Canal+ to Cut 250 Jobs and Withdraw Pay Channels from TNT
The media group cites regulatory challenges and the removal of C8's frequency as key factors behind the restructuring and strategic shift.
Overview
- Canal+ announced a plan to cut 250 positions, including 150 linked to the February 2025 shutdown of its C8 channel, and 100 additional roles across the group.
- The decision follows the Arcom regulator's non-renewal of C8's frequency, citing repeated violations, and increased fiscal pressures on the group in France.
- The company will withdraw its four pay-TV channels—Canal+, Canal+ Cinéma, Canal+ Sport, and Planète—from the TNT platform by June 2025.
- Remaining TNT subscribers, estimated at 70,000, will be supported with alternative access options such as satellite and streaming services.
- The announcement comes ahead of Vivendi's shareholder vote on December 9 to potentially split into four entities, with Canal+ set to be listed on the London Stock Exchange.