French streamer Salto could be shut down as early as the end of the week, according to local media reports.
French media are reporting that France Télévisions president Delphine Ernotte will officially announce a dissolution of the company on Friday at an internal committee meeting.
Salto was previously owned by a trio of France’s biggest broadcasters - France Télévisions, TF1 and M6.
However, TF1 and M6 exited in November after their planned merger collapsed.
France’s Pure Medias is reporting a planned “cessation of activities” and “dissolution of Salto.”
If Salto were to close, the platform and its 800,000 subscribers would be up for grabs and could be snapped up by another local streamer like Canal+ or Amazon Prime Video.
Earlier this month, Canal+ finalised a deal to buy Orange’s film production arm Orange Studio and pay TV division OCS in an effort to challenge US streaming giants such as Netflix in the territory.
Prime Video has also been stepping up its game in France, announcing last week a new “Warner Pass” on its France platform that will include HBO series as well as 12 channels including Warner TV, Eurosport, Discovery Channel, Cartoon Network and CNN.
Salto was founded in 2020 by France’s leading TV networks as an SVOD that provided a local alternative to Netflix and other major US streamers. It includes content from 19 different channels owned by the groups.
Also on the table is a sale to Spanish company Agile but, according to local media, the deal has fallen through.
Salto told Screen it could not comment on the developing situation for the moment. France Télévisions could not be reached for comment.
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