Orange plans to go ahead with a plan to exercise its option to increase its stake in video sharing site Dailymotion from 49% to 100% before finding a new American partner to invest in the company, according to French press reports.
According to reports, Orange will take full control of Dailymotion and then decide how big a stake to relinquish depending on the identity of any partner it finds to develop the company.
Dailymotion is reportedly also planning to open a production studio in Paris. According to the reports, the 600 square metres studio will be opened between now and the end of May.
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16 January 2021 @ 19:00:00 UTC
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