Canal+ to Save €20 Million Annually by Exiting TNT Broadcasting
Canal+ announces exit from TNT broadcasting to save €20 million annually.
Key Points
- • Canal+ to save €20 million annually by leaving TNT broadcasting.
- • Decision driven by declining subscribers and high costs.
- • Company migrating subscribers to internet boxes and satellite services.
- • Canal+ settles a €90 million tax dispute but faces a separate €655 million VAT dispute.
Canal+ has revealed plans to exit the TNT (Télévision Numérique Terrestre) broadcasting platform, a decision expected to result in annual savings of approximately €20 million. This strategic withdrawal, outlined during an assembly on June 6, 2025, comes in response to diminishing subscriber numbers and high fixed costs, which reportedly amounted to around €5 million per channel each year.
The financial director, Amandine Ferré, noted the necessity of the move, citing the need to reduce costs associated with disappointing viewership through TNT decoders. Maxime Saada, the president of the board, echoed this sentiment, indicating the company’s intention to transition subscribers to more lucrative platforms such as internet boxes and satellite services.
In related news, Canal+ successfully negotiated a settlement with the Centre national du cinéma (CNC), thus avoiding a hefty payment of €90 million for the years 2020 through 2023. However, the company continues to engage in a significant tax dispute related to VAT rates, potentially amounting to €655 million, and is actively communicating with tax authorities to resolve this matter.