Canal+, the French pay-TV giant, has pledged more than $1 billion (€980 million to €1 billion) to invest in French and European cinema over the next five years. The commitment was formalized in a deal with France's BLOC group, which represents film guilds, director bodies, and animation organizations. The agreement covers the period from 2028 to 2032. Canal+ Chairman and CEO Maxime Saada announced the pact on social media, calling it "historic" and reaffirming the company's role as a major investor in the film industry. The investment will support both French and European productions, bolstering the region's cinematic output. The deal was reached with multiple industry groups including SRF, SPI, UPC, DIRE, SDI, Animfrance, and ARP. This marks a significant financial commitment from Canal+, which has long been a key player in funding French cinema. The details of how the funds will be distributed or which specific projects will benefit have not been disclosed. The announcement comes as the film industry continues to adapt to changing viewing habits and financial pressures. Both reports highlight the magnitude of the investment, with one citing €980 million and the other nearly €1 billion, emphasizing Canal+'s continued dedication to the film sector.