Canal+ has won an extension on its rights to Formula One motor racing through to 2010.
Its existing contract, signed in 2013, expires at the end of the season. The new package includes the rights to Formula 1, Formula 2 and GP3.
Maxime Saada, Managing Director of Canal+ Group, said: “Canal+ Group is pleased to have won the Formula 1 rights until 2020 and to continue to offer its subscribers this formidable competition in full and exclusivity. This result is rewarding the work of the sports editorial team of Canal+ directed by Thierry Cheleman. It was able to mark its editorial difference in the coverage of this major event, which earned it the prize for the best broadcaster in 2014”.
Parent Vivendi also has its eye on synergies with other companies in the group, particularly
Dailymotion, gaming and music.
Terms of the agreement have not been released, but the current contract is known to be worth €36 million a year.