Canal+ warns proposed French VAT hike on TV subscriptions to 20% may cut revenue, margin by EUR 200 million a year

• Proposed French VAT change would lift the rate on TV subscriptions to 20% from 10% in mainland France.
• Plan would also quadruple VAT on TV subscriptions in France’s overseas territories.
• Canal+ estimates a potential hit of up to EUR 200 million a year to revenue and operating margin.
• Group signaled possible price increases, job cuts, and reduced funding for film and sports if the measure passes.
• Canal+ warned it may accelerate international expansion in response to pressure in its home market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canal+ SA published the original content used to generate this news brief on October 01, 2026, and is solely responsible for the information contained therein.