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Canal Plus shutting down Netflix rival as subscribers leave

Published 06/29/2018, 12:58 PM
© Reuters.  Canal Plus shutting down Netflix rival as subscribers leave
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  • France's Canal Plus (VIVHY +0.2%) is set to shut down video-on-demand service CanalPlay, which bled out subscribers against a Netflix (NFLX -1.1%) launch in late 2015.
  • The unit complained that strict antitrust regulations barred it from having exclusive rights to content it produced.
  • In the meantime, subscribers have dropped from 800,000 to 200,000, Group President Maxime Saada says.
  • He also said CanalPlay was hurt by a fiscal regime in France that Netflix and Amazon.com (AMZN -0.3%) aren't subject to, due to not being headquartered in France.
  • Now read: The Most Overhyped Company In The World Strikes Again


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