VIVHY - Vivendi SA

Other OTC - Other OTC Delayed Price. Currency in USD
27.90
-0.30 (-1.05%)
As of 11:02AM EST. Market open.
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Previous Close28.19
Open27.93
Bid0.00 x 0
Ask0.00 x 0
Day's Range27.89 - 27.94
52 Week Range24.22 - 29.97
Volume21,471
Avg. Volume54,441
Market Cap32.691B
Beta (5Y Monthly)0.58
PE Ratio (TTM)25.55
EPS (TTM)1.09
Earnings DateN/A
Forward Dividend & Yield0.56 (2.00%)
Ex-Dividend DateApr 14, 2019
1y Target Est41.00
  • Vivendi sells Universal Music stake to Tencent consortium
    Reuters Videos

    Vivendi sells Universal Music stake to Tencent consortium

    Universal Music Group: it's the world's biggest music label, home to Lady Gaga, Taylor Swift, Ariana Grande, and greats like The Beatles. And, now to be shared with a consortium led by Tencent. Universal's owner Vivendi disclosing on Tuesday (December 31) that it has finalized an agreement to sell a 10% stake to the Chinese firm and its co-investors. The deal values Universal at $34 billion and the consortium has an option to buy another stake by early 2021. Talks between the two groups were first revealed in August. The agreement will allow both to expand in a recovering global market, with Tencent getting more access to U.S. artists and Universal tapping into Korea's K-Pop and other Asian stars. The revenues are there. 2018 saw a fourth year of strong growth after a decade of decline, much of the upsurge driven by Spotify and other streaming services. They made up nearly half of all revenues. The deal will also be music to the ears of Vincent Bollore, the French billionaire who controls Vivendi, and who has been seeking to cash in on the revival.

  • What Does Vivendi SA's (EPA:VIV) P/E Ratio Tell You?
    Simply Wall St.

    What Does Vivendi SA's (EPA:VIV) P/E Ratio Tell You?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Reuters

    Mediaset approves changes to keep pan-European TV plan afloat

    Italy's Mediaset on Friday won shareholder approval for governance tweaks needed to smooth a pan-European expansion plan despite opposition from its second-biggest investor Vivendi, which is fighting the project in court. Controlled by the family of former Italian Prime Minister Silvio Berlusconi, Mediaset last year approved a plan to merge its businesses in Italy and Spain under a Dutch-based company, called MediaForEurope (MFE).

  • Reuters

    Italian court turns down Vivendi's request to suspend freeze on Mediaset stake

    An Italian court has thrown out a request by Vivendi to suspend a ruling forcing it to freeze two-thirds of its stake in Italian broadcaster Mediaset , a court document showed on Thursday. The decision comes a day before a Mediaset shareholder meeting to vote on governance tweaks to a Dutch holding company set up by Mediaset to pursue tie-ups with European peers.. Vivendi opposes Mediaset's plans on the grounds the changes would give Mediaset's main shareholder, the Berlusconi family, too much power.

  • Tencent Expands Globally With 10% Stake in Universal Music
    Zacks

    Tencent Expands Globally With 10% Stake in Universal Music

    A consortium led by Tencent (TCEHY) is buying a stake in Universal Music to expand the global footprint and strengthen competitive position.

  • Vivendi Shareholders Finally Hear a Sweet Tune
    Bloomberg

    Vivendi Shareholders Finally Hear a Sweet Tune

    (Bloomberg Opinion) -- Vivendi SA investors should be sighing with relief.The French media conglomerate announced on Tuesday that it plans to sell 10% of its Universal Music Group record label to a group led by Tencent Holdings Ltd., the Chinese internet giant. The 3 billion euro purchase ($3.4 billion) implies an equity valuation of 30 billion euros for all of UMG, as the music business is known. As my Bloomberg Opinion colleague Alex Webb wrote in August, Vivendi should gain strategic and financial advantage from the alliance with Tencent.Shareholders of Vivendi should be smiling that a deal got done at all. Vivendi first announced in mid-2018 plans to sell as much as half of UMG, which is home to musicians such as Drake and Lady Gaga. The process didn’t move quickly or in a straight line.Earlier this year, private equity investors and sovereign wealth funds became annoyed over what some potential suitors saw as a pricey deal and the slow pace of negotiations. That left fewer potential investors for UMG. Rich technology companies with an interest in music, including Google and Amazon.com Inc., were unlikely investors for UMG.When it announced the Tencent deal on Tuesday, Vivendi said it would look to sell a further minority stake at the price agreed to by Tencent or higher. The Tencent-led group has the option to buy up to 10% more of UMG in the next year at the same price. Vivendi, in short, has now set a floor on the value of UMG, and by extrapolation for Vivendi at large.Vivendi shares in Paris inched up slightly after the announced investment. Vivendi’s total market capitalization of about 30.6 billion euros implies that assets accounting for about 55% of Vivendi’s revenue — including the Canal+ broadcast group, the Havas advertising agency and a collection of publishing companies — are essentially valued at almost zero. The conglomerate discount on Vivendi and its mercurial controlling shareholder Vincent Bollore is likely to persist.UMG and the rest of the Big Three music labels — Warner Music Group Corp. and Sony Music Entertainment — remain in an odd spot. Technology changes that wrecked their business models have now helped revive them, but there is much more potentially wrenching change to come in the industry.Paid streaming music services such as Spotify and others have helped global record label revenue grow significantly for the first time since the 1990s, but industry revenue remains lower than it was at the peak of CD popularity more than 15 years ago. The record labels remain in a constant tug-of-war with technology companies that want to license music for apps such as TikTok and for internet services that are both expressly devoted to music and those that are not, including YouTube, which by some measure is the most popular music-listening spot in the world.Meanwhile, Spotify and other young streaming companies are trying slowly to cut out the record labels and strike deals directly with musicians. Streaming music companies constantly want to lower the fees they pay labels for the rights to songs; the music majors are constantly fighting for higher rates. Those strategic challenges won’t go away, nor will the imperative for the music industry to structurally change a business model still built in many way for the old mode of artist discovery, promotion and publishing. But Vivendi’s new partner can be a useful ally for a UMG’s expansion in China, a lucrative but tricky market for foreign music companies. Asia represented just 13% of UMG’s 2018 sales.Among Tencent’s large roster of investments is the separately listed streaming music service Tencent Music Entertainment. U.S.-listed depository receipts of that company rose 3% in early market trading Tuesday. Tencent Music is part of the consortium that is buying the stake in UMG and will have an option to buy a minority stake in UMG’s China business.The big price tag for Universal Music is a testament to the improving fortunes of the music industry. Once written off as has-beens, the music majors are in a better position than they have been for years. The question now for Vivendi investors is whether the Tencent deal will mark a new lucrative phase for Universal and other music industry powers, or if it’s a sign of a peak. To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2020 Bloomberg L.P.

  • Tencent Group Buys 10% of Universal Music for $3.4 Billion
    Bloomberg

    Tencent Group Buys 10% of Universal Music for $3.4 Billion

    (Bloomberg) -- A consortium led by China’s Tencent Holdings Ltd. agreed to buy 10% of Universal Music Group from French media company Vivendi SA after months of talks.The deal values the world’s biggest music company at 30 billion euros ($33.6 billion). Tencent and its partners can increase their stake to as much as 20% at the same valuation until Jan. 15, 2021, the companies said in statements on Tuesday.With the Chinese social media and gaming giant now officially on board, other potential investors may look at Universal Music. That would energize a sale process that seemed to be dragging along since Vivendi first announced plans to sell as much as half the business in July 2018.Read Bloomberg Opinion's view on what the deal says about the music industryNegotiations will now begin over the potential sale of a further minority stake at a price “which would at least be identical” to the deal with Tencent, Vivendi said. Shares of the company rose 0.4% as of 12:08 p.m. in Paris.Vivendi is cashing in on a boom in subscription music streaming that’s inflated the value of its back catalog and a roster of stars including Taylor Swift, U2, Drake and Post Malone. Record company sales have jumped by an average 7% annually since 2014 and streaming has become the industry’s biggest source of revenue.Asia ChallengesHowever, there are signs that streaming growth is beginning to slow in Europe and North America, while in Asia, music labels face continued piracy and regional rivals especially attuned to local tastes. Tencent could help Universal Music get closer to Asian audiences.The companies didn’t name the other Tencent consortium members. Hillhouse Capital and Singapore’s sovereign wealth fund GIC Pte. were among potential investors that the Chinese tech giant approached, people with knowledge of the matter told Bloomberg News in November. Vivendi first disclosed the talks with Tencent in August.The deal brings some good news for Vivendi at the end of a frustrating year for its largest shareholder, billionaire Vincent Bollore. Other Vivendi businesses such as advertising and pay-television are contending with competitive threats from digital rivals and the group’s investments in Italy have been bogged down in boardroom battles and legal fights.Some analysts had criticized the slow pace of the Universal Music sale process and questioned the price demanded by Vivendi. The idea of a partial disposal of the business or an initial public offering has been mooted since 2017.(Updates with context on music industry’s Asia challenge from sixth paragraph)To contact the reporter on this story: Thomas Pfeiffer in London at tpfeiffer3@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Andrew NoëlFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Tencent gets into global groove with stake in Vivendi's Universal
    Reuters

    Tencent gets into global groove with stake in Vivendi's Universal

    PARIS/HONG KONG (Reuters) - A Tencent-led consortium is taking a 10% stake in Vivendi's Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros ($34 billion) and giving the Chinese firm a global backstage pass. The deal allows both companies to expand in a recovering global music market, giving Tencent more access to U.S. artists while UMG can tap into the Asian market, including big-selling "K-Pop" Korean pop stars. After months of talks, French media conglomerate Vivendi said on Tuesday it had finalised the sale of an initial 10% of the world's largest music label to the Tencent consortium, which also had the option to buy up to 10% more by January 2021 on the same price basis.

  • Tencent taps GIC, sovereign funds to rescue Universal Music deal - sources
    Reuters

    Tencent taps GIC, sovereign funds to rescue Universal Music deal - sources

    LONDON/HONG KONG/PARIS (Reuters) - Tencent Holdings Ltd has turned to Singapore's state investor GIC and other sovereign funds to help rescue a deal to buy a stake in Vivendi's Universal Music after major buyout funds quit the negotiating table, sources said. Vivendi, controlled by billionaire Vincent Bollore, had initially revealed talks with Tencent in August to sell part of Universal Music Group (UMG), the music label of artists such as Lady Gaga, the Beatles, Taylor Swift, Drake and Kendrick Lamar.

  • Tencent taps GIC, sovereign funds to rescue Universal Music deal: sources
    Reuters

    Tencent taps GIC, sovereign funds to rescue Universal Music deal: sources

    LONDON/HONG KONG/PARIS (Reuters) - Tencent Holdings Ltd has turned to Singapore's state investor GIC and other sovereign funds to help rescue a deal to buy a stake in Vivendi's Universal Music after major buyout funds quit the negotiating table, sources said. Vivendi, controlled by billionaire Vincent Bollore, had initially revealed talks with Tencent in August to sell part of Universal Music Group (UMG), the music label of artists such as Lady Gaga, the Beatles, Taylor Swift, Drake and Kendrick Lamar.

  • Benzinga

    Disney+ To Make Debut In France In March

    Disney+, the video streaming service of Walt Disney Co  (NYSE: DIS ), will make its debut in France by March next year, Reuters reported on Sunday. The streaming service will be available on French media ...

  • Telefonica to Adopt Multi-Vendor Policy for 5G in Spain
    Zacks

    Telefonica to Adopt Multi-Vendor Policy for 5G in Spain

    Telefonica (TEF) seeks to adopt a multi-vendor strategy with Huawei to reinforce 5G network infrastructure in Spain.

  • TELUS to Augment Scale of Operations With Competence Buyout
    Zacks

    TELUS to Augment Scale of Operations With Competence Buyout

    TELUS (TU) plans to acquire Competence Call Center for $1 billion with an aim to boost operational efficiencies, financial performance, customer experience and business solutions portfolio.

  • Reuters

    UPDATE 1-Mediaset and Vivendi's court hearing set for Dec. 6

    An Italian judge will hear Vivendi's request to block Mediaset's pan-European television project on Dec. 6, the Italian broadcaster said on Monday, after the companies failed to settle their differences out of court last week. The two groups, locked in a series of legal battles, have clashed over the Mediaset's plan to create a cross border TV champion by merging its Italian and Spanish businesses under a Dutch holding company. The judge confirmed that the merger process will remain on hold until the court rules in the case, Mediaset said in a statement.

  • Prince's first manager: The Taylor Swift licensing dispute is 'almost funny'
    Yahoo Finance

    Prince's first manager: The Taylor Swift licensing dispute is 'almost funny'

    Taylor Swift’s public battle for control of her master recordings highlights an industry-wide debate, one that most artists don’t have the capital or the platform to influence.

  • Judge to rule on Vivendi request to halt Mediaset European TV plan
    Reuters

    Judge to rule on Vivendi request to halt Mediaset European TV plan

    MILAN/PARIS (Reuters) - An Italian judge will decide on Vivendi's request to block Mediaset's pan-European television project after the two groups failed to settle their long-running dispute, a legal source said on Friday. The case has become a tussle between billionaires over the future of European TV as competition grows from streaming services from the likes of Netflix and Amazon . Mediaset is backed by the family of former Italian Prime Minister Silvio Berlusconi while its 29% shareholder Vivendi is led by Vincent Bollore.

  • Reuters

    UPDATE 4-Judge to rule on Vivendi request to halt Mediaset European TV plan

    MILAN/PARIS, Nov 29 (Reuters) - An Italian judge will decide on Vivendi's request to block Mediaset's pan-European television project after the two groups failed to settle their long-running dispute, a legal source said on Friday. The case has become a tussle between billionaires over the future of European TV as competition grows from streaming services from the likes of Netflix and Amazon. Mediaset is backed by the family of former Italian Prime Minister Silvio Berlusconi while its 29% shareholder Vivendi is led by Vincent Bollore.