French pay TV operator Canal Plus and French telco Orange have dropped their plan to form a 50/50 joint venture between Canal Plus’s TPS Star service and Orange’s film and TV series channels, according to reports in French newspapers.

A new plan to see Canal Plus buy a minority stake in Orange’s channels has been announced to Orange Cinema Series’ workers’ council. This approach will avoid the operation’s scrutiny and possible rejection by France’s competition authority.

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Categories: Articles, Business, Joint Venture, M&A, Pay TV