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Elsa Keslassy
International Correspondent
@elsakeslassy See All
Venice Film Festival Canal+ Group, the parent company of “Paddington” producer Studiocanal, saw its revenue climb 40% to €4.3 billion ($4.8 billion) for the first half of 2026, boosted by the acquisition of MultiChoice which has significantly expanded the pay-TV group’s footprint across Africa.
The group, which is listed at the London stock exchange, said it had already realized $136 million in profit-and-loss synergies from the MultiChoice acquisition and remains on track to achieve its $284 million synergy target by the end of 2026. The banner’s EBIT rose 68% to $492 million, representing a margin of 10.1%, while its cash flow from operations reached €636 million.
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