(This is an English courtesy translation of an original press release in French. Please consider that only the original version in French has legal value.) PRESS RELEASE
SACEM AND CANAL+ GROUP REACH AN AGREEMENT Paris, October 6, 2017 ‐ SACEM, the Society of Authors, Composers and Publishers of Music, and CANAL+ Group have announced today the signing of a global agreement on the payment of royalties for the use of works in SACEM's repertoire, across all CANAL+ Group's channels and services. Under the agreement, CANAL+ Group will pay SACEM all sums due for 2017 under the contracts it manages for all authors' societies, and to submit details of the works used, so that the sums collected can be distributed as soon as possible to the creators and publishers concerned. SACEM is dropping all pending legal proceedings which are no longer relevant where it is concerned following the agreement. SACEM and CANAL+ Group have also entered into a new agreement with a minimum duration of two years as of January 1, 2018. This will enable creators to receive payment in a satisfactory way. SACEM’s Chief Executive Officer Jean‐Noël Tronc remarked: "SACEM has defended the interests of its members uncompromisingly, to guarantee everyone the fairest remuneration terms. Once again, SACEM has demonstrated the importance of the collective management model in defending the rights of creators. We hope that the strategic repositioning of CANAL+ Group will allow it to successfully re‐establish itself to the benefit of the entire creative ecosystem". Jean‐Christophe Thiery, Chairman of the CANAL+ Group Management Board, commented: "CANAL+ Group is delighted to have entered this new partnership with SACEM for the coming years, which takes into account our new offers to subscribers and particularly the amount of sports on our channels and in our packages. With this agreement, our Group renews its commitment to the financing of creation and support of authors in France".
About Canal+ Group CANAL+ Group is the leading pay‐TV group in France, ranking first both for its premium‐content networks with the generalist channel CANAL+ and associated channels, and its themed networks, which include CINE+, SPORT+ and PLANETE+. It is also the top multi‐channel platform and distributor for pay‐TV offerings in France. CANAL+ Group has a high international profile, with a presence in pay‐TV in Africa, Poland and Vietnam. Overall, CANAL+ Group has over 14 million subscribers worldwide. A free‐to‐air TV operator with three national channels, including France fifth highest rating channel, C8, and in‐house advertising sales division CANAL+ REGIE, the Group is also a benchmark player in commercial TV. Through its subsidiary STUDIOCANAL, CANAL+ Group is the European leader in production and distribution of feature films and TV series.
About SACEM The Society of Authors, Composers and Publishers of Music (SACEM) aims to represent and defend its members’ interests in view of promoting musical creation in all its forms (from contemporary music to jazz, rap, hip‐hop, French chanson, film music, music for video, etc.) along with other repertoires (humor, poetry, dubbing‐subtitling, etc.). Its key mission is to collect royalties and distribute them to authors, composers and publishers whose works are disseminated or reproduced. A private organization, SACEM is a non‐profit entity managed by creators and publishers of music elected to its Board of Directors. It has 161,170 members, including 19,650 creators from outside France (4,206 new members in 2016) and represents over 118 million works from the global repertoire. In 2016, SACEM distributed royalties to 298,000 authors, composers and publishers worldwide for more than 2.2 million works.