Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

Canal+ Share Price Down 16% On Day One Of London Trading

rmtsa by rmtsa
December 16, 2024
in DramaAlert
0
Canal+ Share Price Down 16% On Day One Of London Trading
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Bethenny Frankel Hits Back at Critics After Wearing ‘Thong’ for Miami Swim Week

‘Outlander’s Sam Heughan Set For Murderous Reign As Macbeth On English Stage

Jonathan Joss, ‘King of the Hill’ actor, killed in Texas shooting – National

Shares in Paddington producer Canal+ dropped 20% this morning after the French pay-TV giant was spun off from Vivendi and listed in London.

Canal+ debuted on the London Stock Exchange earlier, with execs attending an opening morning ceremony to mark the major move.

The British government hailed the decision to list in London as a “vote of confidence” in the UK, although shares were down 20% just after 12 p.m. (4 a.m. PT) local time at about 231p. This gives Canal+ a valuation of around £2.3B ($3.1B), well below the €5B ($5.3B) estimate made by JP Morgan analysts last month.

We are told the dip was largely expected among investors, as many Vivendi shareholders who automatically assumed Canal+ stock have been forced to sell as they are restricted to owning non-French stock. A source told Deadline that Canal+’s management are largely satisfied with the debut and expect the share price to steadily rise going forwards. “The success of this listing will be truly known in a year’s time,” they added.

Canal+ CEO Maxime Saada told CNBC that London had been selected due to Canal+’s focus on English-speaking markets, having invested in productions such as Paddington in Peru and African pay-TV giant MultiChoice, which it is in the process of acquiring. Canal+ is also dramas such as Paris Has Fallen and James Norton-starring ITV series Playing Nice.

The news comes after Vivendi’s board approved the plan to split its core businesses in three, with Canal+ listing in London, ad business Havas on the Euronext Amsterdam and publisher Louis Hachette Group on the Euronext Growth Paris.

Vivendi is listed in Paris, retaining its stakes in the likes of Banijay, MediaForEurope, Telecom Italia, Telefónica and Prisa. It has owned Canal+ since 2000. Shares in Vivendi, Havas and Louis Hachette are all up this morning.

Protecting ‘Paddington’

Meanwhile, Saada addressed the importance of protecting British properties such as the Paddington brand in a separate interview with the BBC. Saada said Canal+ had received “some feedback from American companies that Paddington the Bear is not American enough,” but vowed its sensibilities would remain British.

He added that Studiocanal+, Canal’s production arm, could have chosen to “maximize” Paddington In Peru‘s box office numbers by making “an American movie,” but that this would not have worked out as a long-term play.

“This is the most British bear,” said Saada. “It has appealed to a lot of people because it is authentic… This is really our most prized intellectual property [and] we are very careful about being very close to its roots and authentic.”



Source link

Tags: CanalDayLondonPriceShareTrading
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Bethenny Frankel Hits Back at Critics After Wearing ‘Thong’ for Miami Swim Week

by rmtsa
June 3, 2025
0
Bethenny Frankel Hits Back at Critics After Wearing ‘Thong’ for Miami Swim Week

Frankel reveals her daughter's reaction to her skimpy runway attire, before giving insight into what really went into her transformation. Haters should know better than to go after...

Read more

‘Outlander’s Sam Heughan Set For Murderous Reign As Macbeth On English Stage

by rmtsa
June 3, 2025
0
‘Outlander’s Sam Heughan Set For Murderous Reign As Macbeth On English Stage

EXCLUSIVE: Outlander star Sam Heughan will star as the murderous tyrant in Macbeth, marking his debut with the Royal Shakespeare Company, and he tells Deadline that returning to the stage for the...

Read more

Jonathan Joss, ‘King of the Hill’ actor, killed in Texas shooting – National

by rmtsa
June 3, 2025
0
Jonathan Joss, ‘King of the Hill’ actor, killed in Texas shooting – National

Descrease article font size Increase article font size Actor Jonathan Joss, best known for voicing John Redcorn in King of the Hill, has died in a shooting, according...

Read more

50 Cent To Talk To Trump In Effort To Block Possible Diddy Pardon

by rmtsa
June 2, 2025
0
50 Cent To Talk To Trump In Effort To Block Possible Diddy Pardon

Source: Christopher Polk It’s no secret that Curtis “50 Cent” Jackson hates Sean “Diddy” Combs. He has hated him for years at this point and that unmitigated loathing...

Read more

Cardi B Goes Instagram-Official With NFL Star Stefon Diggs • Hollywood Unlocked

by rmtsa
June 2, 2025
0
Cardi B Goes Instagram-Official With NFL Star Stefon Diggs • Hollywood Unlocked

Cardi B Makes It Instagram-Official With Stefon Diggs After Offset Drama Cardi B just let the world know she’s entering her “Chapter Six” era — and this time,...

Read more
Next Post
Video Of Papoose & Claressa Shields Resurfaces Amid Rumors

Video Of Papoose & Claressa Shields Resurfaces Amid Rumors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Naturi Naughton & Two Lewis Talk Music Industry, Production
  • The 10 Worst Sci-Fi Movies of the Last 10 Years
  • The Valley’s Janet Caperna Explains ‘Racist Republican’ Claims Against Michelle

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In