Vivendi reorganises Canal+ management in effort to control costs

Vivendi-owned Canal+ has reorganised its executive ranks in an effort, it said, to keep better control of costs.

Vivendi bosses recently said that Canal+ cannot continue to bleed red ink after four consecutive years of losses.

Today Canal+ said that “in order to better control costs and control the income statement of its pay-TV operations in France” Gérald-Brice Viret will become director of Canal+.

Jean-Marc Juramie becomes director of the CanalSat DTH operation.

Rivet joined Canal+ last year, joining from Lagardere where he had been running the Gulli kids channel.

Before that he was at the NRJ channels group. He will continue in his previous role as MD of channels, as well as taking on new responsibilities at Canal+. He reports to Canal+ chief Maxime Saada.

Juramie has been at Canal+ for over a decade, joining the pay TV operation from Numericable in 2005. He will report to Frank Cadoret in his new role.