French broadcasters form alliance to counter advance of Netflix

France's state-owned public service network France Télévisions is joining forces with main private network TF1 and also M6, the country’s most profitable private channel, to launch a subscription service next year called Salto, offering a back catalogue of French TV shows and original content in response to the growing success of US video entertainment giant Netflix, which has attracted 3.5 million subscribers in France.

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France has long defended its ‘exception culturelle'  with subsidies, quotas and tax breaks to protect French films, music and television from the ravages of a market economy, reports The Telegraph.