Adios Amigos: Viu Says To India Amid Intensive Competition

Adios Amigos: Viu Says To India Amid Intensive Competition

SUMMARY

The announcement came at an all-hands meeting at Viu’s Mumbai office

Viu’s executive cited financial reasons behind the shutdown

The company was unable to compete with Amazon, Netflix, others: Viu’s executives

Hong Kong-based over-the-top (OTT) platform Viu has reportedly decided to fold its India operations amid intense competition and cash-burn.

According to ET, Arun Prakash, chief strategy officer of Viu, in an all-hands meeting at the Mumbai’s office of the company, told employees that Viu is going to fold all its operations in India.

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