Vivendi Statement on Mediaset and Mediaset Premium
October 19 2016 - 12:06PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) has repeatedly stated that, up until now, it
remained open to discussions in its dispute with Mediaset and has
continuously sought alternative solutions over the past several
months.
The only response to Vivendi’s constructive approach was for
Mediaset and Fininvest to issue aggressive public statements and to
initiate multiple legal actions, including a new action intended to
intimidate Vivendi filed on October 12, 2016, requesting a
sequestration against 3.5% of Vivendi’s share capital.
Furthermore, Vivendi reaffirms that the Mediaset Premium
business plan that it received, which forecasts a break-even point
in 2018, is based on unrealistic assumptions, as pointed out by the
Deloitte auditors’ due diligence report. Therefore, the Vivendi
Group cannot be held responsible for the current situation.
In these circumstances, as of today Vivendi is no longer willing
to give priority to finding an amicable solution and reserves the
right to take all necessary action to defend its interests and
those of its shareholders.
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), Radionomy (digital radio), Olympia
Production, the L’Olympia and the Theâtre de L‘Oeuvre venues in
Paris and the CanalOlympia venues in Africa. 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.vivendi.com,
www.cultureswithvivendi.com
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