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Canal+ confirms management shake-up

September 3, 2015 10.12 Europe/London By Julian Clover

VINCENT_BOLLORE_DECEMBRE_2012A meeting of the Canal+ Group Supervisory Board has confirmed Vincent Bolloré as its new chairman.

The billionaire chairman of Vivendi replaces Arnaud de Puyfontaine. Bertrand Meheut has been ousted as President of Canal+ Group by Jean-Christophe Thiery, the current head of Bolloré Media.

Maxime Saada continues as the Chief Executive Officer and Mehut – who has been in post for 13 years – will continue as a special advisor

Such changes will make clear the authority of both Bolloré and Vivendi over the French pay-TV operation.

The moves come from a position of strength; Vivendi posted ‘satisfactory’ results, but Canal was ahead of expectations.

The Group saw a 2.5% increase in revenues at €2,734 million, compared to the first half of 2014.

Canal+ Group had a total of 15.3 million subscriptions, a year-on-year increase of 176,000, due to the strong performance of Canal+ in Africa and Vietnam, and of the Canalplay streaming service in mainland France.

Revenues from pay-TV operations in mainland France fell slightly year-on-year.

International pay-TV revenues were up 9.1% compared to the first half of 2014, thanks to continued growth in the subscriber base.

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Filed Under: Editor's Choice, Finance, Newsline Tagged With: Canal+, Vincent Bolloré Edited: 4 September 2015 10:07

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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