WARSAW: France's Canal Plus will acquire what is described as a "significant minority stake" in leading commercial Polish broadcaster TVN. TVN stock fell more than 10%, to 12.73 zloty on 31 October, and fell another 6% to 12 zloty when the market reopened on 2 November, after a 1 November public holiday in Poland.
Analysts quoted in Business Week said the decline was due to disappointment over a lack of a public tender and the lack of a strategic investor. The two broadcasters will likely merge their companies to create a satellite pay-TV broadcaster to compete with leading Polish satellite TV company Cyfrowy Polsat.
Details of the deal were not made public.
The Film New Europe (FNE) Association is the networking platform for film professionals in the CEE/SEE/Baltics region. The webportal and FNE newswire was chosen as the MAIN TOOL to achieve the network’s objectives of the sharing of know how, visibility of regional cultural diversity and finally the VOICE of the region.
FNE’s objectives include VISIBILITY for the region and AUDIENCES for films by providing a special focus on the region.