Canal+ Group may withdraw €1 billion film investment amid French finance bill changes

Canal+ Group may pull its €1 billion investment deal with the French film industry following changes in the proposed finance bill. Previously, the group had committed to investing approximately €1 billion in French and European films between 2028 and 2032.
The proposed finance bill contains several measures that affect public broadcasting funding. Specifically, funding for France’s public broadcasters, primarily France Télévisions, would see a reduction of €47 million, bringing the total to €3.82 billion.
France Télévisions faces a subsidy reduction of €47 million alongside a 20% drop in advertising revenues. Furthermore, the bill suggests halving the tax rebate currently applied to platforms such as YouTube and TikTok.
The proposed VAT change could cost Canal+ Group an estimated €200 million annually. Should Canal+ fail to meet its regulatory obligations, its annual contribution to cinema could fall to around €50 million.
Ultimately, the finance bill must still pass through the parliament.






















































