Vivendi's Canal+ has agreed a deal to add Netflix subscriptions to TV bundl...
PARIS - Vivendi’s Canal+ has agreed a deal to add Netflix subscriptions to TV bundles in France and elsewhere, the French broadcaster said on Monday, in the latest such alliance to counter pressure from streaming giants.
Pay-TV groups have been squeezed globally as viewers switch to online video platforms that often offer cheaper packages and churn out original productions. Netflix, with a string of hit shows such as “The Crown” and “Stranger Things”, has been leader of the streaming pack. Canal+ has suffered after losing some soccer broadcasting rights in recent years and is still losing subscribers despite producing critically acclaimed series such as “The New Pope” alongside Sky and HBO.
Yet Netflix, too, is under pressure, with Apple Inc launching its own streaming service in November and Walt Disney joining the fray with Disney Plus.
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