Commercial networks TF1, M6 to exit the French streaming service Salto

By | November 21, 2022

France’s top two commercial channels, TF1 and M6, have decided to sell their stake in French streaming service Salto. Difference He confirmed. That leaves Salto out of two of its three parent companies.

In the year

TF1 and M6 were taken during the November 17 supervisory board’s decision to withdraw from Salto, apparently due to a number of reasons, including duties deemed too onerous by the antitrust board.

In the year With annual revenue of €17.1 million in 2021, the company was valued at €45 million as of March. The service offers a selection of 19 different channels belonging to TF1, France Television and M6, as well as streaming upcoming shows and hot content.

Sources close to the French TV groups say the idea is to sell their stake but keep their content available on the service. But with the exit of M6 and TF1, Salto remains the sole owner of French television, French Broadcasting. But the wallet-tightening importer may follow in the footsteps of the TF1 and M6. France Television President Delphine Ernott said she plans to move French television out of Salto after TF1 and M6 announced their merger plans. At that time, TF1 and M6 replied that they would take over French television. But after their merger was abandoned due to antitrust concerns, they chose a different strategy.

So Salto needs new owners to live. The question is, who will come aboard to save Salto? One candidate is Canal+, but the Vivendi-owned banner has entered into exclusive deals with Orange pay TV service OCS and film unit Orange Studios.

According to a report released today (Nov. 21) by OTT NPA Conseil Harris Interactive, Salto currently has between 800 000 and 900 000 subscribers, more than double what it had by spring 2021. But Salto, which is only available as an OTT service, has suffered from its lack of availability on set-top boxes. Salto boasts only one distribution deal with French telco group Bouygues. In comparison, Netflix has deals with all the major telco groups, including Canal +, Orange, Free and SFR, the market leaders.

The news was first reported by French news outlet La Letre A.

Category: tv

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