Vivendi Sees Revenues Rise by 3.3% to $2.52 Billion in First Quarter of 2023
variety.comElsa Keslassy International Correspondent Vivendi, the parent company of French pay TV banner Canal+ Group,has sees revenues rise by 3.3% to €2.29 billion ($2.52 billion) during the first quarter of 2023.
Vivendi attributes the growth to all its subsidiaries, in particular Studiocanal, the film and TV production and distribution company of Canal+, whose revenues went up by 13.6% compared with the first quarter of 2022 driven by the success of several films, including the comedy “Alibi.com 2” and “John Wick 4.” Among the several high profile deals signed by the company during the first quarter, Canal+ inked an agreement with French telco Orange to acquire all shares of its pay TV package OCS, as well as Orange Studio, the film and series co-production subsidiary.
The company’s video game banner Gameloft saw its business jump by 14%, boosted by its new game Disney Dreamlight Valley. Another popular game, Disney Speedstorm, launched this month.
Yannick Bolloré, chairman of the supervisory board of Vivendi, and Arnaud de Puyfontaine, Chairman of the Management Board and CEO, said in a joint statement, “All of our businesses progressed during the first quarter of 2023.
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