You will be redirected back to your article in seconds

TPS shrinks flow of red ink

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.

More Biz

  • Ryan Kavanaugh

    Relativity Media Sale to UltraV Holdings Approved By Bankruptcy Judge

    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 […]

  • Music Streaming Revenue placeholder

    Fraud Has Become the Latest Hurdle for Music Streaming

    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 […]

  • Transformers Bumblebee Superhero Girl

    Hasbro and DC Comics Settle 'Bumblebee' Trademark Dispute

    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 […]

  • David Nevins, President & CEO of

    Listen: Showtime's David Nevins on How Streaming Has Changed the Game

    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 […]

  • Ajit Pai FCC

    Why a Few Derailments Won't Stop the Media Merger Train

    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 […]

  • Amazon Music Names Andre Stapleton Head

    Amazon Music Names Andre Stapleton Head of U.S. Label Relations

    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 […]

More From Our Brands

Access exclusive content