Kion is a privately owned Russian streaming service and production company launched in 2021. It is part of the MTS group and offers movies, TV series, and TV channels through distribution deals and its own productions known as Kion Originals. The company is headquartered in Russia and has approximately 50 employees. Kion launched on April 19, 2021, and offers content through distribution deals as well as its own productions.
KION published several announcements on 8 November 2022. First, the company disclosed transactions made by its management and related parties. Then, it received a Sell rating from Nicholas Green of Bernstein, who lowered the target price from EUR 29 to EUR 17. However, Stefan Augustin Warburg Research recommended buying the stock, setting a target price of EUR 40, slightly lower than the previous target of EUR 41.
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