Vivendi Looking to Sell German VOD Platform Watchever — hollywoodreporter.com

French media giant Vivendi is looking for a buyer for its money-losing German video-on-demand service Watchever, according to French media reports. A report Wednesday in French newspaper Les Echos said Vivendi has hired Merrill Lynch to assess a possible sale of Watchever, a subscription VOD service akin to Netflix which launched in Germany early last year. A Vivendi spokesman contacted by THR declined comment but rumors of a possible Watchever sale have been bubbling up since Vivendi reported its first quarter figures that showed the German service booked a $28 million (€21 million) loss in the first three months of this year.

Read More