Canal+ that belongs to Vivendi SA has decided to purchase M7 Group, a pay-TV operator that is a part of the private equity organization Astorg Partners SAS. The deal has been settled for near about 1 billion euros that is $1.1 Billion with the major goal of spreading its wings into 7 European nations and also escalating its subscribers to approximately 20 Million. The acquisition is assumed to give Vivendi SA a chance to expand its business almost across the world.
M7 has been operating in Netherlands, Belgium, and also in the entire central and east Europe. In those nations, it has about 3 Million subscribers, as per the Vivendi data analysis. The operator has been providing well international channels such as Eurosport, Nickelodeon, Disney Channel, National History, HBO, National Geographic, and more along with the national programming for quite some time now. The current decision of acquisition is expected to help add an extra 400 million euros in the capital sector as well as increase the profit numbers for Vivendi and Canal+. However, the company is still waiting for regulatory approval to move on with its acquisition plan.
In the sales and profit sector Canal+ is one of Vivendi’s best and second-biggest units standing behind the top Universal Music Group. The idea of taking on M7 came up after looking at pay-TV unit’s 2018 sales of 5.17 billion euros plus the operating profit prior to suborn of about 400 million euros. In the previous year, the sales of Canal+ dipped to 0.3% when judged against the 10% growth of Vivendi’s music business. The Canal+ group which has been an official partner of the Cannes film festival for the past 26 Years assisted the 72nd edition that took place this year on May 14–25. The opening and closing ceremony that was produced by Canal+ and also the winners of the 72nd edition of the Cannes film festival were broadcasted.