French streamer Salto may be discontinued or sold | Bot To News

Salto, the French streaming service owned by TF1, M6 and France Télévisions, could change hands or close in the future. Variety Confirmed.

Launched in 2020 after several delays, the service was created by three French TV groups in an attempt to offer subscribers a local alternative to Netflix (now with more than 13 million subscribers in France) and other global services.

Priced at €6.99 ($7.23) per month, Salto had just 523,000 subscribers as of June 2021 and ranked behind other local streamers including Canal+, OCS, beIN and RMC by the end of last year, according to a study by NPA Conseils/. Harris is interactive. The company was valued at €45 million as of March, with annual revenue of €17.1 million in 2021.

The service includes catch-up content from 19 different channels including TF1, France Télévisions and M6, as well as premieres of upcoming shows and new content available for streaming.

Tensions began to rise between France Televisions and two commercial channels, TF1 and M6, after they unveiled their proposed merger plans in May 2021. France’s public broadcaster has said it wants to exit Salto and buy TF1 and M6. France Televisions’ share if their merger is green-lighted by the antitrust group.

The merger plans were eventually abandoned by TF1 and M6 after France’s antitrust body raised several concerns. It’s unclear where Ernott stands on the topic in light of this new development. However, now TF1 Group’s new managing director Rodolphe Bellmer (pictured) has questioned Banner’s involvement in Salto.

Bellmer, who previously ran Canal Plus Group, said he considered leaving once he took over as managing director of TF1 Group. Bellmer succeeded Gilles Pelisan as chairman of TF1 Group in February. The company also has its own streaming platform MyTF1.

Local news outlet La Lettre A reported that a meeting between Salto’s three shareholders will be held to decide how to proceed with the streamer. Options include discontinuing or selling the service.

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