×
You will be redirected back to your article in seconds

Canal Plus Renews Funding Agreement With French Film Industry

Leading French pay-TV group Canal Plus has renewed its contract with French film guilds to invest up to €180 million ($205 million) per year in local and European movies from 2019 to 2023.

The Vivendi-owned French paybox agreed to invest whichever is the greater of two amounts: 12.5% of annual revenue, or between €2.38 ($2.70) and €3.61 ($4.10) per subscriber (depending on the subscriber package).  The maximum investment will be capped at $205 million per year – the first time a cap has been put in place.

Although the amount of Canal Plus’ investment has fallen over the past few years – from €211 million in 2013 to an all-time low of €142 million ($240.4 million) last year – because of declining revenues, it’s still one of the biggest commitments of any European broadcaster to funding local movies.

In addition, Studiocanal, the film and TV division of Canal Plus, will now be allowed to produce, in house, four feature films per year. Nicolas Dumont and Dominique Farrugia will head the new production business. Earlier this year, Canal Plus also announced the launch of an in-house TV production division.

The agreement was greenlit Tuesday, then signed Thursday by Maxime Saada, Canal Plus Group’s CEO and chairman; France’s new culture minister, Franck Riester; and several French film organizations.

The deal also clears the way for new windowing regulations – long in the making – to be passed. The regulations will set the pay-TV window at between six and eight months after a film’s theatrical release (compared with the current 10 to 12 months). Other changes include the transactional VOD window, which will be set at between three and four months and which will no longer be interrupted by the pay-TV airing.

SVOD services such as Netflix and Amazon, meanwhile, will have access to films 15 to 17 months after their theatrical roll-out if they invest in French production. Otherwise, their window will remain set at 36 months.

The new regulations should take effect starting Jan. 1.

More Film

  • Fox Searchlight logo

    Film News Roundup: Fox Searchlight Launches Searchlight Shorts

    In today’s film news roundup, Fox Searchlight starts a shorts channel, Uma Thurman signs with ICM and Miramax signs animation exec Michael Lachance. SEARCHLIGHT SHORTS Fox Searchlight Pictures’ chairmen Nancy Utley and Stephen Gilula have announced the launch of “Searchlight Shorts” as a collection of short films. The shorts are available on Fox Searchlight’s YouTube [...]

  • ImMature - cr: MX Player

    Indian Streamers Ramp up Original Productions

    Ever since global streaming giants Amazon Prime Video and Netflix entered the Indian OTT space in 2016, the conversation around original series has mostly revolved around them, thanks in part to market leader 21st Century Fox’s Hotstar’s circumspect attitude at the time about producing content. Netflix had great success with “Sacred Games,” while Amazon rode [...]

  • WGA Agents Contract Tug of War

    Hollywood Agents, Writers Guild Make Little Progress in Talks

    Leaders of Hollywood agencies and the Writers Guild of America made little progress in Tuesday meeting to negotiate proposed rule revisions to how agents represent writers. The WGA said after the meeting — the fifth since Feb. 5 — that talks would resume later this week but did not give a specific day. “The Agencies [...]

  • Village Rockstars

    Female Filmmakers Are a Growing Voice in India

    The Indian film industry has historically been a male-dominated one, but the winds of change are blowing across the country, albeit slowly. Better-served than the rest of the country is the Mumbai-based Hindi-language industry, where there are several active female filmmakers including Zoya Akhtar (“Gully Boy”), Reema Kagti (“Gold”), Leena Yadav (“Rajma Chawal”), Gauri Shinde [...]

  • Florence Pugh

    Scarlett Johansson's 'Black Widow' Movie Adds Florence Pugh

    “Black Widow’s” web may soon be growing. Sources tell Variety that Florence Pugh is in talks to join Scarlett Johansson’s standalone superhero film. Pugh has been on the hot list for this second lead role since last fall, but Marvel wanted to open up the field to other actresses at the beginning of the year. [...]

  • Mira Lesmana Sets up Indonesia Remake

    Mira Lesmana Sets Up Indonesian Remake of CJ's 'Sunny'

    Indonesia’s Miles Film and Korea’s CJ Entertainment are to co-produce an Indonesian remake of Korean hit “Sunny.” The film is a female-driven dramedy about a group of adult friends who reunite 20 years after high school. Directed by Kang Hyoung-chul, “Sunny” was one of the highest-grossing movies in Korea when it was released in 2011. [...]

More From Our Brands

Access exclusive content