Vivendi’s 2020 Consolidated Revenues Rise Despite French TV Struggles – Global Bulletin

  • Variety
Vivendi’s 2020 Consolidated Revenues Rise Despite French TV Struggles – Global Bulletin
In today’s Global Bulletin Vivendi’s 2020 finances are up 2.4%, the Young Artist Academy announces this year’s award recipients, All3Media picks up “A World of Calm,” West End Films sells “Rams” in key territories and Fremantle promotes Seb Shorr.

Finance

In a year marked by the coronavirus pandemic, Vivendi saw its consolidated revenues go up by 2.4% to €11.6 billion ($13.7 billion) during the first nine months of 2020, and up 1.3 % during the third quarter.

The group’s subscription-based activities, especially at Universal Music Group and to a lesser extent Canal Plus Group, have bolstered Vivendi’s revenues. Canal Plus Group’s revenues were up 6.6% for the first nine months of 2020 and up 7.3% for the third quarter of 2020. The company’s international activities grew a strong pace with revenues from international operations rising by 27.4%. The addition of 1.2 million subscribers around the world, and the integration of M7, a leading pay-tv company in Europe
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