Dailymotion close to signing US partnership
Parent Category: News | 12-12-2013
Stéphane Richard, the CEO of French telco Orange, has announced that its online video platform Dailymotion could sign a partnership in the United States in the coming weeks.
According to press reports, the company is in ongoing talks with Microsoft.
Talking at digital conference LeWeb'13 Paris, Richard also added that Orange was working on other regional partnerships in Asia.
"There is a nice probability for us to come to an agreement in the coming weeks for the US market with a major player in the digital economy," Richard said.
Earlier this year Orange was in talks with US-based Web portal Yahoo! to sell a 75% stake in Dailymotion, but the deal failed in May after French Government refused one of the country's most visible start-ups being sold up to 50%.
The French state owns 28.4% of Orange, so has some sway over the group's actions and management.
After the Yahoo! deal failed, Orange invested more than €30 million in the platform.
Dailymotion has about 120 million unique monthly visitors and 2.5 billion video views each month. 85% of its audience comes from outside France, with the US being a prime market.