Vivendi takes legal action to preserve right to vote against MediaForEurope plan

Vivendi has confirmed that it plans to vote against the planned merger of Mediaset into a new MediaForEurope (MFE) holding company along with Mediaset España. The French media group has also filed a request with the Court of Milan to issue an urgent order aimed at preserving its right to both attend Mediaset’s planned EGM […]

Mediaset takes MediaForEurope battle with Vivendi to regulator

Mediaset has taken its battle with shareholder Vivendi to Italian markets regulator CONSOB with a complaint that the French media giant was attempting to manipulate Mediaset’s share price downwards. Mediaset referred specifically to a report published by Bloomberg this week, citing unnamed sources, that indicated that Vivendi was prepared to vote against the Italian media […]

Mediaset faces Vivendi and ISS opposition to merger plan

Mediaset is facing shareholder opposition to its plans to merge with its Spanish offshoot and create a new pan-European holding company based in the Netherlands, with Vivendi and proxy advisory firm ISS indicating they will oppose the proposal. Mediaset shareholders are set to meet on September 4 to vote on the plan to create the […]

Vivendi opens talks with Tencent to sell Universal Music stake

Canal+ owner Vivendi has entered into preliminary talks to sell a 10% stake in Universal Music Group to China’s Tencent in a move that gives the music outfit a valuation of €30 billion. According to Vivendi, a deal would give Tencent a one-year call option to acquire an additional 10% at the same price and […]

Mediaset accepts Simon Fiducaria demand for inclusion

Italian broadcaster Mediaset has accepted a demand by shareholder Simon Fiducaria to be included in the special list of shareholders that qualify for double voting rights, subject to the outcome of a judicial process initiated by Simon. Mediaset shareholder Vivendi placed all of its holding in the broadcaster above a 10% threshold in Simon Fiducaria […]

Canal+ ‘confident’  it will continue to air Ligue 1

Canal+ remains confident that it will still be able to distribute top-tier French football from 2020, when Spanish broadcaster Mediapro takes over the rights, according to Vivendi chief financial officer Hervé Philippe. Speaking on an earnings call after Vivendi posted its latest quarterly results last week, Philippe said that the pay TV broadcaster would retain […]

Canal+ domestic losses contribute to revenue decline

Canal+ continued to lose domestic subscribers in the quarter to June, weighing on its revenues. The group lost 68,000 subscribers in France over the quarter, contributing to a year-on-year reduction of 263,000. In terms of global subscriber numbers, French domestic losses were compensated by international gains, boosted by coverage of the Africa Cup of Nations, […]

Mediaset resists Vivendi’s move to call new shareholder meeting

Vivendi has secured a partial recognition by Mediaset of its claim to the right to participate in majority voting as a shareholder, subject to a legal ruling to come. However the Italian broadcaster has rejected its attempt to call a new extraordinary shareholders’ meeting to cancel a resolution approved in April giving long-term shareholders double […]

Mediaset hails court ruling against Vivendi’s Dailymotion

A Rome court has fined Vivendi-owned online video service Dailymotion €5.5 million for infringing Mediaset copyright by hosting some 995 videos without authorisation from 2006 onwards. The court also ordered Dailymotion to pay €100,000 in costs and imposed an additional penalty of €5,000 for each day that the offending videos remain on its site. The […]

Vivendi slams Mediaset internationalisation plan

Vivendi has explicitly criticised Mediaset’s plans to combine its Italian and Spanish units in a single Netherlands-based company as the foundation for the creation of a pan-European broadcast outfit. Vivendi, which directly holds a 9.6% stake in Mediaset and a further 19.9% through Simon Fiducaria, in which it was forced to vest the shares to […]