Canal+ Seals Landmark Pact to Invest Nearly $1.1 Billion in French and European Films

First publishedJul 27, 20:45 UTC

Last updatedJul 28, 01:39 UTC · 6m ago

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Variety6Canal+ Seals Landmark Pact to Invest Nearly $1.1 Billion in French and European FilmsJul 27, 20:45 UTCOpen ↗

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Canal+ has reached a five-year deal with French cinema organizations which will see the pay-TV powerhouse invest nearly €1 billion ($1.1 billion) in French and European films between 2028 and 2032. Canal+ Chairman and CEO Maxime Saada announced the deal in a post on X, describing the agreement as “historic,” reaffirming Canal+’s position as the leading partner of the French and European film industries. “French cinema, the most dynamic in Europe and among the world’s leading film industries, deserves to be supported, financed and championed,” Saada wrote, adding that Canal+, which has backed the sector for more than 40 years, would continue to do so “with pride.” It’s an improvement from the latest three-year agreement which saw Canal+ committing to investing €480 million from 2025 to 2027. The amount also integrates obligations tied to OCS, a formerly rival pay TV group which Canal+ bought in 2023.

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  Canal+ Seals Landmark Pact to Invest Nearly $1.1 Billion in French and European Films

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  VarietyJul 27, 20:45

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