Overview

• The plan foresees an initial minority stake of 34% in UGC followed by potential control beginning in 2028 through agreements with existing shareholders.
• No definitive contracts have been signed, and the transaction must undergo information and consultation procedures with relevant employee representative bodies.
• Canal+ says combining UGC with its StudioCanal business would accelerate StudioCanal’s growth by linking production and distribution to a large theater network.
• UGC is among France’s biggest exhibitors, operating about fifty cinemas including 48 in France and several in Belgium.
• Early reactions mix political support and concern about concentration, with Culture Minister Rachida Dati welcoming the talks as Canal+ remains controlled by Vincent Bolloré.