Canal+ owner Vivendi is still exploring a stock split, as it today posted first quarter revenues up significantly.
France-based Vivendi posted Q1 revenues of €4.28B ($4.6B), up 5.4% on 2023’s numbers when using constant currencies and and the businesses the firm owns today. No earnings were revealed in the unaudited numbers.
Within those numbers, Canal+ saw revenues grow 4.3% year-on-year to €1.5B (+3.5% at constant currency and perimeter). International revenues were up 5.8% thanks to subscriber growth, particularly in Africa, where Canal+ has been buying up shares in MultiChoice and looks set to take over the South African giant. Mainland France TV operations revenue was up over 5%.
However, Studiocanal saw revenues decline compared with 2023, when the likes of Alibi.com 2 and John Wick 2 had significant domestic and international launches.
Other notable performances saw social video platform Dailymotion increase revenues by 24.8%, with the ‘New Initiatives’ division it is housed in posting €42M in revenues overall.
France-based Vivendi posted Q1 revenues of €4.28B ($4.6B), up 5.4% on 2023’s numbers when using constant currencies and and the businesses the firm owns today. No earnings were revealed in the unaudited numbers.
Within those numbers, Canal+ saw revenues grow 4.3% year-on-year to €1.5B (+3.5% at constant currency and perimeter). International revenues were up 5.8% thanks to subscriber growth, particularly in Africa, where Canal+ has been buying up shares in MultiChoice and looks set to take over the South African giant. Mainland France TV operations revenue was up over 5%.
However, Studiocanal saw revenues decline compared with 2023, when the likes of Alibi.com 2 and John Wick 2 had significant domestic and international launches.
Other notable performances saw social video platform Dailymotion increase revenues by 24.8%, with the ‘New Initiatives’ division it is housed in posting €42M in revenues overall.
- 4/29/2024
- by Jesse Whittock
- Deadline Film + TV
Growth at acquired publisher Lagardere, pay TV unit Canal+ Group, and advertising giant Havas helped drive first-quarter revenue at French media and telecommunications conglomerate Vivendi, which is also moving ahead with studying a possible split into four separate companies.
Vivendi posted quarterly revenue of €4.28 billion ($4.59 billion) on Monday, an increase of 5.4 percent over the year-ago period when using constant currencies and focusing on the businesses that the company owns now. The company, led by chairman Yannick Bolloré and CEO Arnaud de Puyfontaine, did not disclose its earnings before interest, taxes and amortization (Ebita) on Monday.
Management touted strong growth of its core units, which has encouraged it to consider a split of the company since late last year. “Since the distribution and listing of Universal Music Group in 2021, Vivendi has endured a significantly high conglomerate discount, substantially reducing its valuation and thereby
limiting its ability to carry out external growth transactions for its subsidiaries,...
Vivendi posted quarterly revenue of €4.28 billion ($4.59 billion) on Monday, an increase of 5.4 percent over the year-ago period when using constant currencies and focusing on the businesses that the company owns now. The company, led by chairman Yannick Bolloré and CEO Arnaud de Puyfontaine, did not disclose its earnings before interest, taxes and amortization (Ebita) on Monday.
Management touted strong growth of its core units, which has encouraged it to consider a split of the company since late last year. “Since the distribution and listing of Universal Music Group in 2021, Vivendi has endured a significantly high conglomerate discount, substantially reducing its valuation and thereby
limiting its ability to carry out external growth transactions for its subsidiaries,...
- 4/29/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
Vivendi saw its revenues rise by 9.5% to €10.5 billion ($11.4 billion) in 2023, bolstered by the performance of Canal+ Group and Havas, as well as the integration of French media and publishing giant Lagardere in December. Vivendi also posted a net profit of $443 million (€405 million).
Canal+ Group, which comprises pay TV giant Canal+ and the production-distribution company Studiocanal (“Paddington”), is pursuing its international development, particularly in Asia, the Nordic countries and Africa. Canal + Group has just increased its stake in leading Chinese streamer Viu to 30%, and also owns a 30% stake in South African streamer MultiChoice, along with a 29.33% stake in Viaplay in the Nordics. Vivendi said it will make a mandatory offer for MultiChoice by April 8.
Canal+ has also increased its subscriber base to 900,000 new subs, both in France and abroad in 2023. The group currently boasts 26.4 million subscribers in nearly 50 countries. In mainland France, Canal+ also recorded a net growth of 290,000 subscribers over the past twelve months,...
Canal+ Group, which comprises pay TV giant Canal+ and the production-distribution company Studiocanal (“Paddington”), is pursuing its international development, particularly in Asia, the Nordic countries and Africa. Canal + Group has just increased its stake in leading Chinese streamer Viu to 30%, and also owns a 30% stake in South African streamer MultiChoice, along with a 29.33% stake in Viaplay in the Nordics. Vivendi said it will make a mandatory offer for MultiChoice by April 8.
Canal+ has also increased its subscriber base to 900,000 new subs, both in France and abroad in 2023. The group currently boasts 26.4 million subscribers in nearly 50 countries. In mainland France, Canal+ also recorded a net growth of 290,000 subscribers over the past twelve months,...
- 3/8/2024
- by Elsa Keslassy
- Variety Film + TV
A hike in subscribers for French pay-tv giant Canal+ Group as well as a successful year at the box office in France for Studiocanal helped drive positive 2023 results for parent company Vivendi, which were released Thursday evening after the close of the local stock exchange.
The media and communications giant posted a net profit of $443M (€405M) after a loss of $1.07B (1.01B Euros) for 2022, linked to the deconsolidation of its Telecom Italia stake.
Full-year revenue rose 9.5% to $11.4B (€10.5B), against $10.1B (€9.6B) in 2022. Earnings before interest, taxes, and amortisation (Ebita) rose by 7.5% year-on-year to $1.02B (€934M), against $915M (€868M) in 2022.
Despite the positive results, the Vivendi share price was trading lower in Paris on Friday morning, with analysts citing the lack of an update on plans to split the group into separate entities, first announced last December, as a factor weighing on the title.
Vivendi Chairman Yannick Bolloré gave...
The media and communications giant posted a net profit of $443M (€405M) after a loss of $1.07B (1.01B Euros) for 2022, linked to the deconsolidation of its Telecom Italia stake.
Full-year revenue rose 9.5% to $11.4B (€10.5B), against $10.1B (€9.6B) in 2022. Earnings before interest, taxes, and amortisation (Ebita) rose by 7.5% year-on-year to $1.02B (€934M), against $915M (€868M) in 2022.
Despite the positive results, the Vivendi share price was trading lower in Paris on Friday morning, with analysts citing the lack of an update on plans to split the group into separate entities, first announced last December, as a factor weighing on the title.
Vivendi Chairman Yannick Bolloré gave...
- 3/8/2024
- by Melanie Goodfellow
- Deadline Film + TV
The European Commission has given the greenlight for French conglom Vivendi’s acquisition of the Lagardère Group.
The acquisition will make the Paris-based group one of the biggest media and entertainment groups in Europe, on a par with Germany giant Bertelsmann.
Key Lagardère assets include the Hachette publishing group, prestigious weekly magazine Paris Match, the radio station Europe 1 and newspaper kiosk chain Relay.
The approval is contingent on the conglom honoring commitments to sell 100% of its share capital in French publishing house Editis as well as the full sale of celebrity magazine Gala, which currently published under the umbrella of Vivendi’s Prisma Group.
In its press release, Vivendi recalled it had entered into a put option agreement for Editis with Czech mogul Daniel Kretinsky’s International Media Invest on April 23 2023, and noted there was strong interest in Gala too.
Vivendi said it was confident that it would be...
The acquisition will make the Paris-based group one of the biggest media and entertainment groups in Europe, on a par with Germany giant Bertelsmann.
Key Lagardère assets include the Hachette publishing group, prestigious weekly magazine Paris Match, the radio station Europe 1 and newspaper kiosk chain Relay.
The approval is contingent on the conglom honoring commitments to sell 100% of its share capital in French publishing house Editis as well as the full sale of celebrity magazine Gala, which currently published under the umbrella of Vivendi’s Prisma Group.
In its press release, Vivendi recalled it had entered into a put option agreement for Editis with Czech mogul Daniel Kretinsky’s International Media Invest on April 23 2023, and noted there was strong interest in Gala too.
Vivendi said it was confident that it would be...
- 6/11/2023
- by Melanie Goodfellow
- Deadline Film + TV
Vivendi, the parent company of Canal+ Group, has received the green light from the European Commission to proceed with the full acquisition of Lagardère, the French media, publishing and travel retail conglomerate. Vivendi previously held a 57.35% stake in Lagardere following a public tender offer held last year.
This European Commission has given its approval under Vivendi’s two proposed commitments, starting with the sale of 100% of the share capital of its publishing group Editis, as well as the full sale of Gala magazine. Vivendi said it expects to close both deals by the end of October. It entered into exclusive negotiations to sell Editis to a subsidiary of Czech Media Invest (Cmi) founded by Daniel Kretinsky, in March. The Paris-based banner is home to Robert Laffont, Plon and Julliard, among others.
The European Commission had raised anti-trust concerns over Vivendi’s contemplated ownership of both Hachette and Editis, leading Vivendi...
This European Commission has given its approval under Vivendi’s two proposed commitments, starting with the sale of 100% of the share capital of its publishing group Editis, as well as the full sale of Gala magazine. Vivendi said it expects to close both deals by the end of October. It entered into exclusive negotiations to sell Editis to a subsidiary of Czech Media Invest (Cmi) founded by Daniel Kretinsky, in March. The Paris-based banner is home to Robert Laffont, Plon and Julliard, among others.
The European Commission had raised anti-trust concerns over Vivendi’s contemplated ownership of both Hachette and Editis, leading Vivendi...
- 6/9/2023
- by Elsa Keslassy
- Variety Film + TV
Vivendi, the parent company of French pay TV banner Canal+ Group, has sees revenues rise by 3.3% to €2.29 billion ($2.52 billion) during the first quarter of 2023.
Vivendi attributes the growth to all its subsidiaries, in particular Studiocanal, the film and TV production and distribution company of Canal+, whose revenues went up by 13.6% compared with the first quarter of 2022 driven by the success of several films, including the comedy “Alibi.com 2” and “John Wick 4.”
Among the several high profile deals signed by the company during the first quarter, Canal+ inked an agreement with French telco Orange to acquire all shares of its pay TV package Ocs, as well as Orange Studio, the film and series co-production subsidiary.
The company’s video game banner Gameloft saw its business jump by 14%, boosted by its new game Disney Dreamlight Valley. Another popular game, Disney Speedstorm, launched this month.
Yannick Bolloré, chairman of the supervisory board of Vivendi,...
Vivendi attributes the growth to all its subsidiaries, in particular Studiocanal, the film and TV production and distribution company of Canal+, whose revenues went up by 13.6% compared with the first quarter of 2022 driven by the success of several films, including the comedy “Alibi.com 2” and “John Wick 4.”
Among the several high profile deals signed by the company during the first quarter, Canal+ inked an agreement with French telco Orange to acquire all shares of its pay TV package Ocs, as well as Orange Studio, the film and series co-production subsidiary.
The company’s video game banner Gameloft saw its business jump by 14%, boosted by its new game Disney Dreamlight Valley. Another popular game, Disney Speedstorm, launched this month.
Yannick Bolloré, chairman of the supervisory board of Vivendi,...
- 4/24/2023
- by Elsa Keslassy
- Variety Film + TV
Click here to read the full article.
French media and telecommunications conglomerate Vivendi reported higher first-half revenue and earnings on Thursday, driven by gains at advertising giant Havas, but also pay TV unit Canal+ Group.
Revenue for the first six months of 2022 reached €4.87 billion (4.94 billion), up 10.9 percent, or 5.4 percent on an organic basis, which focuses on constant currencies and current assets, compared to the year-ago period. Earnings before interest, taxes and amortization (Ebita) jumped 31.5 percent to €412 million (418 million), “thanks notably to the contribution of Canal+ Group, the growth of Havas Group and the integration of (French magazine publisher) Prisma Media.”
Vivendi also broke out revenue for the second quarter, which rose 8.6 percent to €2.50 billion, “mainly due to Havas Group’s very good momentum.” Focusing on constant currency and assets, quarterly revenue grew by 3.1 percent, led by Havas, while Canal+ recorded a 1.3 decline on that basis.
“As reflected in the 31.5 percent increase in Ebita,...
French media and telecommunications conglomerate Vivendi reported higher first-half revenue and earnings on Thursday, driven by gains at advertising giant Havas, but also pay TV unit Canal+ Group.
Revenue for the first six months of 2022 reached €4.87 billion (4.94 billion), up 10.9 percent, or 5.4 percent on an organic basis, which focuses on constant currencies and current assets, compared to the year-ago period. Earnings before interest, taxes and amortization (Ebita) jumped 31.5 percent to €412 million (418 million), “thanks notably to the contribution of Canal+ Group, the growth of Havas Group and the integration of (French magazine publisher) Prisma Media.”
Vivendi also broke out revenue for the second quarter, which rose 8.6 percent to €2.50 billion, “mainly due to Havas Group’s very good momentum.” Focusing on constant currency and assets, quarterly revenue grew by 3.1 percent, led by Havas, while Canal+ recorded a 1.3 decline on that basis.
“As reflected in the 31.5 percent increase in Ebita,...
- 7/28/2022
- by Georg Szalai and Etan Vlessing
- The Hollywood Reporter - Movie News
Maxime Saada, the chairman and CEO of Canal+ Group and chair of its film and TV subsidiary Studiocanal, has joined the management board of Vivendi.
The arrival of Saada within Vivendi’s management board is part of the company’s recent strategic moves and underscores its ambition to continue growing its international scope and focus on content, media and communications. The management board, which remains chaired by Arnaud de Puyfontaine (who is also CEO), welcomed several other new members alongside Saada.
Last month, Vivendi, whose supervisory board is chaired by Yannick Bolloré, launched a takeover bid for Lagardère, the French publishing and travel retail conglomerate, following the distribution of 60 of the share capital of Universal Music Group and its listing on the Amsterdam stock exchange.
“I am truly honoured to join Vivendi’s management board under the leadership of Yannick Bolloré and Arnaud de Puyfontaine. I am eager to accelerate the transformation,...
The arrival of Saada within Vivendi’s management board is part of the company’s recent strategic moves and underscores its ambition to continue growing its international scope and focus on content, media and communications. The management board, which remains chaired by Arnaud de Puyfontaine (who is also CEO), welcomed several other new members alongside Saada.
Last month, Vivendi, whose supervisory board is chaired by Yannick Bolloré, launched a takeover bid for Lagardère, the French publishing and travel retail conglomerate, following the distribution of 60 of the share capital of Universal Music Group and its listing on the Amsterdam stock exchange.
“I am truly honoured to join Vivendi’s management board under the leadership of Yannick Bolloré and Arnaud de Puyfontaine. I am eager to accelerate the transformation,...
- 7/6/2022
- by Elsa Keslassy
- Variety Film + TV
Universal Music Group and Canal Plus Group’s international operations helped Vivendi stay afloat during the first half of 2020 which saw the outbreak of the coronavirus pandemic.
The European media giant posted a 3% year-on-year increase in revenues to €7.5 billion ($8.87 billion) during the first half of 2020, which ended on June 30. During the second quarter of 2020, as lockdown measures were enforced in most countries where Vivendi is active, revenues dropped by 4.8% to €3.7 billion ($4.3 billion).
Vivendi’s Ebita was also slightly up by 2.4% to €735 million ($868 million) during the first half, while its adjusted net income was up 5.4% to €583 million ($690 million). The results were unveiled on Thursday during Vivendi’s Supervisory Board meeting, which was chaired by Yannick Bolloré.
Vivendi said the good results were driven by its two main businesses: Universal Music Group (Umg) whose subscription services continued to grow, and Canal Plus Group, the pay TV banner whose international operations also progressed.
The European media giant posted a 3% year-on-year increase in revenues to €7.5 billion ($8.87 billion) during the first half of 2020, which ended on June 30. During the second quarter of 2020, as lockdown measures were enforced in most countries where Vivendi is active, revenues dropped by 4.8% to €3.7 billion ($4.3 billion).
Vivendi’s Ebita was also slightly up by 2.4% to €735 million ($868 million) during the first half, while its adjusted net income was up 5.4% to €583 million ($690 million). The results were unveiled on Thursday during Vivendi’s Supervisory Board meeting, which was chaired by Yannick Bolloré.
Vivendi said the good results were driven by its two main businesses: Universal Music Group (Umg) whose subscription services continued to grow, and Canal Plus Group, the pay TV banner whose international operations also progressed.
- 7/30/2020
- by Elsa Keslassy
- Variety Film + TV
Vivendi’s plan to sell up to half of its crown jewel, Universal Music Group, was welcomed by the Paris stock market and pushed the French company’s shares up by 3.7% on Tuesday. But it also instantly raised questions as to what lies behind the move, one of the boldest so far by new Vivendi chairman Yannick Bolloré.
“This is the work of a shark,” said one music industry insider, who credits Bolloré with taking advantage of opportunities in a seller’s market. Another views the French executive as a “contrarian investor” willing to take risks and wait out a down period if there’s value on the other side, as happened when Vivendi bought Emi in 2012. To that end, it makes sense for Vivendi to test the marketplace and see what it could get for Umg – the world’s biggest music company, boasting eight of the top 10 albums of...
“This is the work of a shark,” said one music industry insider, who credits Bolloré with taking advantage of opportunities in a seller’s market. Another views the French executive as a “contrarian investor” willing to take risks and wait out a down period if there’s value on the other side, as happened when Vivendi bought Emi in 2012. To that end, it makes sense for Vivendi to test the marketplace and see what it could get for Umg – the world’s biggest music company, boasting eight of the top 10 albums of...
- 8/1/2018
- by Shirley Halperin and Elsa Keslassy
- Variety Film + TV
French media conglomerate Vivendi is considering the sale of up to 50% of Universal Music Group’s share capital “to one or more strategic partners,” the company said today. Ending speculation about a potential Ipo for the world’s biggest music group, Vivendi said it has ruled out a listing “due to its complexity.” Analysts at Liberum this month valued Umg at 20.6B euros ($24.1B), per Bloomberg.
The sale transaction of Umg — whose acts include Lady Gaga, Madonna, Taylor Swift, U2 and the just-signed Rolling Stones — will likely be launched in the fall and could be completed within the next 18 months, Vivendi said. The next step for the Canal Plus parent will be to engage with banks to help identify the strategic partners and establish a floor price for entry into the capital.
Reporting its half-year results today, Vivendi said Umg had significant growth in subscription and streaming revenues (+34.3%) which more...
The sale transaction of Umg — whose acts include Lady Gaga, Madonna, Taylor Swift, U2 and the just-signed Rolling Stones — will likely be launched in the fall and could be completed within the next 18 months, Vivendi said. The next step for the Canal Plus parent will be to engage with banks to help identify the strategic partners and establish a floor price for entry into the capital.
Reporting its half-year results today, Vivendi said Umg had significant growth in subscription and streaming revenues (+34.3%) which more...
- 7/30/2018
- by Nancy Tartaglione
- Deadline Film + TV
Billionaire businessman has recently scaled back direct involvement in Canal+.
Vincent Bolloré, the billionaire industrialist who took control of French pay-tv giant the Canal Plus Group in 2015, has been placed in custody amid an anti-corruption investigation into African port concessions run by his transport conglomerate Bolloré.
French media reported on Tuesday that the Brittany-born businessman had been taken into custody at the offices of the judicial police in Nanterre on the outskirts of Paris.
They said he had been summoned to answer questions as part of an investigation, begun some two years ago, into the corruption of “foreign public officials...
Vincent Bolloré, the billionaire industrialist who took control of French pay-tv giant the Canal Plus Group in 2015, has been placed in custody amid an anti-corruption investigation into African port concessions run by his transport conglomerate Bolloré.
French media reported on Tuesday that the Brittany-born businessman had been taken into custody at the offices of the judicial police in Nanterre on the outskirts of Paris.
They said he had been summoned to answer questions as part of an investigation, begun some two years ago, into the corruption of “foreign public officials...
- 4/24/2018
- by Melanie Goodfellow
- ScreenDaily
Exclusive: Paris-based Snd is reuniting with Yves Saint Laurent producer Wassim Béji and star Pierre Niney on Yann Gozlan’s psychological thriller A Perfect Man, about a writer who rips off a dead soldier’s diary as his own work.
The company will launch sales on the project at Cannes.
It is the second time Snd has worked closely with Béji and Niney, who garnered worldwide praise for his performance as legendary fashion designer Yves Saint Laurent in the recent biopic by Jalil Lespert.
Upcoming French actress Ana Girardot, whose credits include the hit TV series The Returned (Les Revenants) is also attached.
In A Perfect Man, Niney will play aspiring writer Matthieu Vasseur, who takes on a job as a removal man to pay the bills.
While clearing the house of a recently deceased soldier he comes across the man’s hand-written diary. He is captivated by the soldier’s story and decides to send it...
The company will launch sales on the project at Cannes.
It is the second time Snd has worked closely with Béji and Niney, who garnered worldwide praise for his performance as legendary fashion designer Yves Saint Laurent in the recent biopic by Jalil Lespert.
Upcoming French actress Ana Girardot, whose credits include the hit TV series The Returned (Les Revenants) is also attached.
In A Perfect Man, Niney will play aspiring writer Matthieu Vasseur, who takes on a job as a removal man to pay the bills.
While clearing the house of a recently deceased soldier he comes across the man’s hand-written diary. He is captivated by the soldier’s story and decides to send it...
- 5/8/2014
- ScreenDaily
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