Gallic media conglom Vivendi reported positive results Wednesday, with revenue up 6.1% on the same period last year to €14 billion ($18 billion) and net profit up 4% to $1.96 billion.
Drivers are Vivendi’s mobile phone business, boosted by new holdings in Brazil, and its Santa Monica-based vidgames arm Activision Blizzard, which makes “World of Warcraft” and the “Call of Duty” franchise. Activision Blizzard’s revenues reached $2.2 billion, up 14.1%.
Universal Music Group remains in a difficult position, with revenue down 5.4% to $2.4 billion.
Vivendi blamed fewer major local and international releases, and reduced demand for music in physical forms. In contrast, merchandising and digital sales are rising.
Revenue from paybox Canal Plus was $2.9 billion, 3.1% up on last year. Subscriber numbers are rising both in France and overseas.
Execs confirmed that talks are under way on a partnership between Canal Plus and France Telecom that would see their respective TPS Star and Orange Cinema Series film channels collaborating on content.
Canal Plus topper Bertrand Meheut declined to say what stage the talks had reached, but commented that a tie-up would help both sides make money from films and TV series.
“It’s very difficult in this domain to have a profitable offer,” he said.