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PARIS - Canal+ Group has completed its acquisition of a 34% minority stake in UGC, a historic French cinema company, according to a press release statement issued Friday.
The deal includes provisions that could potentially allow Canal+ to gain control of UGC from 2028, though specific financial terms of the transaction were not disclosed.
UGC is an established player in the French cinema industry, operating theater chains and involved in film distribution and production.
This acquisition adds to Canal+'s growing portfolio of media assets. The company recently confirmed it had taken effective control of MultiChoice Group on September 22, and has begun integration of the African entertainment platform.
Canal+ has evolved from its origins as a French subscription television channel founded 40 years ago into a global media and entertainment company. The group now operates across the audio-visual value chain, including production, broadcasting, distribution and content aggregation.
With the addition of MultiChoice, Canal+ reports it now has 40 million subscribers worldwide, operates in over 70 countries, and employs approximately 17,000 people.
The company's assets include STUDIOCANAL, a film and television studio; Dailymotion, a video platform; and telecommunications services through GVA in Africa and CANAL+ Telecom in French overseas territories. Canal+ also holds equity stakes in Viaplay and Viu, streaming platforms operating in Scandinavia and Southern Asia respectively.
Canal+ is listed on the London Stock Exchange under the ticker LSE:CAN.
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