Get the latest gossip
Canal+ To Invest At Least $500 Million In French Films Over Three Years Under New Agreement With Guilds
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. Canal, a critical partner for the French film industry, is also boosting its commitment to smaller productions with a budget of less than €4 million, and will continue to promote and showcase all types of film from popular comedies and blockbusters to genre, animation and auteur projects. Cinema is the primary motivation for CANAL+ subscriptions, and the group is proud to perpetuate its central role in the creative ecosystem and in preserving the French cultural exceptionalism.”
Or read this on Deadline