Vivendi's way of life is to provide movies, TV, videos, games, music, and more. After selling its telecommunications assets, which accounted for more than half of the company's business, the French firm is concentrating on digital media, movies, TV, games, and music. Vivendi's media assets include
Universal Music Group
, the top pay-television provider in France, and Europe's largest distributor and producer of films.
Canal+ Group is Vivendi's biggest business, bringing in 54% of revenue. UMG, which gets most of its revenues from recorded music by artists such as Justin Bieber, Lady Gaga, LMFAO, and Rihanna, accounts for 45% of revenue. The other 1% is from the Vivendi Village unit, which include Vivendi Ticketing, Wengo (expert counseling), Watchever (subscription video-on-demand), and the Paris concert hall L'Olympia.
Headquartered in France, the company is present in 67 countries. France accounts for 45% of revenue; the rest of Europe, 25%; the US, 17%; and the rest of the world, 13%.
The company's revenue dropped 2% in 2014 from 2013, mainly attributable to a 7% decrease in UMG revenue. Canal+ sales rose 3% and Vivendi Village revenue rose 35% in 2014. Canal+ counted about 680,000 more subscribers in 2014 with strong performance from Africa and Vietnam. The movie division banked on releases such as
The Imitation Game
(winner of the Academy Award for best adapted screenplay), and
to post higher results. Net income, however, jumped 141% higher in 2014 with a big assist from discontinued operations. The company actually posted a loss for the year, but income from the discontinued telecommunications operations more than made up for it.
Vivendi completed its exit of the highly competitive telecommunications business to invest more in media and content. It sold telecom operators SFR to Numericable, Maroc Telecom (in Morocco) to
, and GVT (Brazil) to
The company added to its entertainment portfolio with several acquisitions.
Mergers and Acquisitions
In 2015 Vivendi began negotiations with
to acquire an 80% stake in Dailymotion, a video-streaming website, for about $235 million. Vivendi would help Dailymotion accelerate its growth internationally and to enhance its content.
Vivendi's Canal+ Group acquired a majority stake in Studio Bagel, the top comedy channel network on YouTube in France, in 2014. Also in 2014 UMG acquired the British company
Eagle Rock Entertainment
, a producer and distributor of music programming for DVD, Blu-Ray, and digital TV and media.