StudioCanal, the movie production subsidiary of pay-TV giant Canal Plus, has purchased the German producer-distributor Kinowelt.
The joint announcement follows several weeks of speculation that has culminated in Canal taking 100% control of the Leipzig-based company. No details of the transaction have been made public, but it is estimated the deal is worth €90 million.
In recent weeks speculation has reignited over Canal’s interest in the German pay-TV platform Premiere.