Vivendi’s First Quarter Results Rise by 13.4%, Driven by Canal Plus Group

variety.com:

Elsa Keslassy International CorrespondentVivendi, the parent company of French pay TV company Canal Plus Group and advertising banner Havas Group, saw its revenues increase by 13.4% to €2.3 billion ($2.4 billion) during the first quarter of 2022.The company’s financial results were mainly driven by the growth of Canal Plus Group, Havas Group, as well the Vivendi Village, which is behind live events, and the video game outfit Gameloft.

Results also took into account Prisma Media, the recently acquired publishing group. During the first quarter of 2022? Canal Plus Group’s revenues reached €1.4 billion ($1.5 billion), a 6.5-percent year-on increase.

Revenues from television in mainland France and international operations went up by 6.5% and 6.2%, respectively. Studiocanal, the TV and film banner, saw its revenues rise by 4.5% in one year, thanks to the performance of a few movies such as “Superwho?,” “Waiting for Bojangles” and “Goliath,” as well as a large volume of library sales.

Canal Plus Group and ViacomCBS recently inked a long-term strategic partnership which will allow the pay TV group to distribute Paramount+ as part of its hard bundle by the end of the year, along with nine ViacomCBS channels.