The partnership will lead to Netflix’s content being made available to Altice customers into all eligible devices in France, Portugal, Israel and Dominican Republic.
“We are thrilled to launch our global partnership with Netflix,” said Michel Combes, Altice CEO. “Our content-centric experience strategy is to expand our commitment to provide the best content to our customers combining Netflix service into Altice customer's life is making both more attractive.”
The launch of the Netflix service on Altice's platforms follows Altice's significant investment in content and sport through Altice studio's original creations, acquisitions of series and movies rights, and local and global distribution partnerships.
Reed Hastings, Netflix CEO, added: “With this global partnership and thanks to more than 1,000 hours of new original Netflix content slated for 2017, Altice's customers will be able to seamlessly access and enjoy all the best entertainment in one place.”
France will be the first Altice territory to launch Netflix. Exclusive promotional SFR family offers with Netflix have been made available today.
The rollout will advance to other countries through 2017.
Altice USA IPO
Yesterday, the global convergent leader in telecoms, content and advertising, announced that Altice USA had launched an IPO, aiming to raise as much as $1.4 billion. Going public will help to enable Altice billionaire founder Patrick Drahi to expand his US cable empire with some of the proceeds earmarked for potential acquisitions.
It launched an IPO of 46,551,725 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the US Securities and Exchange Commission (SEC). The price is currently expected to be between $27.00 and $31.00 per share. Of the shares of Altice USA common stock included in the offering, 12,068,966 shares will be offered by Altice USA, 20,923,330 shares will be offered by funds advised by BC Partners and 13,559,429 shares will be offered by entities affiliated with the Canada Pension Plan Investment Board (CPPIB). BC Partners and CPPIB expect to grant the underwriters a 30-day option to purchase up to 5,172,414 additional Class A common shares.
J.P. Morgan, Morgan Stanley, Citigroup and Goldman Sachs & Co. LLC are acting as joint book-running managers for the proposed offering and representatives of the underwriters, together with BofA Merrill Lynch, Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank Securities and RBC Capital Markets as additional joint bookrunning managers.
In April, the French-owned cable operator was looking to raise at least $1 billion from an IPO.
