×
You will be redirected back to your article in seconds

Vivendi Posts 5.6% Increase in Q3 Revenue, Driven by UMG, Studiocanal

Vivendi posted a 5.6% year-on–year increase in revenue to €3.38 billion ($3.84 billion) in the third quarter of 2018, bolstered mainly by the growth of Universal Music Group and, to a lesser extent, Canal Plus Group. For the first nine months of the year, the company’s revenues jumped 13.6% to €9.84 billion ($11 billion).

Canal Plus Group’s revenues were up 0.4% to €3.82 billion ($4.35 billion) during the first nine months thanks to an increase in the group’s global subscriber base, which reached 15.4 million subscribers. While revenues for the pay-TV channels of Canal Plus in mainland France have declined, revenues for Studiocanal, the company’s film and TV production, distribution and sales division, rose by 10.3% over the same period, driven by more theatrical releases and strong home entertainment sales. The division owes its performance in large parts to the global success of “Paddington 2,” with Hugh Grant and Ben Whishaw.

Studiocanal has also just scored with Gilles Lellouche’s “Sink or Swim,” which world premiered out of competition at the Cannes Film Festival and has lured more than 3 million moviegoers since being released Oct. 24 in France.

Canal Plus Group recently inked two major deals with SFR to access popular soccer tournaments such as the UEFA Champions League, UEFA Europa League and English Premier League, and with TF1 Group to distribute TF1 channels and non-linear services on Canal Plus packages.

As previously reported, Canal Plus also just renewed its contract with French film guilds to invest up to €180 million ($205 million) per year in local and European movies from 2019 to 2023.

Vivendi anounced during its Sept. 15 shareholders meeting that it has shortlisted about 15 banks to handle the sale of half of Universal Music Group, whose revenues were up 13.5% during the third quarter of 2018. A deal could be sealed early next year, said the company.

Vivendi recently acquired Editis, France’s second-largest French publishing group, which is valued at €900 million. The deal, which requires the approval of the French Competition Authority, is expected to close in late 2018 or early 2019.

More Film

  • Gwyneth Paltrow Variety Cover Story

    Gwyneth Paltrow Talks About Her Biggest Fights With Harvey Weinstein

    In this week’s Variety cover story, Gwyneth Paltrow looks back on the 20th anniversary of winning the best actress Oscar for “Shakespeare in Love.” The movie still holds up today, although there’s an ominous figure lurking in the credits. The romantic comedy was produced by Harvey Weinstein, and Paltrow spoke about working for the volcanic [...]

  • Jason Hoch to Lead Imperative Entertainment's

    Jason Hoch to Lead Imperative Entertainment's New Podcast Division (EXCLUSIVE)

    Entertainment studio Imperative Entertainment has hired producer Jason Hoch to lead its newly formed podcast division, Variety has learned. The new division will create and produce podcasts based on both original ideas and third-party IP, in addition to exploring opportunities within the company’s existing slate of feature and TV projects. Hoch has over 20 years [...]

  • Gwyneth Paltrow 'Avengers: Infinity War' film

    Gwyneth Paltrow to Exit Marvel Cinematic Universe

    For the last decade, Gwyneth Paltrow has popped up in the Marvel Cinematic Universe as Pepper Potts, Iron Man’s secretary and eventual girlfriend. But in an interview with Variety, the actress said that she’s planning on retiring the character after this summer’s “Avengers: Endgame.” “I mean, I’m a bit old to be in a suit [...]

  • Oscars Predictions Final

    Oscar Predictions: Who Will Win and Who Should Win?

    At 5 p.m. Tuesday on the west coast it’ll be pencils down for Oscar voters, so to speak. Or maybe in an era of online voting, it’s more like laptops closed. Either way, polling for the 91st annual Academy Awards officially concludes in a few short hours. Five days from now, we’ll find out which [...]

  • Modern Films Picks Up Oscar-Nominated 'Never

    Modern Films Picks Up Oscar-Nominated 'Never Look Away' for U.K.

    Modern Films has snagged U.K. and Ireland rights to “Never Look Away,” the German-language Oscar entry from “The Lives of Others” helmer Florian Henckel von Donnersmarck. The multi-generational story follows a young art student (Tom Schilling), who falls in love with a fellow student (Paula Beer). Her father (Sebastian Koch), a renowned doctor, disapproves of [...]

  • Gwyneth Paltrow Variety Cover Story

    Gwyneth Paltrow on How 'Shakespeare in Love' Changed Her Life (and the Oscars) Forever

    Gwyneth Paltrow never felt the same after making “Shakespeare in Love.” The movie that earned her the best actress Oscar 20 years ago transformed her into a global star. “It just changed my life,” Paltrow says on a recent afternoon in Los Angeles, reflecting on the impact of the 1998 romantic comedy that grossed nearly [...]

More From Our Brands

Access exclusive content