French court orders Vivendi's pay-TV to honor contract with beIN - sources

Yearly contract runs until 2024

  
A woman walks walk past the main entrance of the entertainment-to-telecoms conglomerate Vivendi's headquarters in Paris April 8, 2015.

A woman walks walk past the main entrance of the entertainment-to-telecoms conglomerate Vivendi's headquarters in Paris April 8, 2015.

REUTERS/ Gonzalo Fuentes

PARIS- A French court on Thursday ordered Vivendi's pay TV unit Canal Plus  to honor its sub-licensing contract with Qatari-owned beIN Sports over Ligue 1 soccer broadcasting rights or face a penalty of 1 million euros per day, two sources close to the matter said.

The yearly contract, which runs until 2024, amounts to 332 million euros, sources have told Reuters.

A spokesperson for Vivendi's Canal Plus division declined to comment on the court ruling.

(Reporting by Mathieu Rosemain Editing by GV De Clercq) ((Mathieu.Rosemain@thomsonreuters.com; +33 1 8098 1239; Reuters Messaging: mathieu.rosemain.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/MathieuRosemain))