Orange and the Canal+ Group, a subsidiary of Vivendi, announce the signature of a memorandum of understanding for the acquisition by the Canal+ Group of all the shares held by Orange in the OCS pay-TV bouquet and in Orange Studio.

The transaction will be subject to information and consultation with employee representative bodies, and will be notified to the French Competition Authority. Following the transaction, the Canal+ Group will become the sole shareholder of both companies.

'The quality of OCS's service and content - currently distributed by all ISPs and as part of Canal+'s cinema series offerings - is recognized by both industry professionals and consumers', emphasize the two groups.

For its part, Orange Studio has more than 200 co-productions to its credit, as well as a catalog of almost 1,800 audiovisual and cinematographic works, including Oscar-winning and iconic films such as The Artist and The Father.

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