\n\tPARIS: Announcing its earnings for the first nine months of 2015, Vivendi said it had reached an agreement to take 26.2 percent of the combined Banijay\/Zodiak group, with the deal set to close during the first half of next year.<\/p>\n
\n\tThe transaction involves a cash payment of 290 million euros ($311 million), including 100 million euros ($107 million) for the stake in the entity being formed from the combination of the Banijay Group and Zodiak Media. The remaining 190 million euros ($204 million) comes with Vivendi's subscription to two bonds being issued by Banijay Zodiak and Lov Banijay, redeemable in shares or cash. Both bonds mature in seven years.<\/p>\n
\n\t"Vivendi plans to invest in one of the most successful creators of scripted and non-scripted programs for television and multimedia platforms," the company said. "The combined company will own a powerful portfolio of popular brands and formats in the fields of entertainment, drama, factual, reality entertainment, docu-dramas, as well as children’s and animation programs. It will also bring together a formidable community of innovative creative talent who are developing the next generation of quality entertainment programs."<\/p>\n
\n\tFor the first nine months, Vivendi reported a 7 percent gain in revenues to 7.6 billion euros ($8.2 billion), with adjusted net income rising 13.4 percent to 501 million euros ($538 million). CANAL+ Group's revenues rose slightly to 4 billion euros ($4.3 billion). The division reported a total of 15.4 million subscribers, a gain of 619,000 on the year-ago period. Increases came from its African and Vietnam businesses, and the Canalplay streaming platform, but subscriptions dipped in its pay-TV operations in France. Pay-TV revenues in France fell by 1.9 percent, while international revenues rose by 7.6 percent. Ad revenues from free-to-air channels were up 5 percent. STUDIOCANAL's revenues rose by 12.9 percent.<\/p>\n
\n\t"In its ambition to build an international media and content production and distribution group, Vivendi anticipates that the next two years (2016 and 2017) will be a period of potentially heavy investments, during which priority will be given to the long-term development of the Group with a strict cost-management policy," the company said of its financial outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"
PARIS: Announcing its earnings for the first nine months of 2015, Vivendi said it had reached an agreement to take 26.2 percent of the combined Banijay\/Zodiak group, with the deal set to close during the first half of next year. The transaction involves a cash payment of 290 million euros ($311 million), including 100 million …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-6309","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"\n