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Telefonica is considering launching an OTT video streaming service outside its home market in Europe, in order to monetize its growing audiovisual production, El Pais reports. At the moment the programmes are only available over its Movistar+ service in Spain, but this could be expanded to other European countries such as Germany and the UK, sources familiar with the project told the paper.
The service would be marketed at a competitive price for unlimited access to a VoD catalogue. The revenues could help fund additional productions. Similar to other platforms such as Netflix, the service would be available over a wide range of devices and could also be distributed with pay-TV operators. According to the report, Telefonica is expected to source content from its global operations for the service, but does not have plans to launch it in Latin America.
