French Broadcaster Canal+ Signs over $1 Billion Cinema Deal
The five-year deal covers Canal+, Cine+ and OCS and lets subscribers watch films six months after theaters release them.
- On Monday, French broadcaster Canal+ signed a five-year agreement to invest €980 million in French and European cinema starting in 2028, marking its largest ever commitment to the industry.
- The agreement follows recent tensions between Canal+ and France's film community over largest shareholder Vincent Bollore's influence; in May, roughly 600 professionals signed a petition criticizing his media holdings.
- Covering Canal+ and Cine+ OCS channels, the deal allows subscribers to access French, European, and international films just six months after theatrical release, marking an unprecedented broadcaster-film industry agreement.
- Canal+ CEO Maxime Saada said the investment reaffirms support for "cinema, its power, creativity, and diversity," underscoring the company's commitment to the cultural sector.
- Operating in more than 70 countries with about 15,000 employees and over 40 million subscribers globally, Canal+ positions this deal as a long-term stabilization effort within Europe's cultural sector.
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ledauphine.com
The organizations of the film industry have signed an agreement with Canal+ which guarantees funding over five years. However, the boss of the Maxime Saada group has confirmed his position on the signatories of the anti-Bolloré petition.
His boss said he "does not forget anything" after a rostrum torpedoing conservative billionaire Vincent Bolloré.
This agreement, which foresees that his company will invest 980 million euros between 2028 and 2032 in French and European cinema, was concluded a few weeks after a lively controversy which sparked the Cannes Film Festival in May. After a rostrum denouncing "the growing grip of the far right" in the 7th art, which targeted the conservative billionaire Vincent Bolloré, a reference shareholder of Canal+, Maxime Saada had affirmed that his group no…
According to the agreement announced on Monday, the chain of Vincent Bolloré commits to invest 980 million euros between 2028 and 2032. The distribution per year of this envelope of nearly 1 billion euros has not been specified.
Le Parisien
INTELLINEWS
The private channel will invest nearly one billion euros in French and European cinema in five years.
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