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StudioCanal
StudioCanal S.A.S.[1] (formerly known as Le Studio Canal+, Canal Plus, Canal+ Distribution, Canal+ D.A., and Canal+ Production and also known as StudioCanal International) is a French film & television production and distribution company which is a subsidiary of the Canal+ Group. As of May 2024[update], the company has 14 production companies in Europe and the United States, and holds around 9,000 titles in its extensive film library. HistoryOn 1 January 1987, Canal+ Productions was founded as a cinema film co-production subsidiary of the cable channel which had been established in November 1984, Canal+. The subscription channel was co-founded by André Rousselet[2] and Pierre Lescure.[3][4] This was to reduce Canal+'s dependence on the American major studios by building its own library that the pay-TV channel could use on their own channels and internationally.[2] By December 1990, Canal+ Productions rebranded to Le Studio Canal+, and released its first film, The Double Life of Veronique, by Krzysztof Kieslowski.[4] By the early 1990s, it became apparent that Canal+ was a major contributor to the French film industry, with its obligation to spend 10% of its income on French-made films, as well as being Europe's largest buyer of American film rights.[2] Canal+ also made investments in other companies. In 1991 it bought a five percent stake in the independent American studio Carolco Pictures.[2] However, in 1992, Le Studio Canal+ suffered financial difficulties after Carolco Pictures entered a corporate restructure.[citation needed] StudioCanal's most notable productions from its early years include Terminator 2: Judgment Day, JFK, Basic Instinct, Cliffhanger, Under Siege, Free Willy, and the original Stargate movie. In those days, it was known as either Le Studio Canal+ or simply Canal+.[citation needed] Other films the company financed include U-571, Bully, and Bridget Jones's Diary. StudioCanal also funded the last third of David Lynch's film Mulholland Drive.[5] StudioCanal also financed French-language films, such as Brotherhood of the Wolf (which became the sixth-highest-grossing French-language film of all time in the United States) and Intimate Strangers. Films such as Terminator 2: Judgment Day which grossed US$519 million, Basic Instinct which grossed US$352 million and The Tourist which grossed US$278 million worldwide, have been big box-office hits for StudioCanal.[6][7][8] In January 1996, Le Studio Canal+ made a $56 million bid for Carolco Pictures' library. 20th Century Fox, which had originally agreed to buy the library for $50 million, had dropped their bid to $47.5 million and ultimately dropped out of contention, making this acquisition Canal+'s first foray into library acquisitions.[9][10] Le Studio Canal+'s original plan was to build a pan-European distribution network. They made their first known acquisition into a foreign market in 1997 when they bought a 20% minority stake in Germany's Tobis Film; they would later increase the stake to 60% in February 2000, renaming the company Tobis StudioCanal.[11][12] On 1 December 1998, all of Canal+ film, television, music, video production activities, etc., were grouped into a new entity, Canal+ Image, which was rebranded as StudioCanal in 2000.[4] In December 2000, StudioCanal partnered with Italian public broadcasting company RAI to launch a joint venture distribution company in Italy, marking StudioCanal's first entry into the Italian film market; the company's name was revealed to be 01 Distribution in May 2001.[13][14] In July 2001, StudioCanal entered the Spanish film industry by acquiring a 45% stake in Sogepaq from Spanish pay television company Sogecable (Vivendi Universal owned 21% of Sogecable at the time) for $36.2 million, also giving the former a 73% controlling stake in its Spanish subsidiary StudioCanal España and a minority stake in the joint venture Warner Sogefilms.[15][16][17] The following month, StudioCanal acquired a 52% stake in French television production powerhouse Expand.[18] In May 2002, StudioCanal expanded their Italian operations by setting up an in-house production outfit based in Rome named StudioCanal Urania, aiming to produce upto three films annually.[19] In late-September 2002, StudioCanal announced that they and BAC Majestic had parted ways. Terms of the deal included the sale of their joint venture Mars Distribution to StudioCanal, while BAC Distribution would revert to BAC Majestic.[20][21] Staff departures and its parent Vivendi Universal's debt forced StudioCanal to gradually sell off their interests in these companies:
Three years later, StudioCanal re-entered the international market by acquiring British film distributor Optimum Releasing in May 2006 as their first expansion into the United Kingdom, releasing their British film and television catalogue, including the EMI Films library, through the newly acquired company.[28] A year later in 2007, Optimum Home Entertainment and Lionsgate UK acquired Elevation Sales, a home entertainment sales and distribution company.[29][30] In August 2007, StudioCanal partnered with NBC Universal's international home entertainment division Universal Pictures International Entertainment to launch a joint venture home entertainment distribution subsidiary called Universal Studio Canal Video.[31] In January 2008, StudioCanal acquired German-based film independent distributor Kinowelt, which had distributed StudioCanal's films there until then, marking a re-entry for StudioCanal into the German market.[32][4] Kinowelt also owned the DVD label Arthaus. Both Optimum Releasing and Kinowelt have since been merged into StudioCanal were rebranded as StudioCanal Limited and StudioCanal GmbH respectively.[33] In January 2012, StudioCanal expanded its European operations by acquiring a majority stake in Munich-based producer and distributor Tandem Productions, marking the company's first major move into television production. StudioCanal would later buy out the company's remaining shares in May 2020.[34][35] In July 2012, StudioCanal made a deal with Australian & New Zealans cinema chain Hoyts to acquire the latter's independent film distribution division Hoyts Distribution, marking StudioCanal's first acquisition outside of Europe; the company was rebranded to StudioCanal Pty Limited in April 2013.[36][37] In December 2013, StudioCanal announced its acquisition of a majority stake in the British independent TV production company Red Production Company.[38] In May 2014, StudioCanal expanded their operations into the Scandinavian market, joining forces with Danish screenwriter & author Søren Sveistrup, screenwriter Adam Price and film & television producer Meta Louise Foldager to launch a new Danish television production company based in Copenhagen named SAM Productions, with the latter becoming CEO of the new production company.[39] In September 2014, StudioCanal announced a first-look deal with the newly established American entertainment company The Picture Company, founded by former Silver Pictures employees Andrew Rona and Alex Heinemann. The deal was extended in May 2023, with StudioCanal acquiring a minority stake in the company alongside a new five-year deal.[40] In May 2015, StudioCanal collaborated with Japanese publishing company Kadokawa Corporation to restore Akira Kurosawa’s highly acclaimed film Ran for its 30th anniversary with French film processing company Éclair restoring the film in 4K under the supervision of the two companies ahead of the film's re-release in Japanese theatres before releasing it to French cinemas.[41] In April 2016, StudioCanal acquired a 20% stake in two London-based British film and television production companies: actor Benedict Cumberbatch's film and television production company SunnyMarch TV and Johnny Capps & Julian Murphy's television production company Urban Myth Films, also acquiring a 33% stake in Spanish television production company Bambú Producciones.[42][43] In June 2016, StudioCanal acquired the Paddington Bear brand along with Paddington & Company and The Copyrights Group, the franchise's merchandise licensing agent. StudioCanal then announced that it would be producing three more Paddington films, including a show on Nick Jr. in 2020.[44] In July 2021, StudioCanal announced its acquisition of German production company Lailaps Films.[45] In June 2022, StudioCanal expanded into the Benelux market by acquiring a majority stake in the Dutch independent film production and distribution firm Dutch FilmWorks.[46] In October 2022, StudioCanal entered a partnership with Rome-based Italian film production company Elsinore Film to jointly co-develop and co-produce a slate of scripted and unscripted content for the international market.[47] In March 2024, StudioCanal launched their first in-house production label, an unnamed film & television production genre label dedicated to horror, thriller and sci-fi action movies and had hired former StudioCanal UK executive Jed Benedict as the CEO of the label.[48][49] In April 2024, StudioCanal launched a production label dedicated to publishing book-to-screen adaptations called StudioCanal Stories.[50] In July 2024, StudioCanal expanded their American operations by launching their second American office based in New York City and had promoted former global distribution sales chief Anne Chérel to oversee the office as StudioCanal's American CCO.[51] In September 2024, StudioCanal rebranded their merchandising and licensing company The Copyrights Group to StudioCanal Kids & Family to expand their kids and family brand portfolio; they will also lead on worldwide brand development, licensing and retail services including their own IP Paddington Bear, with Francoise Guyonnet continuing to be the CEO of the renamed division.[52][53] In October 2024, StudioCanal signed an international distribution deal with American independent film production company River Road Entertainment for nine feature films and two documentaries for theatrical, TV, SVOD and other media.[54] Film libraryStudioCanal acquired film libraries from studios that either became defunct or had merged with it over the years, currently holding more than 9,000 titles as a result.[55] StudioCanal owns the libraries of the following companies:
Former agreements
Television seriesStudioCanal currently[when?] owns the rights to over 30 television series, mostly produced by TANDEM Productions and Red Production Company, including The Avengers, Rambo: The Force of Freedom, Paranoid, Public Eye, Crazyhead, Take Two, Wanted Dead or Alive, The Adventures of Paddington (2019), and international rights to The Big Valley.[citation needed] DistributionOutside France, the British Isles, Australia, New Zealand and Germany, StudioCanal does not have a formal distribution unit per se, instead relying on other distribution studios and home video distributors to handle their titles. In North America for example, The Criterion Collection, Rialto Pictures, Lionsgate Home Entertainment, Metro-Goldwyn-Mayer (for the Embassy catalog), Universal Pictures (for co-productions), Shout! Studios and Kino Lorber distribute StudioCanal's back catalogue on DVD and Blu-ray Disc (in addition, Anchor Bay Entertainment and Image Entertainment previously owned several of their titles). Sony Pictures Home Entertainment has handled distribution of StudioCanal/Hoyts Distribution films in Australia and New Zealand on DVD and Blu-ray since early 2013. From the 1990s to early 2000s, Warner Home Video formerly handled distribution of select StudioCanal titles through the Canal+ Image label in the United Kingdom on VHS and DVD until 2006 when StudioCanal opened its own distribution unit in the UK, with titles distributed through Optimum Releasing (via Universal Pictures Home Entertainment from 2006 to 2007 and Elevation Sales since 2007).[28] StudioCanal had the European home video distribution rights to 550 titles from the Miramax library, shared with Lionsgate in the UK and Ireland, from 2011 to 2020,[70][71] when ViacomCBS bought a minority stake in Miramax. On 13 October 2021, StudioCanal announced that its global distribution deal with Universal would expire in January 2022.[72] Selected films produced by StudioCanal or associated companies
References
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