3rd Mar 2025 20:05
(Alliance News) - Canal+ SA on Monday pledged to invest EUR480 million over three years into French cinema.
The Paris-based media and telecommunications conglomerate said the investment would be split between EUR150 million in 2025, EUR160 million in 2026 and EUR170 million in 2027.
The agreement concerns Canal+ and Cine + OCS and allows them to broadcast films as early as six months after their release. It takes effect retroactively from January 1 for a period of 3 years and is renewable.
Canal+ is also increasing its commitment to diversity films - films with a budget less than EUR4 million.
Shares in Canal+ closed down slightly at 173.95 pence each in London on Monday.
By Jeremy Cutler, Alliance News reporter
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