Lagardere sales rise

French group reports half-year results: $5.56 billion

PARIS — French group Lagardere announced a 5.6% increase in sales to $5.56 billion in its half-year results. Of the sales, Lagardere Media accounted for $3.21 billion, a 3.7% increase over last year’s $3.09 billion.

Company said the rise of its media division stems from growth of the book and the distribution services and the development of Lagardere Active’s television business and continued market share gain in radio.

Lagardere Media is continuing its push into the French media biz, most recently with its acquisition of Virgin Stores in France and its alliance with technology consulting firm Accenture to form the Broadway Factory, which will develop and operate interactive content for digital TV.

In February, the group acquired 100% of Telmondis, the French producer of live entertainment programs, giving Europe Images Intl., Lagardere’s distribution unit, access to Telmondis’ catalog of 350 hours of live entertainment and performance-oriented programs.

Lagardere also has a deal in the works with Pathe with an eye toward taking an important stake in the French major’s TV production division.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading