TECHNOLOGY & CONVERGENCE
Canal+ and Orange seal a new TV partnership
On 15 July 2011, Canal+ and Orange announce a proposed editorial, commercial and technology partnership for the Orange Cinema Series TV package.
Bertrand Meheut, Chairman of Canal+ Group, and Stéphane Richard, Chairman and CEO of Orange, announced the finalization of their proposed strategic partnership, which calls for Canal+ Group’s acquisition of a 33.33% minority interest in Orange Cinema Series. As a result, Orange will hold a 66.66% share of Orange Cinema Series, while Canal+ Group would hold 33.33%, with governance provided by both partners in proportion to their percentage of interest. This partnership strategy offers multiple advantages. In particular, the agreement provides for:
* content production continuity for the Orange Cinema Series package of five channels by maintaining the brand, its current names (Orange cinemax, Orange cinehappy, Orange cinenovo, Orange cinechoc and Orange cinegeant) and related interactive services;
* broader distribution: Orange will continue to distribute its multichannel package and related interactive services to its customers; CANAL+ will offer the package to all Canalsat subscribers; and the partnership plans to make the service available to all interested operators;
* a more balanced business model thanks to wider distribution of the Orange Cinema Series service.
This agreement will also strengthen the existing partnership between Orange and Canal+ for the distribution of Canal + and Canalsat products and services within the Orange network. Orange and Canal + will build on their respective know-how in technology, particularly in new services, as well as in content production.
As a reminder, Canal Overseas – subsidiary of Canal+ is the group’s vehicle for international development, particularly in France’s overseas departments and
territories, in Africa and in Poland, where it has a total of nearly 2 million subscribers.
The Canal+ Group also plays a major role in acquiring, producing and distributing feature films in France and Europe via its subsidiary Studio Canal.