PARIS (Reuters) - Vivendi-owned (>> VIVENDI) French pay-TV channel Canal+ has proposed further concessions to regulators over its 2012 takeover of Bollore's (>> BOLLORE) Direct 8 TV channel after approval of the deal was overturned on procedural and antitrust grounds.

Canal+ has pledged not to buy the rights for pay-TV and free broadcasts of more than 20 recent French films per year, according to a statement from competition regulators, in an effort to resolve issues raised last month by France's highest administrative court.

It also offered other concessions on re-broadcasting French content on its two free-to-air channels.

The Competition Authority plans to consult France's broadcast and telecom regulators, as well as rivals to Canal+, between now and February 3 as part of a review of whether the new proposals will safeguard competition.

The sale of Direct 8 to Canal+ for around 279 million euros ($378 million) in Vivendi shares was validated by France's competition authority in September 2012, but was challenged by broadcasters TF1 (>> TF1) and M6 (>> METROPOLE TV M6).

The two competitors were keen to ensure the enlarged Canal+ group, now active in both pay and free television, did not have an unfair advantage when negotiating TV rights with film producers and sports federations.

A spokesman for Canal+ declined to comment.

(Reporting by James Regan and Leila Abboud; Editing by Mark Potter)

Stocks treated in this article : METROPOLE TV M6, TF1, VIVENDI, BOLLORE