Activision Blizzard, Canal Plus see strong revenue growth
Media conglom Vivendi’s adjusted net income jumped 20.2% to €1.83 billion ($2.64 billion) over the first half of this year, with CEO Jean-Bernard Levy forecasting it will hit at least $4.33 billion for the full year.Revenues rose 1.9% to $20.6 billion compared to the same time last year. Results were bolstered by the strong perfs of vidgamer Activision Blizzard and pay TV operator Canal Plus Group. Revenues at Activision Blizzard, whose hit games include the “World of Warcraft” and “Call of Duty” franchises, rose 9% to $2.68 billion, driven by a 20% hike in digital sales. Operating profit climbed 34% to $1.2 billion. Revenues for the second half of the year will be boosted by the releases of “Call of Duty: Modern Warfare 3,” online service “Call of Duty Elite” and “Skylanders: Spyro’s Adventure.” Operating profit climbed 34% to $1.2 billion. Canal Plus Group’s revenues rose 2.8% to $3.5 billion on operating profits up 1.9% to $715 million. Revenue at Canal Plus France, which includes pay TV services in France, French overseas territories and Africa, rose 1.7% to $2.9 billion. Company has seen a net increase of 96,000 subscriptions in the past 12 months. Universal Music Group’s revenues fell 1.9% to $2.7 billion. Digital sales went up 13.5%. Bestselling new releases included titles from Lady Gaga and Jennifer Lopez.