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M7 Group

From Wikipedia, the free encyclopedia

Canal+ Luxembourg S.à.r.l.
Canal+
Company typeSubsidiary
IndustryMedia
Predecessors
  • M7 Group S.A.
  • UPC DTH S.à.r.l.
FoundedOctober 2009
HeadquartersLuxembourg
Area served
Austria, Belgium, Czech Republic, Hungary, Netherlands, Romania, Slovakia, Germany
Key people
Hans Troelstra (CEO)
Brands
Services
Revenue€318.9 million (2018) [1]
Number of employees
180 [2]
ParentAstorg (2014–2019)
Groupe Canal+ (2019–present)
Websitewww.m7group.eu

M7 Group (legally Canal+ Luxembourg S.à.r.l.) is a Luxembourg-based television provider owned by the French media conglomerate Canal+.

It operates several direct broadcast satellite pay TV platforms: HD Austria in Austria, Télésat in Belgium and Luxembourg, TV Vlaanderen in the Flanders region in Belgium, Skylink in Czech Republic and Slovakia, Canal Digitaal and Online.nl in the Netherlands, Focus Sat in Romania, and Direct One in Hungary. It also operates a terrestrial pay television platform in Flanders, Belgium, and offers B2B multimedia services.

Groupe Canal+ bought the company in 2019, and M7 has been rebranding some of its services as Canal+ since 29 January 2024.

History

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M7 Group previous logo

The private equity firm Astorg acquired a majority of the company in July 2014 for €350 million[2] via its Fund V from Providence and Airbridge Investments.[3] Providence is a Private Equity investment firm and Airbridge Investments is the holding company of executives Hans Wolfert and Cees Bohnenn.[4] In December 2017 the company became fully owned by Astorg. The exit of minority shareholders took place at the time of a €570 million debt refinancing which allowed to pay a dividend of €175 million to the former shareholders.[5]

On 30 July 2014, its subsidiary M7 Deutschland bought the German B2B satellite platform Kabelkiosk from Eutelsat.[6]

In 2016 M7 Group closed the Hungarian satellite platform Hello HD.

In December 2018 the company announced the purchase of Liberty Global's satellite operations located in Czech Republic, Slovakia, Hungary and Romania for €180 million.[7] This sale was prcoesed after necessary permissions, in spring 2019.[8] Freesat platform acquired in the Czech Republic and Slovakia has been integrated into Skylink.

On 28 May 2019, it announced that Vivendi's Canal+ Group will take over M7 Group for 1.1 billion euros.[9] The sale was effectuated on 12 September 2019 after the European Commission gave its permission.[10]

M7 Group announced that Diveo, the German satellite platform which was launched in February 2018, will be closed on 30 November 2019. In July 2020, M7 Group S.A. merged with UPC DTH S.à.r.l. and changed its official name into Canal+ Luxembourg S.à.r.l. The M7 brand name remains in use with the "A Canal+ Group company" tagline.[citation needed]

Groupe Canal+ bought the company in 2019, although retains its own name.[11] M7 has been rebranding as Canal+ from 29 January 2024.[12][13]

References

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  1. ^ "M7 Group ziet omzet in 2018 met 2% groeien naar EUR 319 miljoen". www.telecompaper.com (in Dutch). Retrieved 17 September 2019.
  2. ^ a b "Our investments - Astorg". www.astorg.com. Retrieved 8 January 2019.
  3. ^ "RLPC-Astorg acquires majority stake in TV firm M7". Reuters. 28 July 2014. Retrieved 8 January 2019.
  4. ^ "Providence koopt meerderheid holding Canal Digitaal BV | DutchMedia Blog 2003-2012". 22 February 2007. Retrieved 7 January 2019.
  5. ^ "M7 closes €570 million dividend recap". Reuters. 21 December 2017. Retrieved 7 January 2019.
  6. ^ "M7 Deutschland buys KabelKiosk from Eutelsat". BroadbandTV News. 20 May 2014.
  7. ^ "Liberty Global to sell Eastern Europe DTH operations to M7". Reuters. 21 December 2018. Retrieved 7 January 2019.
  8. ^ "M7 wins UPC DTH takeover approval". BroadbandTV News. 15 April 2019. Retrieved 17 September 2019.
  9. ^ "Vivendi's Canal Plus to buy M7 for 1 billion euros to expand its European reach". www.reuters.com. Retrieved 17 September 2019.
  10. ^ "Merger Cases M.9416 Vivendi - BOLLORE GROUP M7 GROUP". www.europe.eu. 5 September 2019. Retrieved 8 January 2019.
  11. ^ "CANAL+ International". CANAL+ Group. 31 December 2023. Retrieved 16 May 2024.
  12. ^ Priestley, Jenny (4 December 2023). "Canal+ Group expands European streaming footprint". TVBEurope. Retrieved 7 January 2024.
  13. ^ "CANAL+ IS COMING TO THE NETHERLANDS WITH A NEW STREAMING PLATFORM | M7 Group". www.m7group.eu. Retrieved 7 January 2024.
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