Corporate empire builder enjoyed $25 million severance.
PARIS – Universal Music Group (UMG) revenues jumped 7.5% at actual currency to €4.886 billion ($6.7 billion) as the music company looked to be bottoming out in 2013, UMG owner Vivendi announced…
PARIS – Paris-based Vivendi, owner of the Universal Music Group and European pay TV giant, the Canal Plus Group, confirmed Monday that it had received an approach from Altice, the 40% owner of Gallic…
U.S. satellite service giant EchoStar Corp, and Brazil-based telco Global Village Telecom (GVT), a subsid of France's Vivendi, have nixed talks to create a joint pay TV venture in Brazil. Confirming…
After years of confrontations, Vivendi and Lagardere, two Paris-based media congloms, have finally reached an agreement, putting an end to their joint ownership of Canal Plus France, Gaul’s pay TV…
In a bold strategic move, Vivendi is selling 85% of its interest in Activision Blizzard, the group’s main profit driver, for $8.2 billion. Activision Blizzard, the powerhouse behind such hit games…
MADRID — French media conglom Vivendi unveiled its 2012 earnings on Tuesday, revealing that the Canal Plus Group, one of Europe’s biggest buyers of Hollywood content, is holding up despite recession…
French media groups Lagardere and Vivendi are engaged in a legal battle over the cash management of their Canal Plus France pay TV venture.
A New York Judge has upheld a circa $1 billion jury verdict from last summer against Vivendi and added interest, a move the Paris conglom said Thursday that it plans to appeal.
PARIS -- Giant French conglom Vivendi saw profits dip in the first half of 2012 as declines at vidgame arm Activision Blizzard offset upticks in Universal Music and Canal Plus.
Vivendi chief exec Jean-Bernard Levy is set to step down after a disagreement with the board of the French media and telco conglom over strategy. Jean-Francois Dubos, Vivendi's general counsel, will…