French streaming platform Salto – a joint venture between TF1, M6 and France Télévisions – could be sold off or shut down in the coming months, according to local media reports. Broadcasting …
Télévisions – could be sold off or shut down in the coming months, according to local media reports.
Broadcasting rivals TF1, M6 and France Télévisions launched the streamer in October 2020 with ambitions to create a French-styleWith subscriptions set at between $7 and $13, it never drew more than one million subscribers, with current numbers believed to be around 800,000, against Netflix’s 10 million subscribers in France as of this summer.reported last week that the partners were holding talks over its future and that this could result in a sell-off.
Local media outlets suggested it was unlikely that France Télevisions, which is currently in the process of rationalizing its own structure and spending, would have the budget to acquire the platform outright. Specialized trade press reported that pay-TV giant Canal+ could be interested in acquiring the entire service, principally for the content that is made uniquely for the platform.
It is not clear, however, whether any of the three partners would continue to provide content for the platform in the event that they were no longer involved in the venture.
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