Report
Jerôme Bodin

Vivendi : Groupe Canal+: what EBITA in 2022 following the recent announcements?

>A return to growth for Groupe Canal+ but limited impact on Vivendi’s NAV - We update our estimates for Groupe Canal+ based on the recent acquisitions of sporting rights (Champions League, L1, Premier League and Europa League). These acquisitions, combined with the signing of several distribution agreements, (Disney, beIN Sports, etc.), add up to a smart strategy in our view and should enable Groupe Canal+ to propose a much more competitive offering than is currently ...
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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