Vivendi Finalizes the Acquisition of Dailymotion
June 30 2015 - 11:56AM
Business Wire
Regulatory News :
Vivendi (Paris:VIV) today acquired from Orange an 80% stake in
Dailymotion, one of the biggest aggregation and distribution
platforms in the world, for 217 million euros.
The integration within Vivendi offers Dailymotion the means to
strongly accelerate its growth and continue its international
expansion. It gives the company access to particularly attractive
music and audiovisual content and allows for the joint development,
together with the Universal Music Group and Canal+ Group teams, of
original and distinctive content and formats meeting the
expectations of a whole new generation of digital consumers.
This acquisition is at the core of Vivendi’s digital strategy.
With Dailymotion, the Group benefits from an over-the-top
distribution platform of international stature and of a
technological expertise which complements the Group’s existing
one.
About VivendiVivendi is an integrated media and content
group. The company operates businesses throughout the media value
chain, from talent discovery to the creation, production and
distribution of content. The main subsidiaries of Vivendi comprise
Canal+ Group and Universal Music Group. Canal+ is the leading
pay-TV operator in France, and also serves markets in Africa,
Poland and Vietnam. Canal+ operations include Studiocanal, a
leading European player in production, sales and distribution of
film and TV series. Universal Music Group is the world leader in
recorded music, music publishing and merchandising, with more than
50 labels covering all genres. A separate division, Vivendi
Village, brings together Vivendi Ticketing (ticketing in the UK and
France), MyBestPro (experts counseling), Watchever (subscription
video-on-demand) and the Paris-based concert venue L’Olympia.
www.vivendi.com, www.cultureswithvivendi.com,
www.themediashaker.com
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150630006162/en/
Vivendi
Telefonica Brasil (NYSE:VIV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Telefonica Brasil (NYSE:VIV)
Historical Stock Chart
From Apr 2023 to Apr 2024