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Canal+: Time to reclaim its ‘national champion’ mojo - Venture Insights

Report Overview

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Canal+: Time to reclaim its ‘national champion’ mojo

PublisherEnders Analysis.
Publish Date July 13, 2020
Sector Media, Pay TV, UK.

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The pay-TV platform’s revenue has almost stabilised in France, while positioning has shifted to that of an aggregator—thanks to deals with Netflix, Disney+ and BeIN Sports

Ligue 1’s licensing deal with Mediapro for the 2020-24 football rights seems unlikely to be fulfilled, so the league may have no choice but to go back to Canal+ to ‘save French football’

Canal+ could now put forward a grand bargain—with its renewed commitment towards French football and production industries, the platform could plausibly gain control over Orange’s IPTV service and negotiate a more favourable regulatory environment

Contents

Where Canal+ stands today

The football conundrum

Gaining scale thanks to a deal with Orange

Resetting the regulatory understanding

Conclusion: Vincent Bolloré’s choice

List of charts/tables

Figure 1: Subscribers (000) and revenue growth (YoY) in France

Figure 2: Groupe Canal+’s revenues and earnings (€000)

Figure 3: TV platforms household penetration, France (%)

Figure 4: French films nominated for Best International Feature Film at the Oscars