Latest news with #Pathe
Arab News
12-05-2025
- Business
- Arab News
French-Lebanese Saade holding company buys stake in Pathe cinemas
PARIS: French-Lebanese billionaire Rodolphe Saade's family holding Merit France has acquired a 20 percent stake in French cinema chain Pathe for an undisclosed amount, privately owned Pathe said on Monday. WHY IT'S IMPORTANT Saade and his shipping company CMA CGM have already become leading players in the French media landscape in recent years, buying up several newspapers as well as Altice Media, which owns 24-hour news channel BFM TV. The investment in Pathe builds on the family's interests in media and culture. CONTEXT Pathe, owned by French businessman Jerome Seydoux, is one of the world's oldest film companies, and is a leading producer as well as movie theater operator in Europe and Africa. The investment will help Pathe accelerate its development in producing films and series with an international reach, and to modernize its movie theaters, the statement said. KEY QUOTE 'We are committed to contributing to the development of the sector and promoting French film culture around the world,' said Rodolphe Saade.
Yahoo
12-05-2025
- Business
- Yahoo
Saade holding company buys stake in Pathe cinemas
PARIS (Reuters) -Billionaire Rodolphe Saade's family holding Merit France has acquired a 20% stake in French cinema chain Pathe for an undisclosed amount, privately owned Pathe said on Monday. WHY IT'S IMPORTANT Saade and his shipping company CMA CGM have already become leading players in the French media landscape in recent years, buying up several newspapers as well as Altice Media, which owns 24-hour news channel BFM TV. The investment in Pathe builds on the family's interests in media and culture. CONTEXT Pathe, owned by French businessman Jerome Seydoux, is one of the world's oldest film companies, and is a leading producer as well as movie theatre operator in Europe and Africa. The investment will help Pathe accelerate its development in producing films and series with an international reach, and to modernise its movie theatres, the statement said. KEY QUOTE "We are committed to contributing to the development of the sector and promoting French film culture around the world," said Rodolphe Saade. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
12-05-2025
- Business
- Reuters
Saade holding company buys stake in Pathe cinemas
PARIS, May 12 (Reuters) - Billionaire Rodolphe Saade's family holding Merit France has acquired a 20% stake in French cinema chain Pathe for an undisclosed amount, privately owned Pathe said on Monday. Saade and his shipping company CMA CGM have already become leading players in the French media landscape in recent years, buying up several newspapers as well as Altice Media, which owns 24-hour news channel BFM TV. The investment in Pathe builds on the family's interests in media and culture. Pathe, owned by French businessman Jerome Seydoux, is one of the world's oldest film companies, and is a leading producer as well as movie theatre operator in Europe and Africa. The investment will help Pathe accelerate its development in producing films and series with an international reach, and to modernise its movie theatres, the statement said. "We are committed to contributing to the development of the sector and promoting French film culture around the world," said Rodolphe Saade.
