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Archyde
May 4, 2021 by archyde
Published on :
04/05/2021 – 00:07
Paris (AFP)
European media giants Vivendi and Mediaset announced on Monday that they would “waive all litigation” after years of conflict, which began around the failed creation of a competitor to Netflix in 2016.
The French group Vivendi, parent company of Canal +, and the Italian Mediaset announced on Monday that they had “reached a global agreement putting an end to their disputes by waiving all disputes and all complaints between them”, according to a joint press release also with the holding company of the Berlusconi family, Fininvest.
The group of the Berlusconi family and that of Vincent Bolloré had agreed in 2016 to launch a content platform likely to compete with the American Netflix, through the purchase by the French group of 100% of the package of pay TV channels Mediaset Premium.