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.
ICYMI: No end in sight to TV4 dispute as Almqvist blames Com Hem streaming rights move digitaltveurope.com/2019/12/13/no-… https://t.co/zNaqmu4T7j
13th December 2019
ICYMI: @premierleague turns to Masters as CEO digitaltveurope.com/2019/12/12/pre… https://t.co/DiXZ0xffy3
13th December 2019
ICYMI: BT CEO calls on new government to speed up fibre delivery and “cut through the red tape”… twitter.com/i/web/status/1…
13th December 2019
Parrot Analytics: Disney and Apple make splash digitaltveurope.com/2019/12/13/par… https://t.co/kAT7VZl5Cq
13th December 2019
DTVE Week in View: A month of plusses digitaltveurope.com/comment/a-mont… https://t.co/hK7D3RUQ7X
13th December 2019
