A global media company operating 42 TV channels and multiple digital products across six continents that’s a major player in content distribution and broadcasting worldwide is joining forces with Paris-based Canal+ Group.
CANAL+ is taking a 70% majority stake in SPI International. It’s a move that’s also a vote of confidence in SPI, as has pledged to keep the current management team and operational structure in place.
SPI’s Founder Loni Farhi and CEO Berk Uziyel will continue to manage and develop SPI’s business with the support of their executive committee. “The parties will be able to generate reciprocal synergies to further strengthen the two groups’ presence in the
international markets,” Canal+ says.
In a joint statement, Farhi and Uziyel said, “It is very exciting news and the start of a new era for SPI INTERNATIONAL. CANAL+ and SPI share a common vision for continuous growth and a strong international presence. We have been strategic partners for years, where we have built a great tradition of collaborations and achieving mutual goals. Now we will have the chance to join forces under one roof. SPI will further accelerate its growth with CANAL+ while leveraging natural synergies. SPI International has an amazingly talented team that has produced incredible growth in the last decade. Now, with this great team and with much enthusiasm, we are delighted to become part of the CANAL+ family. Our joined forces will strengthen the existing entertainment products and expand the distribution of our compelling content to far larger audiences.”
Maxime Saada, CEO of CANAL+ Group, adds, “The acquisition of SPI INTERNATIONAL is
part of the strategy we have been implementing for several years. We have set ourselves the goal of reaching a minimum of 30 million subscribers by 2025, and SPI INTERNATIONAL will certainly be a key asset in achieving this ambition.”
The completion of the transaction is subject to regulatory approval and is designed to help CANAL+ expand its content investment strategy, which already includes Studiocanal, and Kino Świat in Poland.