French cinema backs C+/beIN deal
June 1, 2016
By Chris Forrester
French business newspaper Les Echos says that France’s BLOC association of independent film producers is firmly backing any cooperation deal that comes as a result of discussions between Vivendi’s Canal Plus and Al Jazeera-backed beIN.
The news report says that BLOC has formally written to the French competition authority and arguing in favour of a deal in order for Canal Plus to stay competitive against newcomers such as Netflix.
Canal Plus invests some €200 million a year in financing for independent French movies. Les Echos says that Vivendi boss Vincent Bollore recently met with a representative of the French movie producers and implied a renewed contract through 2020.