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Canal Plus signals intent to increase Viaplay stake

The logo of Sweden-based streaming service Viaplay. (Courtesy image)
The logo of Sweden-based streaming service Viaplay. (Courtesy image)

French mass media company Canal Plus Group has expressed an interest in increasing its stake in Swedish counterpart Viaplay.

Last week, Canal Plus parent Vivendi and PF Cyprus Management Limited notified regulators in Austria that they both intend to increase their stake in Viaplay to over 25 percent each.

Canal Plus operates a streaming service in Austria that includes content from Viaplay, as well as TV shows and films from the British Broadcasting Corporation, the Walt Disney Company’s National Geographic and others.

Viaplay is currently in the process of restructuring its company, a move that includes pulling its business from certain countries while focusing on its core Nordic operations.

In July, Canal Plus Group acquired a 12 percent stake in Viaplay, shortly after Viaplay said it was reducing its global workforce by around 25 percent.

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About the Author:

Matthew Keys

Matthew Keys is the publisher of The Desk and reports on the business and policy matters involving the broadcast television, streaming video and radio industries. He previously worked for Thomson Reuters, Disney-ABC, Tribune Broadcasting and McNaughton Newspapers. Matthew is based in Northern California, has won numerous awards in the field of journalism, and is a member of IRE (Investigative Reporters and Editors).