CANAL+ Eyes Stake in French Cinema Chain

CANAL+ Group has entered into exclusive negotiations to acquire a minority stake in French cinema chain UGC, with a potential full takeover in 2028.

CANAL+ Group is looking to take an initial 34 percent interest in UGC, which owns 55 theaters across France and Belgium and a content library that includes Amélie and TV series such as HPI—High Potential and Soleil Noir. CANAL+ would have the option to take full control of UGC from 2028.

Maxime Saada, CEO of CANAL+, said: “Since its creation in 1984, CANAL+ has been the number one partner and supporter of French and European cinema. UGC has built a remarkable network of theaters, an exceptional library of content and outstanding IP. The growth of STUDIOCANAL, led by Anna Marsh, is a priority for the CANAL+ group, and combining our business with UGC would enable us to accelerate this development. This transaction demonstrates the group’s commitment to cinema and theatrical exhibition, which play a vital role in showcasing and enhancing the value of films.”