Salto, the French streaming service, could live its last days. It seems that the platform is for sale, and has already been let go by two of its biggest shareholders.
A few days ago, France Télévisions, TF1 and M6 met to decide on the future of their Salto platform, which had been struggling since its launch two years ago. France Télévision had tried to leave its shares to TF1 and M6 if the merger was approved, but finally had to keep its place as a shareholder after the marriage was recently definitively abandoned.
According to La Lettre A, a specialized media, the three French media giants have decided to put the streaming platform up for sale. M6 would have already recorded the withdrawal from the capital of the companyvalued at 135 million euros, while TF1 would also be on the way. Only France Television would therefore carry the platform on its shoulders.
Salto could live his last days
If France Télévision finds itself alone with Salto, there is a good chance that the company will also set sail. Everything already led to believe that the national media already wanted get rid of French-style Netflix as quickly as possible.
Delphine Ernotte, president of France Télévisions, explained that she was looking for 45 million euros to complete her group’s 2023 budget, and this is exactly the sum that France Télévisions was supposed to obtain from Salto in the event of marriage. between TF1 and M6.
For the moment, Salto is therefore for sale, but if the platform does not find a buyer, it may well be counting its days. According to The Letter A, Canal+ could well be interested in a takeoverbut we will probably have to wait a few weeks before knowing more.
As a reminder, Canal+ is already about to buy OCS as well as Orange’s cinema activities such as Orange Studio. It is therefore not known whether the media could also afford to buy Salto in stride, and what would happen to the platform. If he were to acquire both platforms, it might be easier for him to merge the two into a single video on demand service.
Source: The Letter A