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Vivendi's Canal Plus confirms extension of Formula One rights in France

PARIS, May 4 (Reuters) - Vivendi's pay-TV network Canal Plus confirmed on Thursday it had won an extension of rights to broadcast Formula One motor-racing in France for the 2018, 2019 and 2020 seasons.

Sources told Reuters earlier that the French broadcaster had retained the rights.

Canal Plus currently pays about $40 million a year to broadcast Formula One through a 2013 contract that expires this year. The pay-TV operator did not disclose the value of the new contract. (Reporting by Mathieu Rosemain; Editing by Adrian Croft)