It also has an option to make a further investment and turn that stake into a controlling 51%.
The partnership will allow Canal+ to take a major step in developing Asia as its next growth engine.
In 2022, Viu reported $250M in revenue, representing growth of 36% year over year.
Janice Lee, Viu CEO and PCCW Media Managing DirectorPCCW
Maxime Saada, Canal+ Group CEO, said: Canal+ already has leading market positions in Europe and Africa.
We are now looking forward to developing Asia as an additional growth engine for the group.
Our investment in Viu is a major step towards achieving this goal.
