Press release: Orange and the Canal+ Group have signed a memorandum of understanding regarding the acquisition of OCS and Orange Studio by the Canal+ Group
January 09 2023 - 2:16AM
Press release: Orange and the Canal+ Group have signed a memorandum
of understanding regarding the acquisition of OCS and Orange Studio
by the Canal+ Group
Press release
Paris, 9 January 2023
Orange and the Canal+ Group have signed a
memorandum of understanding regarding the acquisition of OCS and
Orange Studio by the Canal+ Group
Orange and the Canal+ Group today announced the
signature of a memorandum of understanding anticipating the
acquisition by the Canal+ Group of all capital held by Orange in
the OCS pay TV package and in Orange Studio, the film and series
co-production subsidiary. The Canal+ Group will become the sole
shareholder of the two companies following this transaction.
The quality of OCS service and content - currently
distributed by all ISPs as well as within Canal+ cinema series
offers - is recognized by both industry professionals and
consumers. Orange Studio has more than 200 co-productions to its
credit as well as a catalog of nearly 1,800 audiovisual and
cinematographic works, including Oscar-winning and emblematic films
such as The Artist and The Father.
Since their creation in 2007 and 2008
respectively, competition in the audiovisual sector, particularly
for OCS, has continued to intensify with the emergence of powerful
international platforms. Given this context, Orange has endeavored
to ensure the continued development of these two subsidiaries while
preserving jobs and the pre-financing of audiovisual content. To
ensure these objectives, Orange entered discussions with the Canal+
Group, its historic partner and a recognized European player in the
creation and distribution of content. Canal+ is already a 33.34%
shareholder of OCS since 2012 and is its leading distributor. The
leading film and television studio in Europe, StudioCanal has many
assets to promote the Orange Studio catalog.
The operation will be presented to employee
representative bodies and will be notified to the French
Competition Authority.
About Orange
Orange is one of the world’s leading
telecommunications operators with sales of 42.5 billion euros in
2021 and 136,500 employees worldwide at 30 September 2022,
including 75,000 employees in France. The Group has a total
customer base of 286 million customers worldwide at 30 September
2022, including 240 million mobile customers and 24 million fixed
broadband customers. The Group is present in 26 countries. Orange
is also a leading provider of global IT and telecommunication
services to multinational companies under the brand Orange Business
Services. In December 2019, the Group presented its
"Engage 2025" strategic plan, which, guided by social and
environmental accountability, aims to reinvent its operator model.
While accelerating in growth areas and placing data and AI at the
heart of its innovation model, the Group will be an attractive and
responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA)
and on the New York Stock Exchange (symbol ORAN).
For more information on the internet and on your
mobile: www.orange.com, www.orange-business.com and the Orange News
app or to follow us on Twitter: @orangegrouppr.
Orange and any other Orange product or service
names included in this material are trademarks of Orange or Orange
Brand Services Limited.
Press contacts: Orange
Emmanuel Gauthier : emmanuel2.gauthier ; +33 6 76
74 14 54
Sylvain Bruno :
sylvain.bruno@orange.com ; +33 6 86 17 88 89
About CANAL+ Group
CANAL+ Group, a subsidiary of Vivendi, is a major
player in the creation and distribution of content worldwide, with
nearly 24 million subscribers, a presence in more than 50 countries
and 7500 employees on every continent. CANAL+ Group has nearly 10
million subscribers in France and nearly 7 million in Africa. It is
the leading television operator in French-speaking Africa and the
largest shareholder in MultiChoice, the leader in pay-TV in English
and Portuguese-speaking Africa. CANAL+ Group is a major player in
the production and marketing of television channels, with 116
linear and non-linear channels produced in-house. It aggregates
major thematic channels and global content platforms such as
Netflix, Disney+ and Paramount+. With nearly 3.4 billion euros
invested in content each year, it is a key player in sport (main
funder in France of football and rugby), films (leading funder in
France and Poland), and series (including more than 50 original
series per year in more than 14 languages). With the support of its
subsidiary Studiocanal, which owns 10 production companies in 7
European countries, CANAL+ Group is the leading producer and
distributor of feature films and TV series in Europe. It holds a
catalogue of near 7000 titles from more than 60 countries. Finally,
it is also a key player in digital with its CANAL+/myCanal app,
whose international deployment is accelerating, with a presence in
some thirty countries to date.
Press contacts: CANAL+ Group
Olivia Abehassera :
olivia.abehassera@canal-plus.com ; +33 1 71 35 19 66
- PR_Orange_CanalPlus_EN_090123
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