×
You will be redirected back to your article in seconds

Maxime Saada Appointed Chairman of Canal Plus Board; Vincent Bolloré Exits Supervisory Role

Canal Plus Group CEO Maxime Saada has been appointed chairman of the company’s board of directors, and is set to take full rein of the Vivendi-owned European film and TV powerhouse’s operations.

Saada will replace Jean-Christophe Thiery at the helm of the board of directors. Thiery will become chairman of the supervisory board of Canal Plus Group, replacing Vincent Bolloré, who remains Vivendi chairman.

Under Saada’s leadership, Canal Plus Group stabilized its money-losing pay-TV unit Canal Plus in France through the creation of new subscriber packages and alliances with telecom operators such as Orange. Saada is also responsible for successfully executing a cost-cutting plan which allowed Canal Plus Group to save $410 million in 2017.

Saada told Variety that his new position on the directors’ board will allow him to keep carrying out the company’s strategy, which he said has been paying off. The executive added that Bolloré decided it was time to leave the supervisory board of Canal Plus Group because the company is now on the right track strategy-wise. The pay-TV banner gained 1,000 subscribers during the third quarter of 2017, ending three straight years of declining numbers, and Saada said the upward trend was continuing during the first trimester 2018.

Upon being appointed chairman of Studiocanal in February, Saada, whose mantra is “buy less, own more,” also vowed to ramp up Canal Plus Group’s premium content production and ownership in both film and TV. The company recently announced the launch of an in-house film-TV drama production unit in France to own more IPs. The unit aims to produce for both Canal Plus and third-party buyers in and outside France under the Studiocanal umbrella.

Saada, who joined Canal Plus Group in 2004 and became CEO of the company in 2015, is also the driving force behind the launch of Canal Plus International and CNews channels in the U.S. on DirecTV.

Thiery joined Bolloré Group in 2001 and became chairman of the directors’ board of Canal Plus Group in 2015.

More Film

  • Bill Hader Barry

    WGA Awards 2019: Announcing Winners Live

    The 71st annual Writers Guild Awards are underway at dual ceremonies at the Beverly Hilton Hotel in Beverly Hills, Calif. and at the Edison Ballroom in New York City. Chelsea Peretti hosted the West Coast ceremonies while Roy Wood Jr. was the emcee in New York Original screenplay nominees are Alfonso Cuaron’s “Roma”; Adam McKay’s [...]

  • Alita Battle Angel

    Box Office: 'Alita: Battle Angel' No Match for China's 'Wandering Earth' Overseas

    Hollywood movies like “Alita: Battle Angel” and “How to Train Your Dragon: The Hidden World” are doing respectable business overseas, but they’re proving no match for foreign titles at the international box office. The Chinese New Year is bringing in huge business in the Middle Kingdom. China’s sci-fi epic “The Wandering Earth” pulled in a [...]

  • ABA_062_DAU_0060_v0409.87501 – Rosa Salazar stars as

    Box Office: 'Alita: Battle Angel' Wins Dismal President's Day Weekend

    Fox’s sci-fi adventure “Alita: Battle Angel” dominated in North America, but its opening weekend win isn’t leaving the box office with much to celebrate. Tracking services estimate that this will be one of the lowest grossing President’s Day weekends in years. Ticket sales are on pace to be the smallest bounty for the holiday frame [...]

  • Bohemian Rhapsody

    'Bohemian Rhapsody,' 'Marvelous Mrs. Maisel' Among Cinema Audio Society Winners

    Queen biopic “Bohemian Rhapsody” won the Cinema Audio Society’s top prize for sound mixing at Saturday night’s 55th annual CAS Awards. The film is Oscar-nominated for sound mixing this year along with “Black Panther,” “First Man,” “Roma” and “A Star Is Born.” In a surprise over heavy-hitters “Incredibles 2” and “Spider-Man: Into the Spider-Verse,” Wes [...]

  • Oscars Placeholder

    Make-Up and Hair Stylist Guild Applauds Academy's Stance on Airing Every Oscar Winner

    Rowdy boos were followed by triumphant cheers at the Make-Up Artists and Hair Stylists Guild Awards on Saturday in Los Angeles, as the Hollywood union touched on a week of controversy over a reversed decision to hand out four Oscars during the show’s commercial breaks. Hair and makeup was one of the four categories that would [...]

  • Marvelous Mrs Maisel Vice

    'Vice,' 'The Marvelous Mrs. Maisel' Lead Make-Up and Hair Stylists Guild Awards Winners

    Adam McKay’s Dick Cheney biopic “Vice,” starring Oscar nominees Christian Bale, Amy Adams and Sam Rockwell, won two awards at the sixth annual Make-Up and Hair Stylists Guild Awards Saturday night. The film won for best period and/or character makeup as well as special makeup effects. “Mary Queen of Scots” received the prize for period [...]

  • Bette Midler

    Bette Midler to Perform on the Oscars (EXCLUSIVE)

    Bette Midler will perform “The Place Where Lost Things Go” at the Oscar ceremonies on Feb. 24, Variety has learned. Midler, a longtime friend of composer-lyricist Marc Shaiman, will sing the song originally performed by Emily Blunt in “Mary Poppins Returns.” The song, by Shaiman and his lyricist partner Scott Wittman, is one of five [...]

More From Our Brands

Access exclusive content