Red button for Salto, France鈥檚 answer to Netflix
The French streaming service broadcast for the last time on Monday (March 27)
Subscribers have been offered a year鈥檚 free pass with a former rival of Salto
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A streaming service viewed as France鈥檚 answer to Netflix closed down this week after fewer than three years in operation.
Salto was created in October 2020 in a collaboration between three channels: France T茅l茅visions, TF1 and M6.
Billed as being a Gallic alternative to the likes of Netflix, it reported a deficit of 鈧�85.6 million in 2022.
Its fate was sealed last September when a merger between TF1 and M6 - which would have taken control of the platform - failed.
The three channels then decided to pull the plug on the venture, announcing its closure in February.
The platform broadcast for the last time on Monday (March 27).
Salto鈥檚 shareholders said 鈥渢he complex and constrained governance of the alliance鈥� between the three networks was a key reason for the platform鈥檚 failure.
They also criticised the wider French on-demand sector, speaking of 鈥�(the) refusal of most internet service providers to distribute the platform like the American platforms鈥�.
Salto subscribers will receive refunds and former competitor Molotov has brazenly offered them a year鈥檚 free pass to their service.
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