TV Numeric makes offer to new shareholders

Pascale Paoli-Lebailly ©RapidTVNews | 24-04-2012

Independent pay-DTT distributor TV Numeric is planning an issue to new shareholders before launching its SelecTV VOD DTT services.
According to reports in the French press, the operation is expected to be wrapped up before the end of the coming summer.
The failure of pay DTT in France, which line-up is now limited to five channels for €10/month—including Paris Premičre, LCI, Plančte, TF6 and Eurosport—and doesn’t attract more than 100,000 subs, also explains why Hugues d’Annoux, TV Numeric’s main shareholder, is talking with potential industrial or financial investors.
The company is currently owned by d’Annoux (91%) and UK Topup TV group at 9 %. The UK distributor merged its TNTop pay DTT distribution activities in France with TV Numeric in 2010.
Officially announced for the end of last year, SelecTV’s commercial launch has successively been postponed to first this Spring and now to the end of 2012. The VOD service is set to propose two offers: a €10 subscription fee to get series, movies and documentaries, and a rental formula for on-demand movies.