Thursday, February 18, 2016

Canal + en route to an exclusive distribution agreement BeIN Sports – Obs

Paris (AFP) – Canal + will be able to enter into an exclusive distribution agreement with the sports channel Bein Sports, announced Thursday Vivendi, the parent of the encrypted channel

Vivendi’s Supervisory Board. “authorized the Management Board to enter into an exclusive distribution agreement Bein Sports,” the group said in a statement. This would allow the Qatari sports channel “to benefit from the strength of the distribution of Canal + and to all the customers of both companies to have a comprehensive offer.”

This agreement is part a vast Canal transformation plan + in 2016 to “stop losses”.

“the six channels Canal + lose money in France for 4 years,” said Vivendi said in a statement to the occasion of its annual results.

These chains are losing customers “since 2012″ and recorded an operating loss of € 264 million in 2015, “76 million more than in 2014. “

These losses are due, according to Vivendi, the broadcasting rights for price increases linked to” the arrival of new entrants in national and international sport and fiction. “

“This threatens the entire Canal + Group” warns Vivendi, which employs 8,200 people and is an important player “in the financing and development of the French and international cinema which he invested a total of nearly € 800 million per year. “

This plan must” return to equilibrium “in 2018 because Vivendi did” not afford to indefinitely endure strings of losses Canal + in France ” .


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