Tag Archives: Leila Abboud

ProSiebenSat.1 says could sell a stake in Maxdome streaming service

German broadcaster ProSiebenSat.1 does not rule out a partnership for its fast-growing online video streaming service Maxdome, which competes with Amazon and Netflix in the nascent market, a senior executive at the firm said on Wednesday. Last week the Handelsblatt newspaper said that cable group Liberty Global was in talks to buy a 50 percent stake in Germany’s biggest streaming service. […] The video on demand market is expected to expand to about 480 million euros (382.53 million pounds) by 2018, up from 198 million euros last year, according to data from lobby group Bundesverband Audiovisuelle Medien. […] But the company, which was founded five years ago, currently makes a loss in the order of single-digit millions of euros per year and Wenger said Maxdome’s break-even level would be at around 700,00-800,000 customers. – Leila Abboud,Reuters
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