Roughly seven months after being acquired by international media company Vivendi for a reported $243 million, Paris-based video sharing platform Dailymotion announced that it is parting ways with chairman and CEO Cedric Tournay.
Tournay will be replaced by Maxime Saada (pictured, left), who previously sat on the board of directors as deputy chairman. According to a blog post on Dailymotion, Saada will continue in his role as CEO of the Vivendi-owned company Canal + Group. The post didn’t explicitly say that Saada will take CEO post at Dailymotion, only the chairmanship. VideoInk has reached out to Dailymotion to clarify whether or not the CEO role is being filled.
Tournay was chairman and CEO of Dailymotion for more than six years. During his tenure, the company achieved 3.5 billion video views per month. The decision to replace Tournay was passed by the board of directors. Two legacy executives — Giuseppe de Martino, executive vice president, and Martin Rogard, chief operating officer — will remain at the company.
Founded in 2005, Dailymotion was originally directly competitive with YouTube as a platform for user-generated content. But, hampered by its international focus, Dailymotion failed to gain as much traction in the U.S. as YouTube. In 2014, Dailymotion tried to compete with an original video content strategy, but it ultimately de-prioritized funding new content in favor of focusing on its tools and services business. Dailymotion has also had strong user activity in the esports and live gaming space.