{"id":84352,"date":"2025-10-16T13:04:07","date_gmt":"2025-10-16T13:04:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/84352\/"},"modified":"2025-10-16T13:04:07","modified_gmt":"2025-10-16T13:04:07","slug":"canal-set-for-ugc-stake-plans-secondary-listing-in-johannesburg","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/84352\/","title":{"rendered":"Canal+ Set For UGC Stake & Plans Secondary Listing In Johannesburg"},"content":{"rendered":"

\n\tCanal has signed an agreement for a 34% stake in French cinema operator UGC<\/a>, as the London-listed Euro giant announced plans for a secondary listing in South Africa.<\/p>\n

\n\tThe UGC agreement will see the Paris-based company make a \u201clong-term commitment to French and European cinema and theatrical exhibition,\u201d according to Canal+<\/a> CEO Maxime Saada. The deal includes an option to build to a controlling stake in 2028.<\/p>\n

\n\tAlong with its cinema chain, UGC also has a sizeable content library, which will supplement the 9,400 titles already owned by Studiocanal, Canal+\u2019s TV and film production and sales wing. They include franchises such as Qu\u2019est ce qu\u2019on au Bon Dieu \u2013 Serial (Bad) Weddings and Am\u00e9lie, while its subsidiary Itin\u00e9raire Productions makes the original HPI \u2013 High Potential.<\/p>\n

\n\tFinancial terms of the deal were not disclosed.<\/p>\n

\n\tNegotiations over the stake began in September<\/a>, and an agreement has now been reached. The French market has reacted to Canal+\u2019s move with caution \u2013 directors\u2019 guilds l\u2019ARP and\u00a0La SRF\u00a0have said they are closely monitoring<\/a> the implications of a takeover of the historic cinema business.<\/p>\n

\n\tUGC operates one of the largest cinema chains in France, with 48 French theaters in total and another seven sites in Belgium. Between they generate and tens of millions of admissions each year.<\/p>\n

\n\tThe news came as Canal+ announced nine-month revenues of \u20ac4.86B ($5.6B), which from September 20 includes \u20ac78M consolidated from the takeover of South Africa-based MultiChoice<\/a>. EBITA guidance was confirmed at \u20ac515M. The figures released today cover the nine months to September 30.<\/p>\n

\n\tOnce the MultiChoice deal is completely finalized, Canal+ will own 94.39% of shares, with an option triggered to buy up the rest. <\/p>\n

\n\tOnce fully under the Canal+ banner, MultiChoice will then delist from the Johannesburg Stock Exchange (JSE). Canal+ will then take on a secondary inward listing on JSE that will give MultiChoice shareholders better access to the African operation.<\/p>\n

\n\tThe combined group will have more than 40 million subscribers in nearly 70 countries across Europe, Asia and Africa, and employ around 17,000 people.<\/p>\n

\n\tThe news comes in the same week Canal+ announced a deal to distribute its content on preloaded apps for Thomson Smart TVs in Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"Canal has signed an agreement for a 34% stake in French cinema operator UGC, as the London-listed Euro…\n","protected":false},"author":2,"featured_media":84353,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[28257,222,93,61,60,28258,282,54443],"class_list":{"0":"post-84352","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tv","8":"tag-canal","9":"tag-earnings","10":"tag-entertainment","11":"tag-ie","12":"tag-ireland","13":"tag-multichoice","14":"tag-tv","15":"tag-ugc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/84352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=84352"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/84352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/84353"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=84352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=84352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=84352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}