Orange, Canal Plus Renegotiate Pay-TV Accord, Tribune Says
By Marthe Fourcade -
2011-05-26T05:37:27Z
France Telecom SA (FTE) and Canal Plus SA agreed to renegotiate their pay-television alliance at the Cannes film festival last week, La Tribune reported, without citing anyone.
Under the new agreement, Canal Plus will get a minority stake in Orange’s cinema channels, according to the newspaper. Under the old accord, the companies planned to form a 50-50 joint venture to merge Orange’s cinema series and Canal Plus’s TPS Star.
To contact the reporter for this story: Marthe Fourcade at mfourcade@bloomberg.net
To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net
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