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Canal+ Enters Negotiations To Acquire Minority Stake In UGC With Option To Buy French Cinema Group Outright In 2028
Canal+ plans to expand its influence in French cinema through acquiring a 34% stake in UGC, with potential full control from 2028, pending shareholder agreement.
- On Tuesday, Canal+ Group said it had entered exclusive negotiations to acquire a 34% minority stake in UGC, with an option to take full control from 2028.
- The deal reflects Canal+'s push to expand StudioCanal, with CEO Maxime Saada saying the move accelerates StudioCanal's growth and reinforces commitment to theatrical cinema.
- Canal+ operates in 52 countries with over 27 million subscribers, StudioCanal produces around 200 films annually, and UGC's cinema chain of 55 theaters includes the flagship UGC Ciné Cité Les Halles in Paris.
- Approval and consultations with shareholders and staff representatives will shape the next steps, as the deal requires consultation with employee representative bodies and faces competition from bidders including Xavier Niel's holding.
- The UGC talks come as part of Canal+'s recent expansion strategy, following moves like increasing its stake in Viu to 37.2 and pursuing a takeover of MultiChoice, highlighting UGC's long industry role since 1946.
28 Articles
28 Articles
Before a possible takeover in 2028, the Canal+ group, led by Vincent Bolloré, launched exclusive negotiations to enter the capital of UGC, displaying a little more its ambitions to weigh in the cinema.
Canal+ Enters Exclusive Talks to Buy Minority Stake in French Film Studio UGC That Operates Leading Cinema Chain
Canal+ group has entered into exclusive negotiations to buy a minority stake in UGC, a film studio that operates one of France's top cinema chains.
The group reported this Tuesday, September 2nd being in "exclusive negotiations" to enter the capital of the cinema network with the aim of a "possibly takeover" in 2028.
The audiovisual group announced that it had entered into "exclusive negotiations" to become a minority shareholder of the UGC, initially, before taking control of it.
The details were revealed this Tuesday night. ...
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