Overview

• The negotiations cover a 34 percent minority stake in UGC, one of France’s largest cinema operators and content owners.
• Canal+ would retain an option, subject to agreement with UGC shareholders, to pursue full ownership starting in 2028.
• Completion of the proposed deal requires information and consultation with employees’ representative bodies under European rules.
• UGC runs 55 theaters across France and Belgium, including Paris’s UGC Ciné Cité Les Halles, and holds a library featuring Amélie, the Serial (Bad) Weddings franchise and HPI.
• Canal+, which has about 27 million subscribers in 52 countries, frames the move as accelerating StudioCanal’s growth alongside recent expansion efforts involving Viu and MultiChoice.