Such a scenario presented Bolloré at the general meeting of shareholders. Vivendi is a French broadcasting group operating in the markets of music, television, film, computer games and telecommunications sectors. Revenues Vivendi for the year 2015 amounted to 10.762 billion euros. The company owns a music label, Universal Music Group, Dailymotion (the largest competitor, YouTube), a shareholder manufacturers of computer games and mobile Ubisoft and Gameloft. Vivendi also has interests eg. In Telecom Italia. One of the core businesses Vivendi Canal + Group, which includes among other things the French Itel, D8, D17 or Vietnamese television VSTV. He is currently a shareholder television nc + (a 51 per cent. Of the shares, is also a shareholder of TVN).
Canal + in Poland was the first paid television channel. The official broadcasting started in our country in 1995.
Problems Canal +
As reported by “Le Figaro “conclusion of a two-hour presentation Bolloré was one – pay-TV channel is wrong. According to Stéphane Roussel, president of Vivendi, if the company does not respond, Canal + later this year may record a loss of 400 million euros. This sum would deepen the huge loss of 264 million euros, which channel recorded last year. The Management Board also stressed that the long Canal + in excess of 1 billion euros, while the number of subscribers is falling all the time. From June 2014 to June 2015. Canal + France had lost up to 117 thousand. subscribers.
– At some point you have to turn off the faucet. Vivendi can not indefinitely subsidize Canal + – said Vincent Bolloré, and added that although some believe that it is through him, Canal + has such losses, he is the person who can improve this situation. To avoid the implementation of the black scenario, the company will have to revise their bills and cut costs.
The whole group Canal + is still good
According to “Le Monde” still Canal + Group as a whole remains profitable. Mainly due to budget CanalSat – the second largest in Europe platform, immediately after Sky Digital – free channels, which also are part of the group, as well as through other activities in France, Poland, Vietnam and Africa, operating profit of the Group Canal + last year amounted to 454 million euro.
– Is it worth saving Canal +? I personally think that yes – assured Bolloré, who wants to fight the digital giants like Google, Apple, Facebook and Amazon, and producers, such as. Disney. The costs of the group have already been reduced, starting from the expenditure incurred for the Cannes Film Festival. In February, Vivendi announced that the goal is to return Canalu + to balance in 2018.
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