Canal+ warns VAT increase could cost €200m a year

Canal Plus says France's proposed television subscription tax change could cost the group as much as two hundred million euros annually.

“Canal Plus says France's proposed television subscription tax change could cost the group as much as two hundred million euros annually. The proposal would double VAT on television subscriptions, creating a direct margin shock that Canal Plus says it cannot absorb. Higher bills could accelerate cancellations while weakening investment in French programming, sports rights and the distribution ecosystem surrounding pay television. For policymakers, the test is whether extra tax revenue outweighs the risk of shrinking subscriptions and reducing domestic content spending.”