5 percent of television viewership in the country.
As of now, the platform features all broadcast channels, as well as premiums like HBO. Molotov also provides a curation service, where users can categorize the content they would like to watch as they would for a themed playlist. In addition, Molotov offers a complimentary 10-hour DVR feature, with an option to pay extra for more time.
“We want to grow this company all around Europe as fast as possible,” Blanc told Cheddar.
Tech stocks are rallying on strong earnings and massive AI investment. Investors are watching Nvidia & hyperscaler spending for clues on how long it will last.
Sean Klitzner, showrunner and co-creator of Beast Games, previews the Feb. 25 finale packed with bigger stunts, wild twists, and the highest stakes yet.
Bob Sallmann, CFO of McGraw Hill, breaks down the quarter’s standout performance, digital expansion, and how AI tools are driving education innovation.
