#1
#1 out of 10.00%
business4h ago
Canal+ Tops Guidance on Profit and Cash, Strikes AI Deals With Google Cloud and OpenAI, Seals Sky Drama Pact as MultiChoice Turnaround Plan Takes Shape
Variety.com and 2 more
- Canal+ posts 2025 results above guidance and accelerates profitability in Europe while pursuing African growth through its MultiChoice integration strategy.
- Canal+ signs a multi-year Google Cloud AI deal to accelerate content indexing and enable personalized recommendations across the Canal+ App in Europe and Africa.
- Veo3 by Google will be accessible to Canal+ production partners for previsualization and creative experimentation, enabling ‘creative unlocking’ of talent.
- OpenAI will power a major Canal+ App overhaul for advanced content search and discovery, leveraging natural language prompts from June 2026.
- Canal+ and Sky announce an English-language drama co-commissioning pact to develop at least two premium projects annually for three years.
- Canal+ plans a Johannesburg listing to support its European profitability focus and African growth strategy, signaling a broader regional expansion.
- Canal+ emphasizes cost discipline and AI-enabled efficiency to boost its entertainment platform and operations.
- Showmax exit is framed as part of Canal+ African strategy to streamline operations after its MultiChoice acquisition.
- Content indexing at scale enables sharper discovery and more personalized journeys on the Canal+ App across markets.
- Canal+ cites successful co-productions like The Young Pope and Zero Zero Zero as benchmarks for its Sky collaboration and IP strategy.
- Canal+ sets 2026 targets: €735 million adjusted EBIT and over €250 million free cash flow, with longer-term goals above €850 million EBIT and €500 million FCF.
Vote 2