Canal+ completed the acquisition of a 34% stake in UGC.

Canal+, a provider of premium content and pay-TV services, completed the acquisition of a 34% stake in UGC, a company specializing in cinema advertising and promotional services. Financial terms were not disclosed. “Since its creation in 1984, CANAL+ has been the number one partner and supporter of French and European cinema. UGC has built a remarkable network of theatres, an exceptional library of content and outstanding IP. The growth of STUDIOCANAL, led by Anna Marsh, is a priority for the CANAL+ group, and combining our business with UGC would enable us to accelerate this development. This transaction demonstrates the group’s commitment to Cinema and theatrical exhibition, which play a vital role in showcasing and enhancing the value of films,” Maxime Saada, CANAL+ Chief Executive Officer.