Vivendi Realigns Assets to Strengthen Canal+ Group’s Global Media Presence and Revenue Potential

Vivendi Realigns Assets to Strengthen Canal+ Group’s Global Media Presence and Revenue Potential

(IN BRIEF) Vivendi has restructured Canal+ Group by integrating several of its assets, including GVA (a telecom provider in Africa), the video platform Dailymotion, and performance venues like L’Olympia in France. This move creates a more unified global media entity, covering both mature and emerging markets. The expanded Canal+ Group would have generated €6.2 billion in revenue for 2023, with 60% of its 26.8 million subscribers located outside France. The group will be organized into three segments: Canal+ Europe, Canal+ Africa & Asia, and Content Production and Distribution.

(PRESS RELEASE) PARIS, 21-Sep-2024 — /EuropaWire/ — Vivendi has announced the integration of several of its assets into Canal+ Group to create a more cohesive and strategically aligned media entity. As part of this move, Canal+ will now consolidate operations with GVA, a telecom service provider in Africa, the video streaming platform Dailymotion, and performance venues like L’Olympia and L’Œuvre in France, along with CanalOlympia cinema theaters in Africa.

With this expanded portfolio, Canal+ Group will become a unique global media operation, covering both established and high-growth markets. For the financial year ending December 31, 2023, the new entity would have reported revenues of €6.2 billion, an Adjusted EBITA of €472 million, and a Cash Flow from Operations (CFFO) of €315 million. The total subscriber base would have reached approximately 26.8 million, with 60% of those subscribers outside of France. Additionally, between Dailymotion and the OTT platform myCanal, the group would have a combined global audience exceeding 400 million monthly active users.

Canal+ has invested around €1 billion annually in technology to enhance its customer experience across platforms like myCanal and Dailymotion, positioning itself as a leader in broadcasting and streaming services.

The new structure will have three operational segments:

1. Canal+ Europe – Including subscription and free-to-air TV operations in France, Central Europe, and Benelux, along with telecommunications services in the French Overseas territories.
2. Canal+ Africa & Asia – Covering subscription TV, free-to-air services in Sub-Saharan Africa, and operations in Vietnam, Myanmar, and the Pacific, alongside GVA and CanalOlympia.
3. Content Production, Distribution, and Other – Including Studiocanal, Dailymotion, Thema, and performance venues like L’Olympia.

The group also holds significant stakes in other media operations, including a 45.2% share in MultiChoice, 36.8% in the OTT platform Viu, and 29.33% in Viaplay.

About Vivendi
Since 2014, Vivendi has been building a world-class content, media and communications group. Canal+ Group is a major player in the creation and distribution of cinema and audiovisual content on all continents. With Lagardère, Vivendi is the world’s third-largest book publisher for the general public and educational markets, and a leading global player in travel retail. Havas is one of the largest global communications groups with a presence in more than 100 countries. Vivendi is also active in the magazine business (Prisma Media), and in video games (Gameloft). It also owns a global digital content distribution platform (Dailymotion) and a subsidiary dedicated to providing very high-speed Internet access in Africa (GVA). Vivendi’s various activities work closely together as an integrated group committed to transforming its businesses to meet the expectations of the public and anticipate constant changes. As a committed group, Vivendi contributes to building more open, inclusive, and responsible societies by supporting diverse and inventive creative works, promoting broader access to culture, education, and its industries, and increasing awareness of 21st century challenges and opportunities. www.vivendi.com.

Important disclaimers
This press release contains forward -looking statements with respect to Vivendi’s financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions, as well as related operations. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of completion of Vivendi’s 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 obtaining regulatory, administrative, third – party or any other approvals, and the risks described in the documents of the Group filed by Vivendi with the Autorité des Marchés Financiers (the 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.amffrance.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. 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. This press release does not contain or constitute an offer of securities or a solicitation of an offer to subscribe to or purchase, nor an invitation to sell, buy, or subscribe to securities in France or abroad. This press release must in no way be interpreted as a recommendation to readers.

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Media Contact:

Solange MAULINI
Director, Press and Shareholders Relations
solange.maulini@vivendi.com
+33 1 71 71 11 73

SOURCE: VIVENDI