# Canal+ Touts ‘Les Mis,’ ‘Shaun the Sheep,’ ‘Pressure’ Box Office, Warns of Impact of French VAT Proposal

- URL: https://talkfuse.com/story/canal-touts-les-mis-shaun-the-sheep-pressure-box-office-warns-of-impact-of-french-vat-proposal/
- Published: 2026-10-22T08:40:00+00:00
- Updated: 2026-10-22T09:40:29+00:00
- Original publisher: The Hollywood Reporter
- Original article: https://www.hollywoodreporter.com/business/business-news/canal-plus-touts-les-miserables-shaun-the-sheep-france-vat-1236737989/
- Topics: Business, Companies, Entertainment, Film, Geopolitics, Politics

## Key points

- Canal+ highlighted strong box-office results for StudioCanal releases.
- Revenue rose 37.5 per cent, largely due to MultiChoice.
- A proposed French VAT rise could prompt price increases and cost cuts.

## Summary

Canal+ said StudioCanal’s 2026 releases, including *Les Misérables*, *The Doll* and the third *Shaun the Sheep* film, have performed strongly at the box office. The company also warned that a proposed French VAT increase could weigh on its finances, though the measure has not yet been decided.

Canal+ reported revenue of €6.41 billion for the first nine months of 2026, up 37.5 per cent, largely because it acquired MultiChoice; excluding that acquisition, revenue rose 1.3 per cent to €4.65 billion. StudioCanal’s segment revenue increased 9.3 per cent to €530 million, while the group said it plans subscription price rises and cost cuts if the VAT proposal becomes law, with the full effect expected in 2028. It also cited new UEFA club competition rights across more than 40 African countries from 2027 to 2031.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.