Pay TV, games drive Vivendi

Second-quarter revs stood at $7.17 billion

Vivendi revenues were e10.22 billion ($14 billion) in the first half of 2007, up 6.8% from a year earlier, driven by pay TV and gaming, with “World of Warcraft” continuing to pump profits in the latter biz.

Second-quarter revs stood at $7.17 billion, up 7.4%.

First-half revenues at the Canal Plus Group rose 17.5% to $2.97 billion, attributed mainly to strong growth in French pay TV operations driven by the September merger with satellite platform TPS.

Subscription growth and healthier advertising revenues also boosted Canal Plus’ fine figures. Year-on-year sub growth was more than 400,000, for a total of nearly 10.3 million customers.

At Vivendi, first-half games revenue of $690 million was up 68.9% from a year earlier. Second-quarter revenues came in at $288.4 million, up 29%.

The very strong growth has been fueled by the continued popularity of “World of Warcraft: The Burning Crusade,” which now has a user base of about 9 million worldwide. Growth has been especially strong in Asian markets, and the game will be released in China later this year.

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