Vivendi Acquires a Majority Stake in Radionomy Group, a Major Global Player in Digital Radio
December 17 2015 - 12:10PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) announced today that it acquired 64.4% of
the share capital of Radionomy Group, a major global player in the
digital radio industry. The Vivendi Group has become Radionomy’s
majority shareholder alongside its founder Alexandre Saboundjian,
its employees and Union Square Ventures.
Radionomy is best known as an Internet platform that allows
digital radios to broadcast and monetize their programs on a global
scale. The platform also offers FM radio stations unique tools to
develop and monetize their digital presence. Today, over 57,000
radio stations are using these tools.
Radionomy Group owns the streaming technology SHOUTcast as well
as the iconic Winamp audio player. It also controls TargetSpot, the
first digital audio advertising network in the United States and in
France.
Vivendi’s capital investment in Radionomy Group will provide an
impetus for its commercial development, supported by the promising
outlooks for the advertising and digital audio markets all over the
world. Radionomy is also very well positioned to capitalize on the
expected evolution of the digital audio market towards targeted
advertising, thanks to its technical tools and its
partnerships.
With this investment in digital radio, Vivendi expands its
presence in the value chain that flows from talent discovery to
content production and distribution. Collaboration between the
digital audio platform and the Vivendi businesses will be
established and a number of innovative offers will be developed.
Radionomy also complements the talent support program which
contributes to the Vivendi Group’s sustainable development.
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,
the U.S and France), MyBestPro (experts counseling), Watchever
(subscription video-on-demand) and the Paris-based concert venue
L’Olympia. With 3.5 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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