The pay-TV group is required by law to invest in French cinema, to the tune of 12.5% of its annual turnover in pre-buying French and European feature films.
In 2017, Canal Plus pre-bought 136 features, 117 of them majority French productions, for a total of €153.7 million, according to CNC figures. Under the new deal, Canal Plus will also be permitted to produce up to four features in-house a year for the first time. Previously, it could only pre-buy features.
According to Les Echos, Canal Plus managed to negotiate important concessions within its agreement with the film industry, capping its funding at €180 million per year and linking the contribution per customer to the value of the subscription package.