France Telecom, Canal Plus Renegotiate Cinema TV Deal
Stock Chart for Orange SA (FTE)
The two companies in January said they were planning to form a strategic partnership by merging France Telecom’s Orange Cinema Series television channels with Canal Plus in a 50-50 venture. France Telecom Chief Executive Officer Stephane Richard said in Paris today that a new deal may involve Canal Plus taking a minority stake in the venture.
The companies aimed to create a new premium channel, Orange Cine Star, offering exclusive films and TV series. Richard, who took over the largest French phone company in March 2011, has deemphasized the in-house content operations created by his predecessor, Didier Lombard, in favor of co-operation with outside editorial teams.
To contact the reporter on this story: Matthew Campbell in Paris at email@example.com.
To contact the editor responsible for this story: Kenneth Wong at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.