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.
- 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.