French media and entertainment group Vivendi’s Canal Plus Group has agreed to acquire production arm Orange Studio and full ownership of the OCS television channel unit from French telecommunications company Orange.
Financial terms were not disclosed. The Orange Studio content division co-produces the films and distributes them in France, while also selling them abroad. “Orange Studio has over 200 co-productions as well as a portfolio of nearly 1,800 audiovisual and cinematographic works, including iconic and Oscar-winning films such as Artist and Father,” the companies said.
Canal Plus, led by CEO Maxime Saada, already owns a third of OCS, which operates several networks and has increased the reach of the latter by distributing it through a pay TV package since 2011.
OCS has an exclusive output contract with Warner Bros.’s HBO. Discovery, this contract expires this year. Observers have suggested that Canal Plus will likely be looking to strike a new deal with the newly merged industry giant, which is planning to launch a combined HBO-Discovery streaming service.
“Since being established in 2007 and 2008, respectively, the competition in the audiovisual sector, especially for OCS, has continued to increase with the emergence of strong international platforms,” Orange said. “Given this backdrop, Orange has worked hard to ensure the continued growth of these two subsidiaries while maintaining employment and pre-funding the media.”