August 10, 2000 |
Merging media giants Vivendi, Canal Plus and Seagram will have to wait for regulatory scrutiny of their deal after the European Commission said on Wednesday that it needed more data for its review. The commission said it had suspended its probe into the competition aspects of the planned $34-billion deal while the companies provide it with additional unspecified data.
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.
June 27, 2000 |
Canal Plus minority shareholders may try to block the acquisition of Europe's biggest pay-TV company by Vivendi if they aren't offered better terms for their shares, the head of a French shareholder group said. The Assn. for the Defense of Minority Shareholders will first ask a French financial market regulator to force Vivendi to make a higher bid for the 51% of Canal Plus it doesn't already own, said Colette Neuville, president of the association.
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.
March 11, 1998 |
Generale des Eaux has offered $5.6 billion to buy Havas, France's biggest media company, and Havas Chief Executive Pierre Dauzier has been replaced. Generale des Eaux, a water and sewerage utility placing increased emphasis on communications, said it would move quickly to cut costs at Havas, the main shareholder of Europe's biggest pay-television company Canal Plus and publisher of weekly news magazine L'Express.
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."
November 18, 1997 |
Canal Plus said Time Warner Inc. will buy a 10% stake in its direct-to-home satellite television service, CanalSatellite, solidifying its relationship with the U.S.'s No. 1 media company. Time Warner will acquire the stake through its Warner Bros. studio, which will buy new shares in CanalSatellite through a capital increase, Canal Plus Chief Executive Pierre Lescure said in a newspaper interview. Terms of the capital increase haven't been completed. As part of a film rights agreement, the U.S.
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.