{"id":6733,"date":"2016-05-12T11:26:33","date_gmt":"2016-05-12T15:26:33","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/adjusted-profit-down-at-vivendi\/"},"modified":"2016-05-12T15:41:27","modified_gmt":"2016-05-12T19:41:27","slug":"adjusted-profit-down-at-vivendi","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2016\/05\/12\/adjusted-profit-down-at-vivendi\/","title":{"rendered":"Adjusted Profit Down at Vivendi"},"content":{"rendered":"

PARIS: Vivendi\u2019s Q1 2016 revenues were relatively stable at 2.5 billion euros ($2.8 billion), but adjusted net income dropped by more than 27 percent to 99 million euros ($113 million).<\/p>\n

The lower adjusted net profit was related to an unfavorable tax charge following settlement of litigation with Liberty Media. Excluding that impact, adjusted net profit was up 3.1 percent to 140 million euros ($159 million).<\/p>\n

At Canal+, revenues fell 3.1 percent to 1.3 billion euros ($1.5 billion). Total subscriptions were up 170,000 to 15.4 million, as gains in Africa offset a 183,000 decline in France, with the number of customers down to 8.3 billion. Of the French operations, the company said: \u201cThese channels are negatively impacted by a difficult economic environment, increased competition from national and international players, and the skyrocketing prices for certain broadcasting rights. A major transformation plan has been implemented over the past months to restore value to the offer and to tailor it for each customer segment. Efficiency and cost control measures have also been put into place. Furthermore, Canal+ Group and beIN Sports entered into an exclusive distribution agreement. This agreement, which requires the approval of the French Competition Authority, would be beneficial to beIN Sports, which would benefit from Canal+\u2019s distribution strength, as well as to the customers of both companies who would have access to a comprehensive offering.”<\/p>\n

Pay-TV revenues took a hit, but advertising revenues from the free-to-air channels were up 11.5 percent. STUDIOCANAL\u2019s revenues fell in the period as well.<\/p>\n","protected":false},"excerpt":{"rendered":"

PARIS: Vivendi\u2019s Q1 2016 revenues were relatively stable at 2.5 billion euros ($2.8 billion), but adjusted net income dropped by more than 27 percent to 99 million euros ($113 million).<\/p>\n","protected":false},"author":290,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[169,538,442],"class_list":["post-6733","post","type-post","status-publish","format-standard","","category-top-stories","tag-canal","tag-canal-group","tag-vivendi"],"yoast_head":"\nAdjusted Profit Down at Vivendi - TVEUROPE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tveurope\/2016\/05\/12\/adjusted-profit-down-at-vivendi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adjusted Profit Down at Vivendi - TVEUROPE\" \/>\n<meta property=\"og:description\" content=\"PARIS: Vivendi\u2019s Q1 2016 revenues were relatively stable at 2.5 billion euros ($2.8 billion), but adjusted net income dropped by more than 27 percent to 99 million euros ($113 million).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/worldscreen.com\/tveurope\/2016\/05\/12\/adjusted-profit-down-at-vivendi\/\" \/>\n<meta property=\"og:site_name\" content=\"TVEUROPE\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-12T15:26:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-05-12T19:41:27+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/worldscreen.com\/wp-content\/uploads\/2016\/05\/logo.jpg\" \/>\n<meta name=\"author\" content=\"Mansha Daswani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mansha Daswani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2016\/05\/12\/adjusted-profit-down-at-vivendi\/\",\"url\":\"https:\/\/worldscreen.com\/tveurope\/2016\/05\/12\/adjusted-profit-down-at-vivendi\/\",\"name\":\"Adjusted Profit Down at Vivendi - TVEUROPE\",\"isPartOf\":{\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#website\"},\"datePublished\":\"2016-05-12T15:26:33+00:00\",\"dateModified\":\"2016-05-12T19:41:27+00:00\",\"author\":{\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#\/schema\/person\/83da304c8bad8bfdb3edd7eb47cfe5ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2016\/05\/12\/adjusted-profit-down-at-vivendi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/worldscreen.com\/tveurope\/2016\/05\/12\/adjusted-profit-down-at-vivendi\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2016\/05\/12\/adjusted-profit-down-at-vivendi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/worldscreen.com\/tveurope\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Adjusted Profit Down at Vivendi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#website\",\"url\":\"https:\/\/worldscreen.com\/tveurope\/\",\"name\":\"TVEUROPE\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/worldscreen.com\/tveurope\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/#\/schema\/person\/83da304c8bad8bfdb3edd7eb47cfe5ad\",\"name\":\"Mansha Daswani\",\"description\":\"Mansha Daswani is the editor-in-chief and associate publisher of World Screen. 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