Vivendi Universal and Lagardère today announced an agreement under which Lagardere will take a 20% stake in Canal Plus. Lagardère currently owns 34% of CanalSat, the satellite television operator controlled by Canal Plus, which is in turn controlled by Vivendi. In December, Vivendi announced that it planned to merge Canal Plus with TPS, the smaller rival to CanalSat.
How's that for confusing. What it all boils down to is that in any single country within the European market there is only really room for one cable and one satellite TV provider. The scale just isn't there for two to both profitably survive long term. The UK and Italy have already gone through this - with Sky as the dominant winner. Now France gets to follow.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment