×
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

  • Alibaba Expands Film Investment, Loans $100

    Alibaba Expands Film Investment Plan, Loans $100 Million to Huayi Bros.

    Alibaba Pictures Group, the film business arm of Chinese e-commerce giant Alibaba, has struck a strategic co-operation deal with leading film studio Huayi Brothers. The deal terms include a $103 million (RMB700 million) loan to Huayi. Alibaba Pictures said the agreement was part of its recently announced strategy to be a part of major movies [...]

  • Netflix Buys Taiwan Black Comedy 'Dear

    Netflix Buys Taiwan Black Comedy 'Dear Ex'

    Netflix has added to its roster of Mandarin-language content with the acquisition of rights to Taiwanese dark comedy “Dear Ex.” The award-winning film will play out from Feb. 1. The story involves a recently bereaved widow and a gay man fighting over a dead man’s inheritance, with the woman’s teenage son caught in the middle. [...]

  • Audrey Wells

    Film News Roundup: Audrey Wells Scholarships Launched by UCLA, China's Pearl Studio

    In today’s film news roundup, Pearl Studio and UCLA start a “Say Yes!” scholarship in memory of Audrey Well; Gina Lollobrigida and Claudia Cardinale are honored; and the “General Magic” documentary gets bought. SCHOLARSHIPS UNVEILED China’s Pearl Studio has made a gift of $100,000 for endowed scholarships to the UCLA School of Theater, Film and [...]

  • Honey Boy Knock Down the House

    Sundance Hot Titles List: 13 Buzzy Films That Have Buyers Talking

    There’s a good reason that much of Hollywood braves the thin mountain air each year to make the trek to the Sundance Film Festival, and it’s not to check out the nearby ski slopes. The annual launch of the indie film gathering brings with it the possibility of discovering the next big thing in moviemaking. [...]

  • (L to R) VIGGO MORTENSEN and

    Will Oscar Nominations Give This Year's Contenders a Box Office Boost?

    With nominees like “Black Panther,” “Bohemian Rhapsody,” and “A Star Is Born,” the 2018 class of movies proved the Oscars don’t need a popular films category to recognize movies that also made bank in theaters. But now that the academy has selected this year’s crop of awards hopefuls, is there any green left to squeeze [...]

  • A24 Buys Sequel to Tilda Swinton's

    Sundance: A24 Buys Sequel to Tilda Swinton's Romance-Drama 'The Souvenir'

    A24 has bought the North American rights to Tilda Swinton’s romance-drama “The Souvenir – Part 2,” closing the deal on the eve of the Sundance Film Festival. “The Souvenir” is set to make its world premiere at Sundance on Jan. 27, followed by playing in the Panorama section of the Berlin Film Festival in February. [...]

  • The Boy Who Harnessed the Wind

    Chiwetel Ejiofor Adds Authenticity to Directorial Debut by Shooting in Malawi

    When actor Chiwetel Ejiofor optioned the rights for the 2009 best-seller “The Boy Who Harnessed the Wind,” penning the screenplay for a feature directorial debut that world-premieres in Sundance and then appears in the Berlin Film Festival before being released globally by Netflix this spring, colleagues floated the idea of shooting the Malawi-set film in tried-and-tested [...]

More From Our Brands

Access exclusive content