Orange could soon separate from its cinema and series offer, the operator warned employees yesterday that the project was progressing faster and faster.
Discussions that have lasted for more than two years. According to the information Echoes, the management of Orange warned the employees of OCS and Orange Studios that the negotiations for the sale of the studio and the bouquet to the subsidiary of Vivendi were accelerating. The latter already owns 34% of the whole and is the main distributor of OCS, so it has a right of first refusal on the platform.
If other companies have positioned themselves such as Warner, parent company of HBO, or Mediawan which has since withdrawn its offer, it seems that Canal+ is now favored by the incumbent operator to take over its pay channels and its film studio. . Several issues are at the heart of the file for Orange, which wishes to perpetuate the payment of the financing obligations of the OCS cinema as well as the channels and jobs linked to the platform.
The latter is not really in the best financial state and will soon see HBO content disappear from its offer, a key element of its popularity, while a dedicated platform is planned for launch in France in the years to come. . Canal+ for its part would be delighted to recover the Orange studio, but should also bear part of the losses linked to the channel, with debts to be eliminated of around 100 to 150 million euros last summer.