The boss of Canal +, Maxime Saada, said on Wednesday on RTL "
ready
" to invest one billion euros in French cinema over the next five years.
"
Canal+ is ready to commit to French cinema with more than a billion euros of investment in the coming years because we believe that we must give this solidity, this durability to French cinema
", added he pointed out.
Read alsoCanal+ acquires OCS, Orange's pay-TV package
Until now, Canal+ had committed to investing 600 million euros over three years.
This commitment, made a year ago, had enabled it to consolidate its place in the “
media chronology
”: after their theatrical release, the films are broadcast first on Canal +, after six months.
The group has also just strengthened its position as the leading financier of French cinema by buying OCS from Orange: the two entities already pay "
around 230 million euros per year
" to French cinema, more "
than all the other players combined
" .
, argued Maxime Saada.
