Canal+ Increases Stake in Asian Streaming Service Viu to 36.8%

The French media giant completes a $300 million investment, with the option to reach a majority share in the future.

Canal+ has released the final installment of its staggered $300 million investment in Viu.
The investment is part of a strategic partnership with Viu's parent company, PCCW Group.
Canal+ now holds a 36.8% stake in Viu, with an option to increase it to 51%.
Viu operates in 16 markets and reported $314 million in revenue last year.
Canal+ aims to expand its presence in Asia, viewing it as a key growth region.