In a year marked by the coronavirus pandemic, Vivendi was able to keep its revenues in 2020 stable thanks to the growth of Universal Music Group (Umg) and pay TV group Canal Plus Group, which helped offset the slowdown in other businesses.
The company’s revenues reached €16,090 million, a 1.2% year-on increase. The company’s Ebita also went up by 6.6% to $1.97 billion (€1.63 billion) in 2020, and earning before provision for income taxes skyrocketed by 47.7% to $2.63 billion (€2.18 billion). Meanwhile, Vivendi’s financial net debt increased by $1.07 billion (€889 million) to $5.97 billion (€4.95 billion) as of Dec. 30, 2020.
Vivendi ended 2020 on a high note with the sale of an additional 10% of Universal Music Group to a consortium led by Tencent, in a deal that values the thriving music company at 30 billion euros. The consortium now owns 20% of Universal Music Group and Vivendi is currently planning the distribution of 60% of Umg’s share capital to Vivendi’s shareholders.
Umg...
The company’s revenues reached €16,090 million, a 1.2% year-on increase. The company’s Ebita also went up by 6.6% to $1.97 billion (€1.63 billion) in 2020, and earning before provision for income taxes skyrocketed by 47.7% to $2.63 billion (€2.18 billion). Meanwhile, Vivendi’s financial net debt increased by $1.07 billion (€889 million) to $5.97 billion (€4.95 billion) as of Dec. 30, 2020.
Vivendi ended 2020 on a high note with the sale of an additional 10% of Universal Music Group to a consortium led by Tencent, in a deal that values the thriving music company at 30 billion euros. The consortium now owns 20% of Universal Music Group and Vivendi is currently planning the distribution of 60% of Umg’s share capital to Vivendi’s shareholders.
Umg...
- 3/3/2021
- by Elsa Keslassy
- Variety Film + TV
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