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Vivendi evaluates sale of German VOD service Watchever

June 11, 2014 09.30 Europe/London By Jörn Krieger

VivendiThe planned entry of global market leader Netflix into the German video-on-demand (VOD) market shows the first effects: French media company Vivendi is apparently evaluating the sale of its German VOD service Watchever.

The company is actively looking for a buyer of the OTT platform it launched in early 2013, reports French newspaper Les Echos without giving a source. The reason would be the high losses: In 2013, Watchever accumulated a loss of €66 million while turnover amounted to only €12 million, according to the report.

Watchever Screenshot iPadThe loss is reported to have increased in 2014 to €21 million in Q1 alone. Faced with these figures, Vivendi didn’t want to enter a costly competition with Netflix, writes Les Echos.

At the presentation of its Q1 financial results in May 2014, Vivendi confirmed that “all strategic options” would be considered for Watchever. US bank Merrill Lynch has meanwhile been given a mandate for the sale, according to the report. Vivendi didn’t want to comment the information.

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Filed Under: On Demand/VOD, OTT, Top Story Tagged With: Merrill Lynch, Netflix, sale, Vivendi, Watchever Edited: 11 June 2014 09:59

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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