Vivendi to ‘keeping investing’ in Canal+, plans MyCanal international rollouts

Vivendi will “keep investing” in Canal+ both in France and internationally, both in programming and technology, despite the ongoing challenges the pay TV outfit faces, with a planned rollout of the MyCanal app internationally, according to chairman and CEO Arnaud de Puyfontaine. Speaking to analysts after Vivendi posted its full-year results, De Puyfontaine said that […]

Bolloré to step down from Vivendi board

Vincent Bolloré is due to step down from the Vivendi board in April, according to a statement included in the firm’s latest earnings report. At the company’s shareholders’ meeting on April 15, shareholders will be asked to appoint Bolloré’s son, Cyrille Bolloré, as board member in his place. Another of his sons, Yannick Bolloré, is […]

TIM auditors board rebuffs Vivendi shareholder meeting move

Telecom Italia’s (TIM) board of statutory auditors has rebuffed Vivendi’s call for a shareholders’ meeting this month to discuss its call for the ejection of board members supported by hedge fund Elliott Management and the appointment of new auditors. Vivendi triggered a request for a meeting of the telco’s shareholders in December, following the dismissal […]

Vivendi condemns Elliott’s move to up stake in Telecom Italia

Vivendi has condemned what it sees as a move by its rival for the control of Telecom Italia (TIM), Elliott Advisors, to take advantage of the ongoing decline in TIM’s share price to acquire more stock. Responding to an SEC filing that revealed that Elliott has increased its stake in TIM to 9.4%, up from […]

Mediaset sees off Simon Fiduciaria challenge

Italian broadcast giant Mediaset has seen off a court challenge that it had interpreted a s a move to strengthen one-time putative partner and now arch-enemy Vivendi’s influence in the group. Mediaset hailed a decision by the Milan Court to reject shareholder Simon Fiducaria’s claim against on order issued on November 25. Mediaset had excluded […]

Telecom Italia names Rai and TivùSat exec as public affairs chief

Telecom Italia (TIM) has appointed Alessandro Picardi, chairman of digital satellite platform TivùSat and director of strategic development for platforms at public broadcaster Rai, as its new chief of public affairs, reporting to CEO Luigi Gubitosi. Picardi replaces Francesco Russo, who is leaving the company. Prior to his current role at Rai, Picardi was Director […]

Vivendi condemns Elliott ‘time-wasting’ as shareholder meeting set for March

Vivendi has condemned what it describes as “time-wasting tactics” employed by Telecom Italia (TIM) board members backed by hedge fund Elliott Advisors who have successfully resisted its call for an immediate shareholders meeting, with the meeting now scheduled to take place on March 29. Vivendi  said that it notified the board on December 11 of […]

Canal+ ‘planning relaunch’ of CanalPlay SVOD service

Canal+ plans to relaunch its subscription video-on-demand service CanalPlay in the spring with a €10 monthly fee and possibly with a new name, according to French financial daily Les Echos. According to the paper, the pay TV operator is planning a relaunch of the service at a price point that is competitive with Netflix after […]

Canal+ seals deal for new windowing regime

Canal+ and other French television broadcasters signed a new windowing agreement with organisations representing the French cinema industry just ahead of the Christmas break, enabling it to make movies available on its service between six and eight months after their theatrical release for the first time. Canal+ said that the agreement recognised its unique position […]

Vivendi triggers TIM shareholders meeting request as battle with Elliott heats up

Vivendi has triggered a request for a meeting of Telecom Italia’s   shareholders to appoint new auditors and has called for the dismissal of chairman Fulvio Conti and four other board members nominated by its rival for control of the Italian telco, Elliott Management. Vivendi has proposed the nomination of Franco Bernabè, Rob van der Valk, […]

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