It looks like the end of the road for Salto, the French streamer backed by the country’s major broadcasters. Media outlets in France are reporting the troubled SVOD service – a joint venture of TF1, M6 and France Télévisions – will be closed on Friday.
The two-year-old streamer has failed to take off with audiences and its subscriber base lags way behind rivals such as Netflix.
Salto’s future has been in the balance since November, when it emerged it could be sold off or shut down. The latter option appears to have won, with France Télévisions CEO Delphine Ernotte set to enact a “cessation of activities” and “dissolution” of the company at an extraordinary committee meeting on Friday.
A report on local media site Puremedia claims a Spanish company named Agile had explored a takeover but could not come to an agreement with shareholders.
Read more on deadline.com
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