9/16/2019, 4:39 PM (Source: TeleTrader)
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Canal+ announces deal with Netflix

French pay-TV company Canal+ will offer Netflix movies and series to its subscribers in an attempt to stay competitive with online streaming services.

Netflix-produced shows will be included in the new Canal+ TV packages from October 15, as the companies stated on Monday. Netflix Inc. started providing services in France five years ago and has overtaken Canal+ in March, with 6 million subscribers compared to Canal+'s 4.6 million.

Canal+ reported a decline in revenues in the first six months of 2019.

Breaking the News / MS