Vivendi : What to expect from Q2 2019 earnings
>The momentum is still mixed between UMG and Canal+ - This note provides an update on our H1 2019 earnings forecasts for Vivendi. The group is due to report on 25 July 2019, followed by a conference call. We anticipate a good set of Q2 figures for UMG (+12.5% in organic terms for recorded music) but a more challenging quarter for Canal+ in France. The focal point of this release will be management’s update on the disposal of UMG. Press reports recently alluded to the ...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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