Canal+ Group Gets Anti-Trust Approval to Acquire French Pay TV Group OCS and Orange Studio, Under Certain Conditions
variety.comElsa Keslassy International Correspondent With great power comes great responsibility. Canal+ Group has received the conditional approval from the anti-trust board to acquire Orange Studio and OCS, the film and pay TV operations of Orange, France’s leading telco group.
Canal+ has committed to a number of remedies for an initial duration of five years in order to get the regulatory green light and address concentration concerns.
The acquisition of OCS by Canal+ could have large ramifications on the local film industry because both players represent the top two sources of pre-financing for French movies.
Canal+ is currently on a three-year deal (until the end of 2024) with film guilds to invest an average of €200 million per year in French and European cinema.
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