Dailymotion, a online video sharing site, is close to inking a partnership deal in the US and is working on another in Asia in hopes it can take on Google’s YouTube. Dailymotion is owned by French telecom operator Orange. Orange Chief Executive Stephane Richard would not mention who the US partnership would be with, only that they are a “major player” in the digital economy. He also played coy as to the Asian partner referring to them as “a significant regional operator”.
Stephane Richard
“There is a nice probability for us to come to an agreement in the coming weeks for the U.S. market.”
Orange was near a deal with Yahoo some time back but that was nixed when the country’s industry minister spoke out against the French startup being consumed by a large American corporation. The French state owns 28.4% of Orange so it’s understandable why the minister had some pull. Whoever their would be partners are, they have a tough road ahead of them to take on Google’s YouTube. YouTube is well established and has the backing of a near endless amount of cash. We’ll see if Dailymotion can make a run or not. Hit the link for source.
Source: Reuters
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Last Updated on January 23, 2017.
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