Vivendi Forms a Strategic and Industrial Partnership with Mediaset
April 08 2016 - 1:14PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) announced today that it has entered into an
important binding strategic and industrial agreement with Mediaset,
a leading player in free and pay-television in Italy and Spain.
The two companies have agreed to develop an industrial
partnership at international level to, on one hand, jointly develop
various initiatives for the production and distribution of
ambitious audiovisual content and, on the other, to create a global
over-the-top (OTT) television delivery platform.
Under the terms of the agreement, 3.5% of Vivendi’s share
capital will be exchanged for 3.5% of Mediaset’s share capital and
100% of the share capital of the Mediaset Premium pay-television
company.
With Mediaset Premium, Vivendi greatly expands its presence in
European pay-television, increasing its global individual
subscriber base to over 13 million, in an Italian market offering
important growth opportunities.
The agreement with Mediaset confirms Vivendi’s intention to
build strong positions in Southern Europe, a market that shares a
similar Latin culture and roots. Mediaset’s significant presence in
Italy and Spain, through general entertainment and thematic
channels (free and pay), represents an important stepping stone
toward achieving this goal.
It also represents a major step forward for Vivendi in its
ambition to become a large international media and content group
with a European essence. Through its subsidiary Studiocanal Vivendi
is already the leading European film producer and, as announced
this week, it has significantly strengthened its presence in
television production by making equity investments in several
independent production companies in Spain and the United Kingdom.
The Group also launched Studio+, which produces exclusive premium
series created specifically for mobile devices available through a
dedicated app.
The closing of the transaction, which is expected to occur in
the coming months, is subject to the approval of the relevant
regulatory authorities.
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, the U.S and France), MyBestPro
(experts counseling), Watchever (subscription video-on-demand),
Radionomy (digital radio), the Paris-based concert venue L’Olympia,
the future CanalOlympia venues in Africa and the Theatre de
l‘Oeuvre in Paris. With 3.5 billion videos viewed each month,
Dailymotion is one of the biggest video content aggregation and
distribution platforms in the world. www.vivendi.com,
www.cultureswithvivendi.com
Important Disclaimers
Cautionary Note Regarding Forward Looking Statements. This press
release contains forward-looking statements with respect to the
financial condition, results of operations, business, strategy,
plans and outlook of Vivendi, including the impact of certain
transactions. Although Vivendi believes that such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are outside our
control, including but not limited to the risks related to
antitrust and other regulatory approvals as well as any other
approvals which may be required in connection with certain
transactions and the risks described in the documents Vivendi filed
with the Autorité des Marchés Financiers (French securities
regulator), which are also available in English on Vivendi's
website (www.vivendi.com). Investors and security holders may
obtain a free copy of documents filed by Vivendi with the Autorité
des Marchés Financiers at www.amf-france.org, or directly from
Vivendi. Accordingly, we caution readers against relying on such
forward looking statements. These forward-looking statements are
made as of the date of this press release and Vivendi disclaims any
intention or obligation to provide, update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Unsponsored ADRs. Vivendi does not sponsor an American
Depositary Receipt (ADR) facility in respect of its shares. Any ADR
facility currently in existence is “unsponsored” and has no ties
whatsoever to Vivendi. Vivendi disclaims any liability in respect
of any such facility.
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