Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Canal+ urges government to convince TF1 to allow free broadcast

Published 09/03/2022, 06:19 PM
Updated 09/03/2022, 06:25 PM
© Reuters. FILE PHOTO: Maxime Saada poses on the red carpet before the start of the 46th Cesar Awards ceremony at the Olympia concert hall in Paris, France, March 12, 2021. Thomas Samson/Pool via REUTERS

PARIS (Reuters) - Vivendi (OTC:VIVHY)'s pay TV company Canal+ called on the government to convince TF1 to allow it to broadcast its channel free of charge, two days after halting the airing of TF1 channels because the price the group asked was too high.

In an interview with weekly Journal du Dimanche, Canal+ Chairman Maxime Saada said TF1 had requested a 50% rise in its contract with Canal+ that ended on Aug. 31, which was unacceptable.

"DTT (Digital Terrestrial Television) channels – such as those of the TF1 group – are free for the general public and must remain so," he said.

French daily Le Parisien said on Saturday it had seen a letter by Culture Minister Rima Abdul-Malak, in which she called on Canal+ management "to show its sense of responsibility and general interest to avoid depriving hundreds of thousands of households of receiving all DTT channels.

Saada said that although the negotiations with TF1, a subsidiary of the Bouygues (EPA:BOUY) group, were private matters between the companies the government had means to intervene.

"Public authorities could call on TF1 to respect the obligation to make its signal available free of charge, which we are calling for," he added.

The two groups had already clashed on this issue in the spring of 2018. Canal+ had temporarily interrupted the broadcast TF1 Group's free channels for its subscribers after refusing to pay to broadcast channels otherwise accessible free of charge via DTT.

© Reuters. FILE PHOTO: Maxime Saada poses on the red carpet before the start of the 46th Cesar Awards ceremony at the Olympia concert hall in Paris, France, March 12, 2021. Thomas Samson/Pool via REUTERS

The signal was then restored only after the intervention of CSA, the regulatory authority for audiovisual, and the minister of culture at the time.

(This story refiles to correct to CSA not CASA in final paragraph)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.