Canal Plus Vincent Bollore lives 500 resignations propositions: Canal + is in the hard. The encrypted channel has prepared a voluntary departure plan to reduce costs. 500 people, nearly 20% of the Canal + workforce, are affected by Les Jours. The posts concerned will be specified next week to the staff representatives at a meeting of the Social and Economic Committee (SSC). The Les Jours website states that "only permanent employees will be affected, the 300 fixed-term contracts are not part of this plan". According to the professional letter Satellifax, the publishing division - which includes free and pay TV channels -, Studiocanal and distribution will be particularly concerned. It is therefore the heart of Canal + programs that is affected.
Canal + has been continuously eroding its subscribers for several years. Since 2015, and the takeover of Vincent Bolloré - who ceded his position as Chairman of the Supervisory Board in April 2018 to Jean-Christophe Thiery - the channel has lost a little over a million subscribers in France in three years. The group had 16.2 million subscribers worldwide last year, including 8.3 million in France. A haemorrhage that is partly explained by the in-depth modification of the program schedule, which has led to a wave of departures of journalists and animators, but not only.
The channel is also facing increasingly fierce competition, both in film content and series as well as in sports. The American streaming giant Netflix, present in France since 2014, conquers each year a little more subscribers. He would have passed the milestone of five million customers in France, according to Le Figaro. At the same time, Canal +, which has lost 217,000 direct subscribers in 2018, has only 4.73 million customers.
Canal + claims 46 million euros to the League because of yellow vests
Canal Plus Vincent Bollore lives 500 resignations propositions
Taking into account its subscribers via the offers and packages of the telecom operators (Orange, SFR, Bouygues, Free), the pay television channel however reaches nearly 7.83 million customers. The international pole, profitable, should be spared by this plan of voluntary departures.
Vincent Bolloré took control of Vivendi from a minority stake that began in 2012 and has since been strengthened regularly to reach 20.65% of the capital and 29% of the voting rights. It is now his son Yannick who presides operationally for the destinies of Vivendi.
Moreover, the newspaper L'Equipe reveals that Canal + has assigned the professional football league, organizer of the championship, before the Commercial Court of Paris by claiming 46 million euros. At issue: the yellow jackets events that have resulted in the postponement of dozens of matches "and reprogrammed at dates and schedules much less favorable." Canal + has spent 549 million euros a year to broadcast this season 2018-2019. In a statement, the LFP says "dismayed", "refutes the entirety of the allegations of Canal + and will demonstrate in front of the Commercial Court of Paris" on September 5.