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Canal+ Group Gets Anti-Trust Approval to Acquire French Pay TV Group OCS and Orange Studio, Under Certain Conditions
Canal+ Group has received the conditional approval from the anti-trust board to acquire Orange Studio and OCS from France’s leading telco group.
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. Netflix, Amazon Prime Video and Disney+ are bound to play a larger role due to their investment obligations in local content, but the anti-trust said in its decision that “subscription-based streaming services don’t represent real and potentially sufficient alternatives to (Canal+ and OCS), notably in terms of diversity.” Canal+ Group, whose parent company is Vivendi, already owns 33.3% of OCS, the pay-TV arm of Orange, and has been distributing the service on its platform as part of its cable bundle since 2011.
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