Vivendi : Q3 preview - a good Q3 in prospect for UMG and strategic catalysts remain
>A good Q3 and strategic catalysts - This article takes stock of Vivendi’s Q3 publication which is due on 15 November and to be followed by a conference call at 6.00 p.m. We anticipate a very good performance from UMG with organic growth of 12% (buoyed by a very favourable calendar of new releases and a very successful performance in the US, nine of the ten top sellers in September). Canal+'s performance is likely to be more mixed, but operational momentum has been i...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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