Canal+ to Invest Nearly 1 Billion Euros in French and European Cinema Through 2032

Canal+ is set to significantly boost its commitment to French and European cinema, announcing an investment of nearly 1 billion euros. This substantial funding will be allocated between 2028 and 2032, according to the media group's chairman, Maxime Saada.

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a historic new agreement

The announcement comes after months of negotiations and marks a "historic new agreement" between Canal+ and various organizations representing the French film industry. The deal aims to resolve tensions that surfaced earlier, particularly during the Cannes Film Festival, when Saada indicated the group might reconsider funding films from signatories of a statement criticizing the growing influence of the far-right in cinema.

With this 980 million euro commitment, Canal+ aims to maintain its position as a primary partner for French and European films. The investment will enable the company to continue providing its subscribers access to major films, including French, European, and international productions, starting just six months after their cinema release.

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the first partner of French and European cinema for a long time.

Saada emphasized Canal+'s long-standing support for the French film industry, stating, "French cinema deserves to be supported, financed, and accompanied, and that is what we have been doing for over 40 years." He affirmed that Canal+ is "the first partner of French and European cinema for a long time."

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French cinema deserves to be supported, financed and accompanied, and that is what we have been doing for over 40 years.