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Canal Plus to give up control of OCS while remaining shareholder
December 5, 2012
Canal Plus is to relinquish all control over the Orange Cinéma Series (OCS) channels while remaining a shareholder, according to local reports.
The competition authority ruled in July that Canal Plus should withdraw from the venture, in which it holds a 33.3% stake. However, Orange expressed its opposition to a sale to the regulator and the latter decided to allow the Vivendi-owned pay TV operator to remain a shareholder while giving up all management control.
December 5, 2012
Canal Plus is to relinquish all control over the Orange Cinéma Series (OCS) channels while remaining a shareholder, according to local reports.
The competition authority ruled in July that Canal Plus should withdraw from the venture, in which it holds a 33.3% stake. However, Orange expressed its opposition to a sale to the regulator and the latter decided to allow the Vivendi-owned pay TV operator to remain a shareholder while giving up all management control.