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

Terence Stamp, U.K. actor who played General Zod in early Superman films, dies at 87 – National

Lil Nas X Spends Weekend In Jail, Family May Stage Intervention

Lyle Menendez Denied Parole For Three Years • Hollywood Unlocked

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

Terence Stamp, U.K. actor who played General Zod in early Superman films, dies at 87 – National

by rmtsa
August 24, 2025
0
Terence Stamp, U.K. actor who played General Zod in early Superman films, dies at 87 – National

Terence Stamp, the British actor who often played the role of a complex villain, including that of General Zod in the early Superman films, has died. He was...

Read more

Lil Nas X Spends Weekend In Jail, Family May Stage Intervention

by rmtsa
August 24, 2025
0
Lil Nas X Spends Weekend In Jail, Family May Stage Intervention

Lil Nas X‘s troubles continue as he spends the weekend in jail following his undressed and distressed arrest in nothing but underwear and matching cowboy boots. As fans...

Read more

Lyle Menendez Denied Parole For Three Years • Hollywood Unlocked

by rmtsa
August 23, 2025
0
Lyle Menendez Denied Parole For Three Years • Hollywood Unlocked

The Menendez brothers, convicted of murdering their parents in 1989, have once again been denied parole after lengthy hearings that included testimony from both brothers, their family, and...

Read more

11 Celebrities Who Have Tried Intermittent Fasting

by rmtsa
August 23, 2025
0
11 Celebrities Who Have Tried Intermittent Fasting

"I noticed a big difference in going without solid food for 16 hours," says one star, while another celeb reveals "they don't really eat, just do water a...

Read more

‘Wind Talk To Me’ Wins Best Feature At Sarajevo Film Festival

by rmtsa
August 23, 2025
0
‘Wind Talk To Me’ Wins Best Feature At Sarajevo Film Festival

Stefan Ðorďević’s Wind, Talk to Me has snapped up the top prize at the Sarajevo Film Festival, taking the Heart of Sarajevo award for Best Feature Film. The Serbia-Slovenia-Croatia co-production,...

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

  • Emily in Paris Director Diego Borella Dies On Set, Cause of Death
  • Terence Stamp, U.K. actor who played General Zod in early Superman films, dies at 87 – National
  • 10 Movies That Were Secretly Sequels

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