French media conglomerate Vivendi has revealed more details of its plan to split up its business, which includes listing Canal+ in London and the Havas advertising business on the Euronext Amsterdam stock exchange.
Vivendi announced it was carrying out a feasibility study into splitting up its business in December 2023, noting that it was suffering a high conglomerate discount which was substantially reducing its valuation.
In an update on the feasibility study published this week, Vivendi said Canal+ would be listed on the London Stock Exchange to reflect the company’s international dimension. Canal+ now has up to two-thirds of its subscribers outside of France as well as a global film and TV series distribution network. It added that Canal+ would remain a company incorporated and taxed in France.
Havas, with the majority of its activities being carried out internationally, would be listed as a Dutch public limited liability company (NV) on the Euronext Amsterdam stock exchange.
A newly named company, Louis Hachette Group, would bring together the assets owned by Vivendi in publishing and distribution, including the group’s 63.5% shareholding in Lagardère SA and 100% of Prisma Media. This company would be listed on Euronext Growth in Paris.
Paris-listed Vivendi will become a listed investment holding company, managing a 10% stake in Universal Music Group the world’s biggest music label, which it also spun-off three years ago. Vivendi would also continue to develop games company Gameloft.
You are not signed in
Only registered users can comment on this article.
Delyth Evans confirmed as Chair of S4C
The UK government has confirmed Delyth Evans as the new Chair of S4C.
Mr Loverman, Mr Bates vs The Post Office lauded at BAFTA TV Awards
BBC1’s adaptation of Bernardine Evaristo’s novel Mr Loverman was the only programme to win two categories at this year’s BAFTA Television Awards.
Mark Burnett and Nick Clegg among speakers for RTS Cambridge Convention 2025
Hollywood producer and US Special Envoy to the UK Mark Burnett, former Meta President of Global Affairs Nick Clegg, and FX Chairman John Landgraf are among the first wave of high-profile speakers for the Royal Television Society (RTS)’s Cambridge Convention 2025.
Working Title’s Sarah-Jane Wright to chair ScreenSkills’ film fund
ScreenSkills has named Working Title’s Head of Film & TV Production Sarah-Jane Wright as the new Chair of its Film Skills Fund Council.
.jpg)
DCMS report explores future of TV distribution
A significant number of UK households still rely solely on traditional TV platforms such as digital terrestrial television (DTT), cable or satellite, and without government intervention, some groups may find it difficult to adopt internet-based TV (IPTV), according to a new report for the Department for Culture, Media and Sport (DCMS).
