France’s Canal+ Threatens to Pull $1.1 Billion Cinema Deal Over French Tax Hike

Canal+ Group chairman Maxime Saada has warned that the pay TV banner could pull out of its €1 billion ($1.1 billion) investment deal with the French film industry if the government goes ahead with plans to double VAT on pay-TV subscriptions.

The Core Event

The measure, included in the government’s proposed finance bill, would scrap the reduced 10% […]

Key Facts

Canal+ Group chairman Maxime Saada has warned that the pay TV banner could pull out of its €1 billion ($1.1 billion) investment deal with the French film industry if the government goes ahead with plans to double VAT on pay-TV subscriptions.

Context & Significance

The measure, included in the government’s proposed finance bill, would scrap the reduced 10% […]

Outlook

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