French pay-TV giant Canal Plus Group and major telecom operator Orange have signed a memorandum of understanding under which Canal will acquire Orange’s OCS pay channel package as well as Ora…
France's Wild Bunch International, Studiocanal UK Go To Battle In U.K. Courts Over Studio Ghibli Rights
The two Orange subsidiaries were created in 2007 and 2008, respectively. Since then, competition has intensified with the emergence of powerful international platforms. While OCS had a significant agreement with HBO to broadcast its series in France, it is now losing that content with HBO Max preparing to launch in the market.
Canal has been a 33.34% stakeholder since 2012 and the leading distributor of OCS, so discussions between the two partners were a natural progression, the companies said in a statement today. As a major film and television studio in Europe,No timeline was provided for the transaction which will be subject to a consultation period for employee representative bodies. France’s competition authorities will also be notified.
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