Canal+ veut racheter les cinémas UGC : les raisons d’une opération historique
On Tue, Sep 2, 2023, Canal+ announced the initiation of exclusive negotiations to acquire a stake in the cinema network UGC. The company is considering a potential takeover by 2028.
On Tue, Sep 2, 2023, Canal+ announced the initiation of exclusive negotiations to acquire a stake in the cinema network UGC. The company is considering a potential takeover by 2028.
According to a statement, Canal+ plans to acquire a minority share in UGC, with the possibility of a full acquisition within three years. No financial details of the transaction have been disclosed.
UGC is a significant player in the French cinema market, operating numerous theaters. The organization also possesses an extensive catalog of films and series. Canal+ aims to leverage this partnership to enhance the growth of Studiocanal, particularly through the strategic alliance with UGC.
On Tue, Sep 2, 2023, Canal+ announced the initiation of exclusive negotiations to acquire a stake in the cinema network UGC.
The acquisition aligns with recent trends where major cinema networks are partnering with media empires to strengthen their market positions. This move follows the investment by CMA-CGM in the French company Pathé.
Canal+ has entered into exclusive negotiations to acquire a stake in UGC. The initial acquisition will be a minority stake, with potential majority control by 2028. This partnership will provide Canal+ with access to a major cinema network and an extensive film and series catalog in France.
D’après Presse-citron.