June 15, 2018 / 6:25 AM / a year ago

Public and private French TV channels to launch Netflix rival

PARIS, June 15 (Reuters) - France’s public TV broadcaster is joining forces with private rivals TF1 and M6 to launch a video-on-demand platform in a bid to compete with the likes of U.S. online video giant Netflix.

“This joint platform aims to spread French and European creation more actively,” the French groups said in a statement.

The three groups will each own a third of the platform, called Salto. They did not disclose a date for the launch. (Reporting by Michel Rose; Editing by Brian Love)

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