Salto lasted two years.
The subscription video-on-demand platform of TF1, M6 and France Télévisions is close to liquidation.
The subsidiary of the Bouygues group exercised its right of withdrawal, as allowed by the shareholders' agreement.
M6 had to follow, considering that a publisher alone could hardly break into the SVOD market.
France Télévisions had already considered selling its shares last spring to avoid being marginalized in the event of a merger between the two private groups.
And, while he's looking for savings, he wasn't going to put money back in the pot on his own.
According to Puremédias, the public audiovisual group will act on the cessation of Salto's activities during an extraordinary central social and economic committee (CSE) this Friday.
“
A formal step among the various avenues under study.
We are still looking to find a recovery solution, ”
said a spokesperson for France Télévisions.
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