Vivendi is van plan to bring its French TV company Canal+ to the London stock exchange. This is because the subsidiary is increasingly profiling itself internationally. For example, negotiations are underway to buy the African Multichoice for 2.2 billion euros.
Canal Plus achieved a turnover of more than 3 billion euros in the first half of the year, 4.6 percent more than a year earlier.
Advertising arm Havas achieved 1.3 billion euros in the past six months, 3.4 percent more than a year earlier. This was partly due to acquisitions such as ncommon Creative Studio, Eprofessional, Shortcut and Ledger Bennett.
Gameloft generated 132 million euros in revenue, including 71 million from mobile games. Disney Dreamlight Valley, Asphalt 9: Legends, Disney Magic Kingdoms, March of Empires and Disney Speedstorm represented 60 percent of revenue.
The total group turnover in the first half of 2024 was more than 9 billion euros. EBITDA amounted to 619 million and net profit was 329 million (pdf).
Also published on Wednesday were figures from UMG (Universal Music), the record label behind hit singer Taylor Swift, in which Vivendi has a stake. Revenues were very disappointing, partly due to the much larger payment of royalties to artists than expected. Revenues from streaming songs and video clips on platforms such as Spotify and YouTube fell by almost 4 percent.
In a call with analysts, Universal also announced the end of its partnership with Meta, the parent company of Facebook and Instagram. No more music videos from Universal artists will be shown.
On the Amsterdam stock exchange, UMG was punished hard on Thursday. The record label’s share price plunged almost 30 percent to 20.62 euros.
Source: www.emerce.nl
