Financing of the seventh art, takeover of OCS, competition from streaming platforms, the future of Salto, frequencies of C8 and CNews… Maxime Saada, the chairman of the executive board of Canal+, reveals the group's ambitions.
LE FIGARO.
- Isn't the agreement of 1 billion euros over five years offered to French cinema by your group a publicity stunt?
Your obligations already amount to 200 million euros per year…
Maxim SAADA.
-
Do not confuse real investments and bonds.
Our obligations amount to 160 million euros per year.
In 2021, we have reached an agreement with the cinema organizations for the Canal+ group to increase its effort to 190 million euros, and even 210 million if we take into account the expenses for our free-to-air channels, up to in 2024. We are therefore investing more than 40 million euros beyond our obligations.
Note that this additional investment corresponds to the total amount of Netflix's obligations in 2022, the only American platform to have signed…
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