Elsa Keslassy International CorrespondentCanal Plus, the Vivendi-owned pay TV group, is set to acquire a 70-percent majority stake in SPI International, a global media company operating 42 TV channels across six continents.
Canal Plus Group, which boasts 22 million subscribers across 40 countries in Europe, Sub-Saharan Africa, and Asia, has ramped up its international footprint in recent years.
In Europe, the pay TV group is well positioned in mainland France and Poland where it acquired the M7 Group platform in 2019.
It’s also backed by its subsidiary Studiocanal, which is involved in film and TV production, distribution and sales, as well as Kino Świat in Poland.
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