Vivendi


Mediaset moving towards sale of pay TV platform

Mediaset is moving towards a sale of its pay TV unit Mediaset Premium to Sky before the end of this year, according to CEO Pier Silvio Berlusconi, who has also said that the media group is working towards a broader pan-European alliance or combination. Speaking to Italian press at the launch of the new season […]

Elliott responds to Vivendi TIM assault

Activist investor Elliott Advisors has responded to Vivendi’s criticism of the performance of Telecom Italia (TIM) since the hedge fund’s boardroom coup earlier this year by blaming the company’s existing direction, set by Vivendi when it controlled the board. Vivendi last week condemned the “disastrous” performance of TIM since the boardroom coup engineered by private […]

Vivendi slams Elliott record as Telecom Italia shares nosedive

French media group Vivendi has expressed alarm at what it sees as the “disastrous” performance of Telecom Italia (TIM) since the boardroom coup engineered by private equity outfit Elliott earlier this year that saw Vivendi lose control of the company, in which it remains the largest shareholder. In a statement, Vivendi said it is “deeply […]

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 […]

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