Vivendi's Canal+ in Exclusive Talks With beIN Sports Over Distribution, Sublicensing Deal

Date : 12/09/2019 @ 5:52PM
Source : Dow Jones News
Stock : Vivendi (PC) (VIVEF)
Quote : 28.21  0.18 (0.64%) @ 7:17PM

Vivendi's Canal+ in Exclusive Talks With beIN Sports Over Distribution, Sublicensing Deal

Vivendi (EU:VIV)
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By Olivia Bugault

 

Vivendi SA (VIV.FR)'s subsidiary Canal+ Group is in exclusive talks with beIN Sports--a network of sport channels owned by beIN Media Group (BEIN.YY)--over a distribution and sublicensing deal, the two companies said Monday in a joint statement.

Under the agreement, French film-and-television studio Canal+ Group would be the exclusive distributor of beIN Sports to third-party providers as of June 1, 2020, while also offering its premium sport channels in its package, the companies said.

BeIN Sports would exclusively sublicense its 2020-24 Ligue 1 football rights to Canal+, they said.

The agreement would run for five years and will be renewable, the companies said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

December 09, 2019 12:37 ET (17:37 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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