Canal+ Group Gets Anti-Trust Approval To Acquire French Pay TV Group OCS And Orange Studio, Under Certain Conditions
With great power comes great responsibility. Canal+ Group has received the conditional approval from the anti-trust board to acquire Orange Studio and OCS, the film and pay TV operations of Orange, France’s leading telco group. Canal+ has committed to a number of remedies for an initial duration of five years in order to get the regulatory green light and address concentration concerns. The acquisition of OCS by Canal+ could have large ramifications on the local film industry because both players represent the top two sources of pre-financing for French movies. Canal+ is currently on a three-year deal (until the end of 2024) with film guilds to invest an average of €200 million per year in French and European cinema. OCS, meanwhile, has a deal with producers to invest €20 million annual investment in local pics. Under the plans presented to the regulatory commission, OCS will be combined with Cine+, one of Canal+’s channels, but it will continue to operate independently. Ca