French streaming platform Salto could shut its service by the end of this week according to reports in the French media.

Salto went live in October 2020 co-owned by French broadcasters, TF1, France Télévisions and M6, but has failed to attract a substantial subscriber base; it currently stands at around 800,000 – far behind the likes of Netflix and Disney+ in the country.

Shareholders at both TF1 and M6 revealed their plans to bail on the service last year after their proposed merger deal was abandoned – whilst France Télévisions has indicated it will follow suit. Delphine Ernotte, the CEO of France Télévisions, will now reportedly call for a dissolution of Salto at a committee meeting scheduled for January 20th.

If the move to shutter Salto goes ahead the platform would go up for sale, with the likes of Amazon, Agile Content and Canal+ already being touted as potential suitors.

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Categories: Articles, Business, M&A, Policy, Regulation, VOD

Tags: Amazon, france, France Télévisions, m6, salto, TF1