Those 59 conditions avoid “the risks of attempting to the concurrence that the fusion presented/displayed in several markets”, according to an official notice of the Gallic executive.
“The commitments accepted by Vivendi and Canal Plus allow to assure that an effective competition will be preserved after the operation in the market of the pay television and that the consumer will have beneficial effects”, it continues the official notice.
Between the conditions accepted by Vivendi, they appear “a certain number of guarantees on the market of purchase of rights, especially for the French cinema”.
The duration of contracts for the purchase of films and series, for example, will be limited.
Vivendi and Canal Plus are had it also jeopardize “to make available” of other distributers seven chains that form the new platform, among them the chain star of TPS, TPS Star, and Sport Extra.
The project of fusion of TPS (filial of the groups of television TF1 and M6) and of Canalsat (filial of Canal Plus) anticipates the creation of a new set baptized temporarily Canal+ France.
In agreement with the presented/displayed scheme, it will be controlled in a 65% by Canal+, a 20% by Lagardere, a 9.9% by TF1 and a 5.1% by M6.
This authorization “constitutes a stage important of the development of the Group Canal Plus to construct a great French actor of the audio-visual one who will be able to confront the competition of foreign operator and communications groups of telecommunications”, emphasized Vivendi in another official notice.
“The new platform will contribute to invigorate and to extend the French market of the television and of the cinema”, it also emphasized Vivendi, that “it is congratulated” by the decision of the Gallic Government.
It assured that the beneficiary majors will be the viewers, because they will be able to accede to “one more a richer, diversified and attractive supply”.
“The closing of the operation would have to take place throughout the fourth trimester of 2006”, concludes Vivendi in its official notice.