PARIS– After raising $4.3 million from Sky in September, France’s newly-launched OTT TV service Molotov has drawn a total of $24 Million from the U.K. media group as well as french infrastructure operator TDF, along with other investors, including Russian businessman Mikhail Fridman.
Molotov will use the resources to expand its footprint internationally, said Molotov co-founder Jean-David Blanc during a press conference held in Paris on Wednesday.
On top of investing in Molotov, TDF has also become a minority shareholder in the company and has signed a partnership to bring hybrid broadcast feeds to Molotov on smart TV’s.
Molotov, which rolled out in July in France, is also bowing a Cloud DVR app and Chromecast support, a premium-movie bundle including Canal Plus group’s Cine Plus channels with a one-month free trial at launch and 9.99 Euros ($1.06) per month afterwards. Five more pay TV channels will be part of Molotov’s Extended bundle : CanalJ and Tiji from Lagardère, Toonami and CNN HD from Turner and Crime District from AB group.
Called “Bookmark,” the Cloud DVR app will allow all users to record TV shows instantly in their own Molotov personal storage space. Free users will be offered 10 hours of cloud DVR storage, while Molotov’s paying subscribers will access an additional 100 hours of storage. The bookmark feature will work across all devices and requires no additional hardware.
Popular on Variety
Molotov has also signed a pact with Samsung Electronics to provide Samsung
SmartTV owners with 100 hours of Molotov’s cloud DVR for a 3-month period, during the holiday season.
Founded by AlloCine creator Jean-David Blanc, Cannes film festival’s prexy Pierre Lescure and former TF1 exec Jean-Marc Denoual, Molotov was just granted the “App of the Year” award by Apple and nominated among the “Best of 2016 apps” by Google in France.