Vivendi to Open CanalOlympia Venues in Africa
September 28 2015 - 9:34AM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) today announced plans to open ten
live-performance venues in Central and West Africa under the name
CanalOlympia in the coming months. The first CanalOlympia halls
will be located in Conakry in Guinea, Cotonou in Benin, Brazzaville
in the Republic of the Congo and Dakar in Senegal. Suitable
locations are being identified with the launch of tender processes
beginning for the project.
The venues will serve as concert halls, theatres and screening
rooms to enhance access to culture and entertainment in countries
frequently lacking such facilities, thereby stimulating
talent-development in Africa.
The CanalOlympia halls will offer local artists a chance to
perform and will create a network of venues where tours can be
organized in particular at the initiative of Island Africa, the
Universal Music Group label. The halls will also be fitted with a
recording studio and a rehearsal room to help identify talent,
support new artists and provide international exposure, whether
musicians, singers or comedians.
The foundation stone of the first CanalOlympia, in Conakry in
Guinea, was laid on September 27 in presence of Alpha Condé,
President of Guinea. The venue will open its doors mid-2016 with a
capacity of more than 400 people. In addition, the stage can be
reconfigured for open-air events that can accommodate more than
3,000 fans. This indoor/outdoor approach will be applied to all
CanalOlympia venues.
Branding the venues CanalOlympia reflects the iconic nature of
two Vivendi businesses. Canal+ is well-known in Africa, with a
presence in some 20 countries across the continent where it has
stood for quality entertainment, impertinence and creativity for
decades. L’Olympia is the iconic Parisian concert hall, which hosts
performances by the world’s most prestigious artists and young
talent. Executives from L’Olympia will play a major advisory role
in the launch of the CanalOlympia venues.
The CanalOlympia halls form part of Vivendi’s strategy to
reinforce the Group’s presence in high-growth markets, where an
emerging middle class is consuming more content. Vivendi also
intends to be a leading player in identifying new entertainment
talent, which is vital to an international media and content
group.
About Vivendi
Vivendi 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, France and the U.S.), MyBestPro
(experts counseling), Watchever (subscription video-on-demand) and
the Paris-based concert venue L’Olympia. With 3 billion videos
viewed each month, Dailymotion is one of the biggest aggregation
and distribution platforms in the world. www.vivendi.com,
www.cultureswithvivendi.com
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