French media giant Canal+ has entered exclusive negotiations to acquire a 34 percent minority stake in UGC, one of France’s largest cinema chains, with an option to take full control of the company in 2028.

The deal would combine Canal+’s production and distribution arm, StudioCanal, with UGC’s exhibition network of 55 theaters across France and Belgium, including the UGC Ciné Cité Les Halles in Paris, one of the most visited cinemas in the world. UGC also owns a significant library of films and television series, including French blockbusters Amélie , and the Serial (Bad) Weddings franchise and the hit TV series HPI – High Potential .

French media giant Canal+ has entered exclusive negotiations to acquire a 34 percent minority stake in UGC, one of France’s largest cinema chain

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