Report
Jerôme Bodin

Vivendi : EBITA for Canal+ should benefit from the L1 episode, ahead of the IPO

>Favourable momentum in terms of costs thanks to the L1 saving - Here, we provide an update on the situation for the domestic rights to L1 (the first French football division) and what the impacts on EBITA at Canal+ could be as of 2025. Visibility is currently very low as these rights have still not been re-attributed for the next season (starting August 2024). Groupe Canal+ would not negotiate with the LFP (football league) and could, in our view, generate major net ...
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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