Elsa Keslassy International Correspondent France’s leading pay TV banner Canal+ Group has signed an agreement with local film guilds to invest at least €480 million ($503 million) in French films over the next three years.
The agreement comes alongside a pact allowing Canal+ to keep its access to movies at six months after their theatrical release.
It took months of intense – if not rocky — negotiations with local guilds (including BLIC, BLOC and ARP) for Canal+ to reach this accord.
Under the previous agreement that came to an end last December, Canal+ injected €600 million ($630 million) from 2022 to 2024.
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