Canal+ Group , which is led by CEO Maxime Saada and houses film production and distribution arm StudioCanal , on Thursday highlighted its “commitment to cinema.” The French media giant said in early September that it had entered exclusive negotiations to acquire a 34 percent minority stake in UGC, one of France’s largest cinema chains, with an option to take full control of the company in 2028. On Thursday, it said it had signed the deal.

“In addition to its cinema chain, UGC owns a high-quality content library and IP that would further expand Studiocanal’s catalogue, which already includes over 9,400 titles,” the company said. “The transaction demonstrates the group’s commitment to cinema.”

Canal+ Group , which is led by CEO Maxime Saada and houses film production and distrib

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