Advanced Television

Vivendi

Vivendi hit with €1bn fraud lawsuit

Vivendi is being sued for €1 billion in damages in an action which alleges that the media giant made false statements during its merger with Seagram and Canal+ some two decades ago. Ninety investors (represented by law firm Soffer Avocats) allege that top executives failed to fully disclose the total extent of Vivendi’s debt. The […]

March 10, 2021By Chris Forrester

Bank: “Not much further value in Vivendi”

A report from investment bank Jefferies says that despite Vivendi’s plan to spin-off its Universal Music Group (UMG) before the end of the year – and to distribute 60 per cent of the new share capital to existing Vivendi shareholders – their overall view is that Vivendi’s current share price is “fully valued”. “Even adopting […]

February 23, 2021

Vivendi seeks DTT channel in Spain

French group Vivendi is reportedly seeking to operate a DTT channel in Spain as part of its plan to strengthen its position in the country’s media market, now that it has become the second largest shareholder in media group Prisa with a 9.9 per cent stake. To this end, Vivendi would have to lease a […]

February 10, 2021From David Del Valle in Madrid

RTL considering M6 disposal?

Responding to speculation that it was seeking a buyer for its holding in French broadcaster M6, media group RTL has issued a statement suggesting that “it has repeatedly said that there is a strong case for consolidation in the European broadcasting sector”. “RTL Group reviews such options on an ongoing basis with a view to […]

February 1, 2021By Colin Mann

Mediaset ups ProSiebenSat.1 stake

Mediaset Spain has increased its share in the German TV group ProSiebenSat.1 by 3.43 per cent to a total of 13.18 per cent, in an investment estimated at €104 million. Mediaset Spain initially acquired a 5.5 per cent stake in the group in November 2019. Then, an additional 4.25 per cent in March 2020. The […]

January 22, 2021From David Del Valle in Madrid

Analyst: Africa to reach 51m pay-TV subs

Nearly 17 million pay TV subscribers will be added in Africa between 2020 and 2026 to take the total to 51 million, according to the Africa Pay TV Forecasts report from analyst firm Digital TV Research. Nigeria will be close to 11 million, with South Africa bringing in another 9 million. “Multichoice had 15.51 million […]

January 4, 2021

Vivendi “shocked” by Mediaset action

The never-ending slanging match between Vivendi and Mediaset threw up another missile on Saturday morning. Some Italian newspapers published what Vivendi allege were confidential documents in the long-running legal dispute between the two media giants. Vivendi, in a statement released on Saturday morning, said: “Vivendi is shocked that a confidential document, intended for the protection […]

December 14, 2020By Chris Forrester

Italy mulls Vivendi restrictions

Italy may bring measures to stop France’s Vivendi strengthening its position in the country’s media and telecoms sectors, according to Reuters. Vivendi is biggest investor in Telecom Italia, with a 24 per cent stake. It also holds 29 per cent of Mediaset, the country’s largest commercial broadcaster. Reuters says the government has drafted a law […]

November 9, 2020

Canal+ owns 12% of Multichoice

Groupe Canal+ has confirmed that it has crossed the 10 per cent threshold in share capital of MultiChoice Group. As of October 28th, Groupe Canal+ owns 12 per cent of the company’s share capital. Earlier this month, Canal+ acquired a 6.5 per cent stake in the South Africa-based pay-TV provider. Canal+ said at the time […]

October 29, 2020

Vivendi Q3 numbers impress

Vivendi’s quarterly numbers impressed the market, beating forecasts. Vivendi reported €4,022 million of revenue in Q3/2020, 3.4 per cent ahead of ahead of Deutsche Bank’s estimates and the median Zone Finance consensus (with a range of €3,775m – €3,939m). Group organic growth returned in positive territory to 0.7 per cent Y-o-Y in Q3. “Within the […]

October 22, 2020By Chris Forrester