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 »
Confirming rumors that surfaced over the weekend, Apple has started selling the unlocked version of the iPhone 4 in Apple Retail stores.
more »
You didn’t expect Anonymous to take the recent Spanish police action against them lying down, did you?
more »
The era of foldable touch screens is rapidly approaching, with scientists in Taiwan leading the charge to develop computer and cell phone screens that can folded away or rolled up for storage.
more »
During the exibition „Technology Open House 2011“ japanese creators of technologies presented the automatic system, which can translate words into the finger language.
more »
China has warned Google that its business could suffer if it continues to suggest that Chinese spies have been targeting the emails of United States' officials.
more »
South Korea is showing off what it says is the world's first totally eco-friendly business building, a structure that emits zero carbon and uses only renewable energy.
more »
Facebook founder Mark Zuckerberg has said that an alleged contract and e-mails that a New York man claims entitle him to a 50% stake in the social networking site are "forgeries".
more »
The growing popularity of tablets has seen many new players enter the market.
more »
Anthony Weiner, a Democratic congressman, has claimed his Twitter account was hacked after a photograph of a bulging pair of underpants was sent to a follower. Here are some of the most memorable social networking 'hacks'...
more »
Hace China have compromised personal e-mail accounts of hundreds of top US officials, military personnel and journalists, Google has said.
more »