Canal+ chief executive Bertrand Meheut has said former TPS shareholders TF1 and M6 could withdraw from the pay-TV company within the next three years. Meheut told the French daily Le Figaro that Vivendi is prepared to consider taking its shareholding up to 100% should the other partners pull out. The French commercial networks TF1 hold 10% and 5% respectively. Meheut says Vivendi believes the pay-TV company to have very strong growth prospects.
Meheut confirmed that the media conglomerate Lagardere, which currently holds 20% of Canal Plus France, has the option to increase its take to 34% or withdraw from the company altogether.