News

AGREEMENT CANAL+ GROUP AND MC Vision

09 August 2024

AGREEMENT CANAL+ GROUP/CURRIMJEE/MBC – CANAL+ GROUP increases its stake in MC VISION on Mauritius Island

CANAL+ Group, Currimjee Group as well as its subsidiary Emtel and the Mauritius Broadcasting Corporation, shareholders of MC Vision, have signed an agreement on the stake of CANAL+ Group rising to 75% in the Mauritian company MC Vision.

Since 1999, CANAL+ Group has distributed its TV offers in Mauritius Island via MC Vision, joint venture held along with Currimjee Group and MBC (Mauritius Broadcasting Corporation).

The partnership between the three stakeholders contributed to make CANAL+ a strong brand on the local market, providing Mauritius households with a rich premium international and local content offer and an unmatched experience, with innovations such as the CANAL+ app and the 4K UHD connected decoder.

At the end of the operation, Currimjee Group wishes to remain one of MC Vision’s stakeholders of up to 25%, bringing its support to the development of the activities of CANAL+ Group in Mauritius island.

Facing changes in the pay TV sector, the agreement will enable MC Vision to continue to meet the expectations of Mauritian households in terms of audiovisual content and services, while benefiting from the support of CANAL+ Group.

The transaction has been approved by some regulatory authorities and awaits final approval from other relevant ones.

ABOUT CANAL+ GROUP

CANAL+ Group, a subsidiary of Vivendi, is a leader in the creation and distribution of content in the world, with a presence in more than 50 countries and nearly 7,600 employees on every continent. CANAL+ Group has 26.4 million subscribers worldwide, including 17.1 million in Europe, 8.1 million in Africa and 1.2 million in Asia-Pacific. It is the largest shareholder in MultiChoice, the leader in pay-TV in English and Portuguese-speaking Africa; Viaplay, the Scandinavian leader in pay-TV and streaming; and is also a shareholder in Viu, a leading Asian streaming business. CANAL+ Group invests 3.5 billion euros in content every year, making the group a key player in sport (main funder in France of football and rugby, and the leading partner of UEFA and the EPL internationally), films (leading funder in France and Poland), series (including more than 50 original series per year in over 15 languages) and entertainment (documentaries, comedy, shows). CANAL+ Group offers over 2,000 channels, including 130 produced in-house. In addition to content creation and its own channels, CANAL+ Group acts as an aggregator or both linear channels global streaming services including, Netflix, Disney+, Paramount+, Apple TV+ and Max. With the support of its subsidiary STUDIOCANAL and its network of 14 production companies, including 13 in Europe and one in the United States, CANAL+ Group is the leading producer and distributor of feature films and TV series in Europe. It holds a catalogue of nearly 9,000 titles from more than 60 countries, including those of Orange Studio following the acquisition of OCS by CANAL+ Group. CANAL+ Group is an innovative, technology-based company, with a leading direct to consumer digital offer via its CANAL+/myCANAL app, which is deploying internationally at an accelerating rate and currently has a presence in more than 40 countries and territories. Canalplusgroup.com/en

CONTACTS

Hala Saab / hala.saab@canal-plus.com

CANAL+ NEWSROOM

Find out more