CANAL+ acquires M7 group | Major Businesses | Business | News | Rapid TV News
By continuing to use this site you consent to the use of cookies on your device as described in our privacy policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. [Close]
In a move that will significantly expand its European footprint, the CANAL+ broadcasting group has purchased Astorg-owned independent pay-TV provider M7.
M7Group corp 21Dec2018
M7 is an aggregator and distributor of local and international channels via satellite and OTT platforms. It has developed a presence in the Netherlands, Belgium, Austria, Czech Republic, Slovakia, Hungary and Romania where it has a total of 3 million subscribers, of which 0.8 million to a basic access package.
Adding over-the-top services to its DTH and IPTV bouquet has been success for European pay-TV operator M7 Group, which  saw its OTT app used by close to 300,000 customers, 30% growth, in the first year after launch in December 2017.

 Operating under different brands, M7 distributes major national channels as well as leading international labels, including Disney Channel, HBO, Eurosport, National Geographic, and Nickelodeon.

The acquisition, subject to the European Commission’s approval, is said to be valued at slightly over €1 billion and M7 has a turnover of more than €400 million and will be profitability accretive to CANAL+ Group and its parent Vivendi, allowing the group to do business in seven new European countries growing its global subscriber base to near 20 million, including 12 million in Europe. M7 would also bring an additional distribution platform for the content produced by CANAL+ Group.

Commenting on the purchase, CANAL+ Group executive board chairman, Maxime Saada said: ‘We are particularly pleased with this acquisition project made possible by Vivendi. The operation would allow CANAL+ Group to approach 20 million subscribers worldwide. Our global subscriber base will have almost doubled in five years, with a clear acceleration starting in 2015. This major operation will allow us to strengthen our distribution capacity in order to leverage content originating from our library and our numerous production operations in Europe.”

Astorg associate director Charles-Hubert le Baron added: “Since our cooperation with M7 in 2014, the company has continued to expand its business rapidly in Eastern Europe, while further upselling its subscriber base across all geographies. In line with our investment philosophy, Astorg has encouraged M7 to develop its external growth through acquisitions, the most recent one being UPC Direct in Eastern Europe, and also investments made to improve the customer experience, e.g. over-the-top features. Canal+ strong interest in M7 is a testimony of the remarkable strategy rolled-out by the M7 management team.”