July 27, 2000 |
Vivendi's agreement to acquire Seagram Co. and part of Canal Plus was approved by a French regulator after concessions by Vivendi. But analysts suggested the changes could jeopardize the terms of the $46-billion accord. The French media and utility company agreed to modify the acquisition, giving control of Canal Plus' French pay-TV subscriber base back to Canal Plus Programmes, a unit that will be 49% owned by Vivendi, the regulator said.
February 27, 1999 |
Canal Plus, Europe's No. 1 pay-TV company, said it's in talks with British Sky Broadcasting Group, the second-biggest, on a possible linkup. The announcement follows comments by BSkyB Chairman Jerome Seydoux, who told reporters Friday that the companies are "talking about everything, but the talks principally cover a merger--a merger between BSkyB and Canal Plus." Canal Plus and Vivendi, its parent company, later said the discussions are at a "very preliminary stage."
February 24, 1999 |
A merger of France's Canal Plus, the No. 1 pay-TV company in Europe, and British Sky Broadcasting Group, Europe's No. 2 pay-TV company, will face almost insurmountable cultural and regulatory obstacles, analysts said. The two companies have discussed forming a Pan-European pay-TV superpower, the Wall Street Journal reported Tuesday, citing people familiar with the situation. Both declined to comment on the report.
February 26, 1998 |
Expanding its presence in the worldwide ticketing business, Los Angeles-based Ticketmaster has agreed to buy a 66% stake in MC France-Ticket, a unit of Canal Plus. The Paris-based company sells about a half-million event tickets per year in France. MC France would be renamed Ticketmaster as part of the transaction, which sources valued in the low seven figures.
February 10, 1998 |
Warner Bros. and Canal Plus, Europe's leading pay-TV concern, have formed a joint venture to finance and distribute four to six movies a year over the next five years. Warner will handle the worldwide distribution of the films in all media, including theatrical, television and video, except in Germany and France, where Canal Plus is based. Heading the entity will be producer Steven D. Reuther, whose movie credits include "The Rainmaker," "Face Off," "The Client" and "Pretty Woman."
July 5, 1997 |
German media magnate Leo Kirch said he has completed a deal to jointly run the Premiere pay television channel with rival Bertelsmann group, signaling a truce after years of battling over the German pay TV market. Kirch reportedly hopes to link his troubled digital pay TV venture, DF-1, with the more established Premiere, a movie and sports channel that has 1.4 million subscribers. DF-1 has garnered only 30,000 subscribers in its year of operation.
September 7, 1996 |
Canal Plus, the French pay TV company, has agreed to acquire its Dutch-based rival NetHold for stock valued at about $1.6 billion in a move that would create one of the largest television groups in the world. NetHold, which has pioneered the development of digital TV in Europe, Africa and the Middle East, was on the verge of signing an agreement with DirecTV, the U.S. pay TV company owned by General Motors Corp. through its Hughes Electronics unit, when Canal Plus made its unexpected proposal.
June 20, 1996 |
The turmoil over Europe's fast-emerging, multibillion-dollar digital pay TV market is intensifying. In recent weeks, media companies have announced programming packages that will bring digital pay TV to Germany, Scandinavia and the Benelux countries--Belgium, the Netherlands and Luxembourg--for the first time this summer. At the same time, an alliance of media giants aimed at the Continent's large and lucrative German market has all but collapsed due to internal differences.
June 7, 1996 |
French pay TV company Canal Plus indicated Thursday that its relations with Germany's Bertelsmann are deteriorating and that a three-way alliance with Britain's BSkyB to develop digital pay TV across Europe is dead. British Sky Broadcasting, a unit of Rupert Murdoch's News Corp., is withdrawing from a three-month alliance with Bertelsmann and Canal Plus.
January 17, 1996 |
New Carolco Library Bid Sends Fox Running: French pay TV company Canal Plus, in an apparent preemptive move to make sure it gets its hands on the film library of ailing Carolco Pictures, raised its bid for the library to $58 million, prompting Twentieth Century Fox Film Corp. to withdraw its offer for most of Carolco's assets.