French major Canal Plus has finalized an agreement to acquire a majority stake in Netherlands-based broadcaster Spi International.
The deal, first reported in September 2021, sees the Vivendi-owned French outfit acquire 70% of Spi. It has now been cleared by regulatory authorities and can be made official.
Spi operates 42 TV channels across six continents. Its brands include FilmBox, Film1, Kino Polska and the Polish streamer Dizi. Founders Loni Farhi and Berk Uziyel will continue to steer the company, with the current management team and operational structure remaining intact, the companies said.
In a release, Canal Plus said the move would allow it to strengthen its pay-tv offerings in all European markets, as well as allowing Spi’s content to be distributed to a wider market.
“The acquisition of Spi International is a is part of the strategy we have been implementing for several years Canal+ currently has 22 million subscribers in over 40 countries,...
The deal, first reported in September 2021, sees the Vivendi-owned French outfit acquire 70% of Spi. It has now been cleared by regulatory authorities and can be made official.
Spi operates 42 TV channels across six continents. Its brands include FilmBox, Film1, Kino Polska and the Polish streamer Dizi. Founders Loni Farhi and Berk Uziyel will continue to steer the company, with the current management team and operational structure remaining intact, the companies said.
In a release, Canal Plus said the move would allow it to strengthen its pay-tv offerings in all European markets, as well as allowing Spi’s content to be distributed to a wider market.
“The acquisition of Spi International is a is part of the strategy we have been implementing for several years Canal+ currently has 22 million subscribers in over 40 countries,...
- 3/18/2022
- by Tom Grater
- Deadline Film + TV
Canal Plus, the Vivendi-owned pay TV group, is set to acquire a 70-percent majority stake in Spi International, a global media company operating 42 TV channels across six continents.
Canal Plus Group, which boasts 22 million subscribers across 40 countries in Europe, Sub-Saharan Africa, and Asia, has ramped up its international footprint in recent years. In Europe, the pay TV group is well positioned in mainland France and Poland where it acquired the M7 Group platform in 2019. It’s also backed by its subsidiary Studiocanal, which is involved in film and TV production, distribution and sales, as well as Kino Świat in Poland.
Under the terms of the deal, Spi International will keep current management team and operational structure in place.
As such, Spi’s founder and CEO Loni Farhi and Berk Uziyel will continue to manage and develop the company’s business. Canal Plus will also look to build synergies with Spi in international markets.
Canal Plus Group, which boasts 22 million subscribers across 40 countries in Europe, Sub-Saharan Africa, and Asia, has ramped up its international footprint in recent years. In Europe, the pay TV group is well positioned in mainland France and Poland where it acquired the M7 Group platform in 2019. It’s also backed by its subsidiary Studiocanal, which is involved in film and TV production, distribution and sales, as well as Kino Świat in Poland.
Under the terms of the deal, Spi International will keep current management team and operational structure in place.
As such, Spi’s founder and CEO Loni Farhi and Berk Uziyel will continue to manage and develop the company’s business. Canal Plus will also look to build synergies with Spi in international markets.
- 9/20/2021
- by Elsa Keslassy
- Variety Film + TV
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