Bac Majestic gets out of distribution
Bac Majestic is on the verge of selling its share (20%) of Bac Distribution to Studio Canal, which already owns the other 80%. Canal+ Group could then have full control of its distribution company which would be directed by Stéphane Célérier, who is currently head of Mars Films. The initiative is part of a grand maneuver to relaunch the audiovisual activity of Vivendi Universal in France. According to the latest news, among the objectives of Pathé Group, (already a producer and distributor), and its president, Jérôme Seydoux, is the rich catalog of Studio Canal films. But the complexity of the organization of Canal+ Group, the French and European legal limitations and the weight of the total investment (7.66 billion Euro for the Group and 1.5 billion for Studio Canal) seem to predict an alliance between Pathé and television channels TF1 and M6. The negotiations are in an accelerated phase and may be concluded at the end of July.
(Translated from French)
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