Pay-tv giant Canal Plus has confirmed its long-time investment in French cinema in an 11th-hour accord running up until the end of 2022.
The pay-tv group has been the French cinema sector’s leading private investor for more than 30 years. This is due to legal obligations, dating back to its launch, which requires it to invest 12.5% of its annual turnover in pre-buying French and European feature films.
In 2017, Canal Plus pre-bought 136 features, 117 of them majority French productions, for a total of €153.7m, according to Cnc figures.
Under the new deal,