Canal+ Says Fourth ‘Paddington’ Movie Is in Works

French pay-TV group Canal+ has announced that a fourth live-action Paddington film is in development, signaling a move to strengthen its content slate with one of StudioCanal's most successful franchises.

Chief Executive Maxime Saada revealed that Canal+ will be the first broadcaster to air the film in France. This exclusive window allows the group to show movies six months after their theatrical debut, a privilege maintained under a renewed agreement with France's cinema organizations that extends through 2032. This arrangement places Canal+ ahead of rival streaming platforms, which typically face longer waiting periods for new releases.

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As a result of these agreements, films from studios such as Universal, Warner and Paramount become available on Canal+ ahead of streaming platforms.

France remains Canal+'s largest market, generating 1.77 billion euros ($2.04 billion) in revenue during the first half of 2026. To retain its preferential release window, Canal+ is obligated to invest approximately 140 million euros annually in French cinema. Saada confirmed an additional commitment of about 50 million euros per year, bringing the total investment to nearly one billion euros over five years.

This commitment is part of Canal+'s wider content strategy. The group invested 2.25 billion euros in programming and production in the first half of 2026 and anticipates spending around 4.5 billion euros this year. Roughly one-fifth of this budget is allocated to films and television series.

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We committed to spending an extra €50 million a year, approximately.