Report
Jerôme Bodin

Vivendi : A closer look at Groupe Canal+ (before the IPO)?

>Global ambition but with a selective geographical coverage - In prospect of the spinning-off of Vivendi, which is expected before the end of 2024, we have taken a look at Groupe Canal+ as a whole on the basis of the data that is currently available. Groupe Canal+ should be the leading listed asset to come from Vivendi (around 3x bigger than Havas). The group’s long-term ambition is, in our view, to become the leading alternative to Netflix worldwide, but excluding a ...
Underlying
Vivendi SE

Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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