Canal+ plans to invest at least 480 million euros ($503.4 million) over the next three years as part of an agreement with French cinema organizations. The Paris-based, London-listed broadcaster will invest 150 million euros in 2025, 160 million euros in 2026 and 170 million euros in 2027 as part of the agreement, it said late Monday.

France's Canal Group has signed a new agreement with French cinema guilds that calls for an investment of at least €480 million ($503 million) over three years and other measures. In return, Canal+ and Cine+ OCS – a family of pay-TV networks — will retain its ability to broadcast films as early as six months after theatrical release.