Noël could play extra time for the cinema sector.
On Wednesday, Maxime Saada, the chairman of the executive board of the Canal+ group, said he was "ready" to invest more than 1 billion euros in total in French cinema over five years.
“
We think that we must give this solidity, this durability to French cinema
”, indicated the leader at the microphone of RTL, which is betting in 2023 on the increase in attendance at dark rooms to pre-pandemic levels.
The Vivendi subsidiary has long been the main financial partner of French cinema.
And the takeover of OCS from Orange will consolidate this position.
In December 2021, after a long standoff, Canal + and the organizations representing cinema (ARP, Blic, Bloc) ended up finding new common ground.
The Vivendi subsidiary has undertaken to invest 190 million euros per year in French cinema, i.e. nearly 600 million euros over three years, until 2024. In exchange, the group has been able to consolidate its position in the…
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