Sky has invested €4 million Molotov, a French over-the-top video platform that distributes free and pay-TV channels and content to consumers.
Molotov was founded in 2014 by JeanDavid Blanc (founder of AlloCiné), Pierre Lescure (founder of Canal+ and President of the Cannes Film Festival) and Jean-Marc Denoual (former senior executive at TF1 Group).
The firm also provides a new distribution platform for TV channels and content owners. The company launched its first publicly available service in July 2016.
In a statement Sky says its investment is part of a larger Molotov financing round.
Today’s news follows similar strategic investments in online video aggregator Pluto.TV, 1Mainstream and streaming device maker Roku.
Molotov was founded in 2014 by JeanDavid Blanc (founder of AlloCiné), Pierre Lescure (founder of Canal+ and President of the Cannes Film Festival) and Jean-Marc Denoual (former senior executive at TF1 Group). Molotov’s ambition is to become a leading OTT aggregator and distributor of TV content for consumers.