Vivendi / Mediaset: Clarification
July 29 2016 - 8:25AM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) wishes to clarify that the disagreement with
Mediaset concerns the Mediaset Premium business plan, which
determined the basis for Vivendi’s decision to execute the 8th
April 2016 agreement.
According to Vivendi’s evaluation, this business plan, which
forecasts a break-even point for Mediaset Premium as rapidly as
2018, is based on unrealistic assumptions, as pointed out by the
Vivendi’s auditors Deloitte, in its June 2016 due diligence audit
report: “the Business Plan appears unachievable and would need to
be seriously downgraded in order to be realistic”.
Vivendi continues to strive for an agreement with Mediaset and
remains more than open to dialogue.
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 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.Gameloft is a worldwide leading video games
on mobile, with 2 million games downloaded per
day.www.vivendi.com, www.cultureswithvivendi.com
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