20th Century Fox has taken a 4% stake in Italian transactional video-on-demand provider Chili in a reported €6 million investment in the platform.
Fox joins Warner Bros, Viacom-Paramount and Sony Pictures as shareholders in the venture. Warner Bros and Paramount have 4% stakes, while Sony has a 3% stake in the venture.
Torino 1895 Investments, a vehicle of the Lavazza family, acquired a 24% stake in Chili for a reported €25 million, while founders Stefano Prisi and Giorgio Tacchia hold 30%.
Chili, created in 2012, offers a line-up of 50,000 movies and TV series episodes on a pay-per-view basis in Italy, Germany, the UK, Austria and Poland. According to Italian press, the venture is valued at around €150 million. The company posted revenues of €13 million in 2017, up from €8 million a year earlier. It reportedly expects to increase its sales to over €30 million this year.
.@SA_Update: #mobile essential for #liveTV services https://t.co/H9k97v3oIv
19 April 2018 @ 13:00:02 UTC
#Video 'driving adoption' as #AmazonPrime passes 100m members #AmazonPrimeVideo https://t.co/yhIiYNmMK9
19 April 2018 @ 12:30:01 UTC
.@SkyUK reports 10% earnings increase despite 'challenging environment' https://t.co/O09sTrdU4E
19 April 2018 @ 11:59:26 UTC
#BT is most complained-about #UK #payTV provider https://t.co/jh1huWBcME
19 April 2018 @ 10:00:02 UTC
ICYMI: @SkyDeutschlandd to launch #SkyQ in May #UHDTV #TV https://t.co/kFQd2djHVb
19 April 2018 @ 09:30:00 UTC
