Canalplay boost for Canal+ Group

May 16, 2014 10.29 Europe/London By Julian Clover

canalplay-playstationThe popularity of Canalplay has helped Canal+ Group grow first quarter revenues by 2.4%. The video on demand service, available throughout France, contributed to a growth in subscriptions of 250,000.

The total number of subscriptions now stands at 14.6 million, including the French dependencies, and Africa and Vietnam that have performed particularly wel.

Revenues from Canal+ and Canalsat in mainland France remained relatively stable excluding the VAT increase from 7% to 10% on January 1, 2014.

Free-to-Air channels advertising revenues grew thanks to an increase in D8s audience.

EBITA was 175 million, compared to 183 million at the end of March 2013, largely attributable to an additional day of French Ligue 1 football.