Canal+ To Invest At Least $500 Million In French Films Over Three Years Under New Agreement With Guilds

deadline.com:

France’s Canal Group has signed a new agreement with French cinema guilds that calls for an investment of at least €480 million ($503 million) over three years and other measures.

In return, Canal+ and Cine+ OCS – a family of pay-TV networks — will retain its ability to broadcast films as early as six months after theatrical release.

The agreement allows Canal to increase the number of linear film broadcasts and extend the non-linear broadcast period. The renewable three-year deal, which had a rocky path, takes effect retroactively from January 1.

The Canal Group has committed to €150 million in 2025, €160 million in 2026 and €170 million in 2027. The total is down from over €600 over the previous three years.