Wednesday 23 October 2024

Broadband TV News: Canal grows revenue ahead of Vivendi split

Story from Broadband TV News:

Canal+ grew revenues across all of its activities, contributing €4,720 million to parent Vivendi in the first nine months of the year.

The media giant is holding a shareholders meeting on 9 December that is expected to approve a split of Canal+ and Havas from Vivendi.

Canal+ Europe’s activities increased by 3.1% year-on-year, driven in particular by an increase in the subscriber base in France.

Revenues from Canal+ Africa and Asia increased by 4.2%, driven by further growth in the subscriber base in Africa.

There was also growth for both Dailymotion and Studiocanal.

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