Canal+ Group increases stake in Viu to 36.8%
An additional investment, at Canal+’s discretion, could elevate its ownership stake in Viu to a majority of 51%.
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An additional investment, at Canal+’s discretion, could elevate its ownership stake in Viu to a majority of 51%.
The joint announcement issued by the two companies puts the value of Multichoice at around $3bn.
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As per the terms outlined in the agreement dated April 8, Canal+ retained the privilege to pursue additional acquisitions of shares.
The combined company will have a presence in both the French and English-speaking markets.
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Canal+ also recently increased its stake in the group to over 35% from 31.7%.
Canal+'s investment in Viu currently stands at approximately $300m, with the option to increase its stake to 50% retained.
MultiChoice initially announced its agreement on a settlement with the Nigerian Federal Inland Revenue Service in March 2022.
Canal+ is currently the largest shareholder in MultiChoice with a 31.67% stake.
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Canal+ is set to broadcast two matches per week, with highlights also integrated into its broader sports programming, including 'Canal Football Club'.
Canal+ is to pay $200m for an initial 26.1% stake in Viu and will make a total staggered investment of $300m.
Canal+ has been the largest shareholder in MultiChoice, owner of pay-television broadcasters SuperSport and DStv, since September 2021.
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Ahead of the 2021/22 season, the Professional Football League has awarded Amazon the majority of broadcast rights to France’s top-flight soccer competition for three seasons.
Under Banijay, MoviePlus Productions will retain its identity, and continue to be operated by founding CEO David Mandil.
The festival will open with Shekhar Kapur’s romantic comedy ‘What's Love Got to Do With It?’ and conclude with 'Valley Road' by Saudi director Khaled Fahd.
In order to expand the reach of their content in the region, both companies aim to leverage the strengths and market presence of the other.
Last September, Canal+ agreed to buy a 70% majority stake in SPI International while keeping the current management team and operational structure in place.
M6 International is available in open access to all HOT customers until March 15, 2022.
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Thema will use Amagi Cloudport and Amagi Planner to manage and distribute media assets.
Bibas is replacing Canal+ drama head Fabrice de la Patellière, who is shifting to a production role at Canal+ subsidiary StudioCanal.
According to the report, Multichoice will continue to lead with 20.8m subscribers expected by 2027.
AUB and Canal+ discuss the issue of piracy ahead of the upcoming Africa Cup of Nations.
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A selection of programmes from the channels will also be available on the VOD platform.
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Farhi, who founded SPI almost three decades ago, will continue to manage the business alongside CEO Berk Uziyel.
The agreement was facilitated and closed by Thema, a Canal+ group company and distributor of thematic and multicultural content.
BeIN Sports is seeking to make Canal+ respect the agreement and pay for the broadcast of the two Ligue 1 matches each week.
FightBox will be offered in the English language and will be available to Canal+ subscribers in the basic Desta package.
As part of this multi-year agreement, Canal+ will air the competition in French for the next three seasons in sub-Saharan Africa, Madagascar and Mauritius.
Allente is offering recently revamped Paramount Plus with content from Showtime, CBS, Nickelodeon, MTV, Paramount Studios and Comedy Central.
With the launch of its international flagship in the UAE, the M6 Group significantly strengthens its international presence, notably in the Middle East.
The partnership also includes a close marketing collaboration between both groups, with a focus on digital activities.
Alduy is the latest senior hire at France Television after Diego Buñuel, who came from Netflix, where he served as head of documentaries.
The streamer will be made available to all Canal+ Series subscribers at no extra cost.
While this is the first Kenyan Showmax Original, it is not the first foray into original Kenyan content for the MultiChoice Group, Showmax’s parent company.
NAGRA Protect and Guard solutions offer both card-based and cardless content protection and meet stringent studio requirements for premium 4K Ultra HD and early release content.
Adjusted EBITDA of $1bn representing 62.6% margin with recurring operating expenses was reduced 3.7% year-on-year.
Multichoice confirmed the stake in a stock market filing but said it does not comment on individual shareholder relationships.
The acquisition represents the first run for both series in this region.
This follows CANAL+ Group’s move to reinforce its English-speaking channel proposition within its pay-TV offer and footprint in the country.
While Rotana Comedy is now available to all Arab audiences via satellite during Ramadan, Rotana Kids is available to watch on all Rotana.net platforms.
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Marc-Antoine d’Halluin, who served as CEO of OSN from 2006-2010, will join MBC Group from January 5, 2020.
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