Canal Plus wants to federate its different national Web sites in order to provide a pan-European market for e-commerce and advertising.
Published:
29 August 1999 y., Sunday
French paybox Canal Plus will set up an Internet subsidiary called Canal New Media in September and is looking for partners before floating the company on the Paris stock exchange. Canal Plus chairman Pierre Lescure announced the creation of the subsidiary at the Communication University media gathering outside Bordeaux on Thursday. He said Canal New Media will be headed by Alex Berger, who has been Lescure_s chief adviser for several years. Canal Plus launched its own Web site, cplus.fr, four years ago and is also partnered with its main backer, Vivendi, as majority shareholders in Internet access provider AOL France. With pay TV outlets in 11 countries, Canal Plus now wants to federate its different national Web sites in order to provide a pan-European market for e-commerce and advertising. Based in Paris, Canal New Media will coordinate the group_s online businesses. News of the upcoming launch comes amid increased speculation that the French giant is about to announce new partners in its Italian subsid Telepiu. Canal Plus owns 99% of Telepiu, although Italian pubcaster RAI has an option to take 10%. Unconfirmed reports suggest Canal Plus international senior exec VP Michel Thoulouze, is about to announce that a collection of Italian electricity, telecom and institutional companies are ready to acquire around 40% of Telepiu. Analysts have been expecting the move for several months. Canal Plus_ three-year financial plan calls for breakeven this year and a return to profits of around $160 million in 2000.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
According to the council's report, ATM-skimming fraud, which involves illicitly copying ATM card information stored on magnetic stripes, is increasing in Europe.
more »
Building on the success of the recent HP TouchSmart PC for the home, HP today introduced the market’s first all-in-one, touch-enabled desktop PC for businesses.
more »
Microsoft Corp. Chief Executive Officer Steve Ballmer announced the beta availability of the Windows 7 operating system as well as the availability of the latest version of the Windows Live, a suite of personal communications services and applications.
more »
Cash-cycle management, branch optimization, sales/marketing consultation and automation, automated checkout and managed services are expected highlights for January's Wincor World 2009.
more »
We all need to better understand the media we are touched by daily, especially the young, says Austrian Socialist Christa Prets. MEPs backed her report on “media literacy in a digital world” on Tuesday.
more »
Since October, readers of the European Parliament's web pages have had access to RSS, which allows them to keep up-to-date with what is going on via a free subscription.
more »
Fox and Motorola collaboration results in first all-HD programming distribution strategy.
more »
Wincor Nixdorf has won a contract to integrate its cash management solution, consisting of staff-assisted self-service terminals, software and comprehensive services, in the checkout zones and IT operations of Shell Deutschland’s 1,300 service stations.
more »
The role that the internet can play in parliamentary democracy was explored this week when 400 people gathered in Brussels for the annual “e-Parliament conference”.
more »
The EU’s new digital library brings vast treasure trove of historical documents, rare and valuable manuscripts and exquisite cultural artefacts to your desk.
more »