You will be redirected back to your article in seconds

CanalSatellite may top 1.4 million

Digital platform reoprts estimated $418 mil in revs

PARIS — Bruno Delecour, president of the French digital platform CanalSatellite, Thursday pronounced 1999 “a vintage year,” estimating revenue of some 3.2 billion francs ($418 million).

Delecour told the economic daily Le Figaro that by the end of the year, subscriptions to Canal Plus’ satellite service were expected to top the 1.4 million mark.

He gave no details, however, on profits. CanalSatellite reported losses of $103 million in 1997 and $72 million in 1998. It is expected to break even in 1999.

CanalSatellite launched its analog service in 1992, switching to digital in 1996 in a move that many wrongly predicted would damage Canal Plus’ core pay TV service. Instead, Canal Plus’ pay TV channel today has close to 4.6 million subscribers, Delecour said Thursday.

Along with other French TV groups, Canal Plus has recently seen its share price rocket as the market predicts a rosy future for the sector.

But CanalSatellite faces keen competition from smaller rival digital platform Television Par Satellite, with 800,000 subscribers.

More Biz

  • Harvey Weinstein ousted

    Weinstein Co. Adds Board Member to Navigate Bankruptcy Sale

    PARIS — Bruno Delecour, president of the French digital platform CanalSatellite, Thursday pronounced 1999 “a vintage year,” estimating revenue of some 3.2 billion francs ($418 million). Delecour told the economic daily Le Figaro that by the end of the year, subscriptions to Canal Plus’ satellite service were expected to top the 1.4 million mark. He […]

  • Allison Mack

    'Smallville' Actress Allison Mack Arrested in Sex Cult Case

    PARIS — Bruno Delecour, president of the French digital platform CanalSatellite, Thursday pronounced 1999 “a vintage year,” estimating revenue of some 3.2 billion francs ($418 million). Delecour told the economic daily Le Figaro that by the end of the year, subscriptions to Canal Plus’ satellite service were expected to top the 1.4 million mark. He […]

  • Harvey Weinstein

    Harvey Weinstein Still Seeking His Emails to Combat Sexual Assault Claims

    PARIS — Bruno Delecour, president of the French digital platform CanalSatellite, Thursday pronounced 1999 “a vintage year,” estimating revenue of some 3.2 billion francs ($418 million). Delecour told the economic daily Le Figaro that by the end of the year, subscriptions to Canal Plus’ satellite service were expected to top the 1.4 million mark. He […]

  • ynon-kreiz

    Media Exec Ynon Kreiz Named CEO of Mattel

    PARIS — Bruno Delecour, president of the French digital platform CanalSatellite, Thursday pronounced 1999 “a vintage year,” estimating revenue of some 3.2 billion francs ($418 million). Delecour told the economic daily Le Figaro that by the end of the year, subscriptions to Canal Plus’ satellite service were expected to top the 1.4 million mark. He […]

  • courtney braun

    Courtney Braun Named Head of Legal Affairs for Endeavor

    PARIS — Bruno Delecour, president of the French digital platform CanalSatellite, Thursday pronounced 1999 “a vintage year,” estimating revenue of some 3.2 billion francs ($418 million). Delecour told the economic daily Le Figaro that by the end of the year, subscriptions to Canal Plus’ satellite service were expected to top the 1.4 million mark. He […]

  • Randall Stephenson

    AT&T-Time Warner Trial: Randall Stephenson Takes Stand and Defends Merger

    PARIS — Bruno Delecour, president of the French digital platform CanalSatellite, Thursday pronounced 1999 “a vintage year,” estimating revenue of some 3.2 billion francs ($418 million). Delecour told the economic daily Le Figaro that by the end of the year, subscriptions to Canal Plus’ satellite service were expected to top the 1.4 million mark. He […]

More From Our Brands

Access exclusive content