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Societe d'Edition de Canal Plus SA seeks to address antitrust concerns over Direct 8 deal with Bollore SA-Reuters

Monday, 20 Jan 2014 07:00pm EST 

Societe d'Edition de Canal Plus SA:Canal+ has proposed further concessions to regulators over its 2012 takeover of Bollore SA's Direct 8 TV channel after approval of the deal was overturned on procedural and antitrust grounds-Reuters.Canal+ has pledged not to buy the rights for pay-TV and free broadcasts of more than 20 recent French films per year.It also offered other concessions on re-broadcasting French content on its two free-to-air channels.The Competition Authority plans to consult France's broadcast and telecom regulators, as well as rivals to Canal+, between now and Feb. 3 as part of a review of whether the new proposals will safeguard competition.The sale of Direct 8 to Canal+ for around 279 million euros ($381 million) in Vivendi shares was validated by France's competition authority in Sept. 2012, but was challenged by broadcasters Television Francaise 1 SA (TF1) and Metropole Television SA (M6). 

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