|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||20.42 - 20.96|
|52 Week Range||16.60 - 26.69|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||16.31|
|Earnings Date||Feb 13, 2020|
|Forward Dividend & Yield||0.60 (2.99%)|
|Ex-Dividend Date||Apr 21, 2020|
|1y Target Est||24.84|
(Bloomberg Opinion) -- What was once sacrosanct is no more. Apple Inc. seems to have blinked.Late Wednesday, Bloomberg News reported that Apple has relaxed its rules requiring a 30% cut for any content sold inside video apps on its iOS platform. The tech giant said its program allows “premium subscription video” providers the ability to charge consumers directly using their own payment systems without paying a commission to Apple.For customers of Amazon.com Inc., which started taking advantage of the change on Wednesday, it means Amazon’s Prime Video subscribers in the U.S., U.K. and Germany, can now buy or rent video content using the e-commerce company’s app on Apple’s platforms. Amazon.com Inc. had previously only allowed video purchases outside of Apple’s ecosystem, such as its website. Canal+, owned by Vivendi SA, and Altice USA Inc.’s Altice One had already joined Apple’s program in recent years.As recently as last year, Apple CEO Tim Cook told CBS News the company didn’t have a dominant position in any market. But analysts have said Apple’s App Store may be the one business where it actually had excessive power over developers, because of the steep commission it was able to demand in exchange for allowing their apps, in-app purchases and subscriptions to be sold on its platforms. (The 30% subscription fee is lowered to 15% after the first year.)The Apple App Store’s high commission structure has been infuriating for many companies. In 2019, music-streaming company Spotify Technology SA filed a complaint against Apple with the European Commission, while Epic Games Inc. CEO Tim Sweeney, whose company makes Fortnite, has consistently railed against Apple’s commission structure as unjustified. Netflix Inc. even abandoned using Apple’s payment system altogether to avoid the fee in 2018.Why did Apple budge? Perhaps it’s a move to preempt further pressure from regulators. Whatever the reason, once the first step is made toward lower fees, there is no turning back.It’s only a matter time before other companies such as Netflix, Spotify and countless others ask for better terms as well. Lower middle-man fees can also be good news for consumers if it leads to lower prices, too.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Apple Inc. has relaxed a controversial policy that took a 30% cut of payments when video apps on its platform sold TV shows and movies.Amazon.com Inc. started taking advantage of the change on Wednesday, selling and renting movies via its Prime Video service on Apple devices without needing to give Apple a share of the money.“Apple has an established program for premium subscription video entertainment providers to offer a variety of customer benefits,” the Cupertino, California-based technology giant said in a emailed statement. The program applies to multiple services, including Amazon Prime Video. Canal+, a unit of Vivendi SA, started participating in 2018. Altice One, a cloud-based video service from Altice USA Inc., signed up in February.The program lets these premium services charge viewers via their own payment method instead of Apple’s in-app-purchase system, which takes a 30% cut. “Customers have the option to buy or rent movies and TV shows using the payment method tied to their existing video subscription,” Apple said in the statement.Apple said the program also provides a number of other benefits, including “integration with the Apple TV app, AirPlay 2 support, tvOS apps, universal search, Siri support and, where applicable, single or zero sign-on.”Most other types of apps and services on Apple devices like the iPhone, iPad, and Apple TV require the use of Apple’s in-app-purchase system for downloads and upgrades. Some developers, including Spotify Technology SA, have said Apple’s system is an antitrust issue and have had to raise their prices by 30% for iPhone users to offset Apple’s fees.Read more: Apple and Google Face Growing Revolt Over App Store ‘Tax’ (Updates with details of program participants in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Moody's Investors Service, ("Moody's") has today affirmed Vivendi SA's ("Vivendi" or "the company") issuer rating of Baa2. Concurrently, Moody's has affirmed the company's Baa2 senior unsecured ratings and the (P) Baa2 senior unsecured MTN programme rating.
Vivendi has closed the sale of 10% of its subsidiary Universal Music Group to a consortium led by the Chinese tech giant Tencent. The deal, which was announced in December, values UMG at €30 billion ($33 billion). As part of the agreement, the consortium - which includes Tencent Music Entertainment, as well as other financial […]
Vivendi closed on Tuesday the sale of a 10% stake in Universal Music Group (UMG) - home to Taylor Swift and The Beatles - to a Tencent-led consortium, in a deal giving UMG an enterprise value of 30 billion euros ($33 billion). The French conglomerate, in which billionaire Vincent Bollore's holding company has the biggest stake, said it would now examine the possible sale of other minority interests in UMG, with an initial public offering of those assets planned for early 2023.
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Telecom Italia (TIM) said on Wednesday it would not agree to being a minority shareholder in any single broadband network created by a tie up with smaller rival Open Fiber. TIM is currently in talks with U.S. infrastructure fund KKR to invest in its own secondary last-mile network. "Its time for Enel to make up its mind and decide," TIM Chief Executive Luigi Gubitosi said in a conference call on its new business plan, adding there was institutional support for a single network.
Italy's biggest phone group Telecom Italia (TIM) said on Tuesday it was postponing its target to return to core profit growth this year after anticipating lower service revenues dogged by underperforming domestic business. In a statement Telecom Italia said total revenues last year fell 2.6% to 18 billion euros, in line with a company-provided consensus of 17.998 billion euros. TIM, whose investors count French media company Vivendi and investment firm Elliott, said organic earnings before interest, tax, depreciation and amortisation (EBITDA) after leases fell 2.2% to 7.2 billion euros in the 12 months ending December.
France's Vivendi has filed an appeal against a decision by a Milan judge to clear the way for a planned reorganization at Mediaset , Italy's biggest commercial broadcaster said on Thursday. Mediaset wants to merge its Italian and Spanish businesses into a Dutch unit, dubbed MediaforEurope (MFE). Vivendi, which owns 29% stake in the media group controlled by the family of former Prime Minister Silvio Berlusconi, is challenging the plan in courts across Europe, saying the new governance set-up would harm minority shareholder interests.
The board of Telecom Italia (TIM) met on Thursday to discuss proposals by U.S. investment firm KKR for a broadband investment in the country as the government pushes for a unified ultra-fast network. Rome wants the former phone monopoly and smaller fibre-optic operator Open Fiber to create a single ultra-fast broadband player to avoid duplicating investments but a deal has so far proved elusive. As negotiations stall and Open Fiber continues to roll out its network, TIM has invited infrastructure funds to consider an investment in the potential future combined fibre-optic entity.
The head of publisher Bertelsmann said its TV arm RTL should be allowed to merge with German rival ProSiebenSat.1, to give them a fighting chance against U.S. streaming giants. Thomas Rabe's comments - in an interview with Frankfurter Allgemeine Sonntagszeitung published on Sunday - come as European broadcasters explore ways to join forces against the onslaught from established players Netflix and Amazon Prime that are now being joined by Disney and Apple. ProSieben has become the focus of takeover speculation after Italy's Mediaset amassed a 15.1% stake in the Munich-based broadcaster towards the end of last year.
French media conglomerate Vivendi said on Thursday it planned to list its most-prized asset, Universal Music Group, by early 2023 at the latest, following a year of record profit for the division. This represents a new milestone in a two-year process launched by Vivendi's top investor, Vincent Bollore, to make the most of the world's biggest music label, home to artists Taylor Swift, Drake and Lady Gaga. Chief Executive Officer Arnaud de Puyfontaine declined to give further details on the potential IPO but said Universal's stellar performance could draw further interest from investors.
French media conglomerate Vivendi said on Thursday it planned to list its most-prized asset, Universal Music Group, by early 2023 at the latest. Vivendi, controlled by billionaire Vincent Bollore, said Universal yielded record profits in 2019, with earnings before interest, tax and amortisation jumping by 22% at constant currency and perimeter from a year earlier to 1.12 billion euros ($1.21 billion).