France Telecom creates a subsidiary dedicated to cinematographic investments
Paris, November 7, 2006 - France Telecom announces the creation of a subsidiary responsible for investing in French and European cinematographic rights, both on co-production and acquisition of catalogs of rights. This structure, which will be part of the Content Division, headed by Patricia Langrand, is aiming to co-produce 10 to 15 French and European films a year in conjunction with key figures in the sector.
To implement this mission, France Telecom has asked Frédérique Dumas, an independent producer with over 10 years experience who has held numerous management positions within industry bodies in this sector, to manage this structure. She is reponsible for setting it up over the first quarter of 2007, and notably set up a team of professionals. This team will work with the entire sector, and notably independent distributors and producers.
This operation is fully in line with France Telecom’s strategy, which aims to move from a network access logic to a service access logic. Under its unique Orange brand, the Group is already offering Internet, mobile and television audiovisual content services. Orange’s objective is to offer customers the best in cinematographic creation.
This move reflects France Telecom’s commitment to playing a key role in the pre-financing of French and European cinema, contributing to its diversity and safeguarding the key balances in this sector.
“With the creation of this subsidiary, with a dedicated team and resources, France Telecom, with its Orange brand, is firmly committed to supporting cultural diversity and its financing”, explains Didier Lombard, the Chairman and Chief Executive Officer of France Telecom.
An independent producer for over 10 years with a highly diversified filmography: from “No man’s land” (Oscar for best foreign film) to “Dobermann” by Jan Kounen with Monica Belluci and Vincent Cassel, and “Before the rain” (Lion d’Or at Venice), “Train de vie” by Radu Mihaileanu or even “Les portes de la gloire” by Benoît Poelwoorde and Christian-Merret Palmair.
Frédérique Dumas has also served as the ministerial adviser for cinema for the French culture and communications ministry (1986-1988), head of development at Polygram Audiovisuel, chairman of the producers’ union (Chambre Syndicale des Producteurs) and the cinematographic industry liaison office (Bureau de Liaison des Industries Cinématographiques).
About France Telecom
France Telecom, one of the world’s leading telecommunications operators, serves more than 153 million customers on five continents (220 countries or territories) as of September 30, 2006 and had consolidated sales of 49 billion euros by IFRS standards in 2005 (38.4 billion euros for the year-to-date at September 30, 2006). Launched in June 2005, the NExT program (New Experience in Telecommunications) will allow the Group to pursue its transformation as an integrated operator and to make France Telecom the benchmark for new telecommunications services in Europe. On June 2006, Orange thus became the Group’s single brand for Internet, television and mobile in France, the United Kingdom, the Netherlands and Spain, and Orange Business Services the brand name for the services offered to businesses worldwide. France Telecom is number two mobile operator and provider of Internet services in Europe and amongst the world leaders in providing telecommunication services to multinational companies.
France Telecom (NYSE:FTE) is listed on Euronext Paris Eurolist market and on the New York Stock Exchange.
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