Satellite service sees lowest-ever losses in '99 at $124.7 mil
PARIS — French satellite platform TPS was $104.5 million in the red in 2000, but cut its losses by 16% from the previous year, the company said Tuesday.The rival to Canal Plus subsid CanalSatellite saw its losses dip to a lowest-ever $124.7 million in 1999. “The figures for last year were on target with our expectations,” a TPS spokesman told Daily Variety. Earlier this year, TPS chief Jacques Espinasse announced 2000 revenues of $328.8 million, up 36%. By the end of 2000, the satellite platform had notched 1 million subscribers and 150,000 subs to its cinema cable channels. TPS is owned jointly by TF1, Suez (a shareholder in private web M6), pubcaster France Television and France Telecom.
Want Entertainment News First? Sign up for Variety Alerts and Newsletters!