French media company / From Wikipedia, the free encyclopedia
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Groupe Canal+ is a French mass media company. It is owned and controlled by Vivendi and has a film library in excess of 5,000 films. Vivendi has sold some parts of Canal+ to private investors which are still using the name of Canal+. It is headquartered in Issy-les-Moulineaux, in the suburbs of Paris.
|Founded||1983; 40 years ago (1983)|
Scandinavia (as C More Entertainment)
Spain (now Movistar Plus+)
(Chairman and CEO)
Film production & distribution
|Revenue||€5.16 billion (2018)|
Number of employees
The Wall Street Journal described Canal+ as "the French film industry's biggest financial backer, beloved by French cineastes".
It is a major source of finance for domestic film production, participating in the financing of the vast majority of films produced in France. It also has its own subsidiary companies with direct involvement in film production.
StudioCanal, one of those subsidiaries, announced in 2011 that it would now spend €200 million a year on movie production, establishing its position as "the first port of call outside the U.S. for intelligent upmarket movies" such as Tinker Tailor Soldier Spy which is fully financed by the studio.