Vivendi’s pay-TV Canal Plus to cut 500 jobs in France – Les Jours
PARIS (Reuters) - Vivendi's pay-TV Canal Plus plans to cut 500 jobs in France, or nearly 18 percent of its staff in the country, through voluntary departures, French news website Les Jours reported on Thursday. The French media giant's division has been losing subscribers in its home country as it faces the competition of streaming platform Netflix and Qatar-controlled beIN Sports. The group, which built its reputation of broadcasting major soccer matches, also suffered a heavy blow last year when it ended up empty-handed in a crucial soccer rights auction in France, beaten by Spain's Mediapro.
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