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.
You don’t have to be an Olympic-level athlete to wear On’s shoes or apparel, but the company will use the 2024 games to continue growing its footprint.
Companies are making money, the economy is cooling down, and a rate cut or two possible by the fall? It might be time to break out the cautious optimism.
Fed Chair Jerome Powell reported that rates would likely remain elevated due to sticky inflation. Zillow breaks down how this could impact the housing market.
Amanda Chin, SVP of Marketing for the Golden State Warriors, stops by Cheddar to debut Valkyries name and logo and talks why women sports is good for business.
The return of ‘meme stocks’ don’t mean it’s time to panic about the stock market. If you want something to worry about… look no further than inflation.
Andela is revolutionizing global work for a sustainable future. Their impact includes diverse skills, income growth, & successful hiring in untapped locations.
