Vivendi Sees Revenues Rise by 3.3% to $2.52 Billion in First Quarter of 2023
Elsa Keslassy International Correspondent Vivendi, the parent company of French pay TV banner Canal+ Group,has sees revenues rise by 3.3% to €2.29 billion ($2.52 billion) during the first quarter of 2023. Vivendi attributes the growth to all its subsidiaries, in particular Studiocanal, the film and TV production and distribution company of Canal+, whose revenues went up by 13.6% compared with the first quarter of 2022 driven by the success of several films, including the comedy “Alibi.com 2” and “John Wick 4.” Among the several high profile deals signed by the company during the first quarter, Canal+ inked an agreement with French telco Orange to acquire all shares of its pay TV package OCS, as well as Orange Studio, the film and series co-production subsidiary.