The epilogue of a long soap opera that lasted almost two years.
Canal+ is to acquire OCS, the pay channel package from telecom operator Orange, as well as its film and series co-production subsidiary Orange Studio.
The two groups formalized on Monday
“the signing of a memorandum of understanding”
.
Following this transaction, Canal+ will become the sole shareholder of both companies.
The new management of Orange is preparing to settle the accounts of the costly policy of convergence between telecoms and audiovisual, which began more than fifteen years ago.
Didier Lombard, the CEO at the time, wanted to have control over containers (networks) and content (films, series, etc.).
His group has set up a division to negotiate audiovisual rights and even produces certain content.
But the "success story" is not there.
Worse: it will have been only a series of fiascos.
In 2008, the purchase of several Ligue 1 football matches, for 200 million euros per year, will end in…
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