Vivendi : New Canal+ deal on its investments in French cinema, securing key content
>A new deal on French cinema that secures key content - Groupe Canal+ signed yesterday a new three-year framework agreement with professional cinema organisations. It stipulates that: 1/ investment by Groupe Canal+ in French and European cinema are now based on a fixed budget of € 190m per year for the group’s pay-to-watch channels. Note that until now, the mechanism was based on an indexation of minimum investment on revenues or the number of subscribers; 2/ a deal ...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.
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