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Canal+ Increases Stake in Viu, Eyes Majority Ownership of Asian Streamer – Global Bulletin
Canal+ takes wider Viu, audience awards at Sydney Festival, Starlight delays restructuring, Maddock Films hatches music deal with Sony India.
It says that the move is in accordance with the terms of the strategic partnership with Viu owner PCCW Group announced a year ago and follows the satisfaction of key business milestones. “This investment is a renewed testimony to Canal+’s commitment to develop Asia as one of the group’s growth engines and underlines Canal+’s confidence in Viu and its team,” the French company said in a statement. Starlight Culture Entertainment, a Chinese group which operates loss-making film investment businesses in Los Angeles, has asked for more time to complete a planned capital restructuring.
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