Vivendi


Vivendi sticking to plan for Canal+, says CEO

Vivendi plans to stick with its existing strategy to secure the future of Canal+, despite the loss of key football rights to Mediapro, and to focus on MyCanal as its flagship non-linear platform in the wake of the collapse in subscriptions to SVOD service CanalPlay, according to CEO Arnaud de Puyfontaine. Speaking to analysts following […]

Canal+ sees signs of turnaround as Vivendi unveils plan for Universal Music

Vivendi-owned pay TV operator Canal+ has reported a modest turnaround in the first half of this year, with a reduction in its rate of cancellations in France and growth internationally delivering increased revenues. The operator posted revenues of €2.575 billion for the six months to June, up 1.3% at constant currency. Canal+ had 16 million […]

Vivendi to shut down Studio+

Vivendi is to shut down Studio+, the mobile-focused short-form content platform it launched with much fanfare two years ago. French media news site Télérama reported last week that Studio+ subscribers had been informed by email that the service will close in two months. Studio+ had provided short-form series comprising 10-minute episodes aimed at a youthful […]

Vivendi to permanently exit Fnac Darty interest

Vivendi is to permanently exit its ownership interest in Fnac Darty under the option it secured in January to exit from the company’s share capital. Vivendi has opted to settle in shares the hedging transaction entered into in January 2018 regarding its 11% interest in Fnac Darty. The settlement will take place on July 10, […]

Mediaset chief mulls international alliance and football deal

Italian broadcaster Mediaset’s board has confirmed Fedele Confalonieri as chairman for the next three years, and Pier Silvio Berlusconi as vice-president and CEO. The Mediaset board was elected on Wednesday by the company’s annual shareholders meeting. The company’s executive committee comprises Confalonieri, Berlusconi, Marco Giordani, Gina Nieri, Niccolo ‘Querci and Stefano Sala. The 15-strong board […]

Telecom Italia escapes fine over Vivendi control

Telecom Italia (TIM) has escaped being forced to pay a fine of €74.3 million for failing to communicate to the Italian state the fact that Vivendi had effective control of the operator. A Milan court suspended the fine and has said it will set out its reasons on July 4, according to a press report. […]

Vivendi mulls options to recapture initiative in Telecom Italia battle

Vivendi is looking into convening a new Telecom Italia (TIM) shareholders meeting to “reorganise” the telco’s board of directors following its loss of control of the telco’s board to a slate supported by activist investor Elliott Advisors. Speaking to analysts after Vivendi posted its Q1 numbers, CEO Arnaud de Puyfontaine, who was also TIM chairman […]

Africa and wholesale market provide boost for Canal+

Strong growth in Africa and a slowing rate of attrition among subscribers in metropolitan France saw Canal+’s base grow by 612,000 in the year to March 31. The pay TV operator lost 73,000 net subscribers in France over the year, but international subscribers increased by 685,000 driven by strong growth in Africa. Canal+ also saw […]

Vivendi loses control of Telecom Italia, but Genish stays on

Vivendi lost control of Telecom Italia (TIM) at the end of last week, with its bitter rival Elliott Advisors securing a bigger share of votes and hence a majority for its slate of proposed board members. Elliott’s victory meant that its slate secured two thirds of the seats on the TIM board. Fulvio Conti, one […]

Telecom Italia plays down report that Genish may quit if Elliott successful

Telecom Italia has contested a headline in the Sunday Telegraph that implied interim chief executive Amos Genish would quit if hedge fund Elliott Advisors wins its battle with Vivendi for control of the strategic direction of the telco. Telecom Italia characterised the headline – “Telecom Italia boss ‘ready to quite’ over activist” – rather than […]

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