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Canal+ blames telcos, sports, myCanal for massive workforce cull

Despite claiming the contrary, Canal+ is in total turmoil. Revealing plans to slash 500 workforce positions this week, the French pay TV outfit has dressed up the contentious move to cull 20% of staff as part of a “transformation project” and “rationalization plan” – fanciful and frankly misleading terms which help absolutely no one. The Vivendi-owned group has been visibly exasperated by the changing media landscape for some time now. The realization only seemed to hit home however after Netflix recently surpassed Canal+ for subscribers in France, blasting past 5 million subs. Importantly though, we need to grasp what’s next for Canal+ and how this “transformation” will impact the market. For the moment, Canal+ has outlined a roadmap prioritizing international…

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