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Euronews
Euronews
Laure Valentin

VAT hike: Canal+ threatens to reduce its support for cinema

Tensions are rising between Canal+ and the government. As the executive prepares its 2027 budget, Maxime Saada is openly opposing plans to scrap the reduced VAT rate enjoyed by pay television. The Canal+ boss describes the move as "political" and "absurd", and says it would mean an additional cost of around 200 million euros a year for his group.

According to him, raising VAT from 10% to 20% could lead to higher subscription prices, as well as internal savings and job cuts.

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