On Friday, journalists from the news channel iTV voted overwhelmingly (89.5%) a motion of distrust in their direction. At issue: the announcement of the reduction of a quarter of writing and infomercials projects. Friday night, Canal + renewed its support to the direction of the chain.
Angry journalists demand clear ethical commitment and more resources. As their new director Serge Nedjar named late May, has not only evoked custom interviews but also announced the non-replacement of the 50 CDD and freelancers. “ With a quarter of the workforce and less, iTELE will not be able to properly fulfill its mission ” protested the LDS.
The malaise in iTELE increased further after the announcement of the departure of Bruce Toussaint, the star matinalier who share co-host “ C in air “France of 5.
But the internal crisis in iTELE adds to the storm that shakes the group, endangered his model in place for 30 years: expensive subscriptions for a mixture of sports and cinema.
Competed in fiction by Netflix and other platforms SVOD, hacking and free channels, and in sport by beIN which won most of the rights of soccer, Canal + has lost 500,000 subscribers in 5 years. Even if he still keeps 3.9 million.
Vincent Bolloré, who took office on Canal + last summer, thought he had found the solution: an exclusive agreement with beIN, whose subscribers would have become part of his family. But on Thursday, the Competition Authority said no. And asked Canal + to offer cheaper deals and reinvent themselves.
– drop the price of Vivendi –
Meanwhile the price of Vivendi, parent company of Canal +, declined further: he lost 8% this week, under 16 euros and dropped a third of its value since the arrival of Bolloré to Canal + in July.
Another bad sign, the headliners are scrambling for the exit, as Maïtena Biraben, Yann Barthes, Gregory Margotton or Ali Baddou.
Thursday, Vincent Bolloré has spoken in “ Le Monde ” to advance some strategic tracks: emissions in the clear, long channel glamorous showcase +, will be reduced to one or only two hours a day – Thierry Ardisson and “ Hi Earthlings ” will go on for example D8 – and rates side, tenders will be segmented. According to him, “ the fate of Canal + is not played on a host .”
In his eyes, it is the 1.5 billion euros in subscription revenue that count, not the 60 million advertising revenue that brought the light.
It also seeks salvation in small air channels, D8 in mind, where Vincent Bolloré is 8% audience twice more than at present. To mark territory, Canal + will rebrand D8, D17 and iTELE C8, and Cstar CNews.
No more waving a closure of the channel because “ this business is righting, so I have invested ,” he told the businessman . He cited the British TV group Sky, which “ faces the same competition and earns a lot of money .”
Another track, developing a competitor to Netflix, named “ Watch “, to be launched “ end of the year ” ad -t it. It is Germany, Italy, Spain and South America, in agreement with telecom operators, including Telecom Italia, owned 24.7%.
The key word remains that of synergies in content between music (Universal), films and series (Canal +), video games (Gameloft he just bought), internet (its subsidiary Dailymotion) concerts (Olympia), flux emissions (D8) … a concept yet to materialize, according to analysts.
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