Canal+ Group, a subsidiary of Vivendi, announces that it has increased its stake in Viu, a leading streaming service present in Asia, the Middle East and South Africa, to 30%, in accordance with the terms of the transaction announced on June 21, 2023.

For the French media group, this increase marks a further step in its ambition to make Asia its next growth driver, through its strategic partnership with the PCCW group.

The transaction announced today is part of a $300 million staged investment, at the end of which the Canal+ group will have an option to increase its stake in Viu to 51%.

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