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Universal Music, Canal+ Boost Vivendi’s Q1 But Advertising, Publishing See March COVID-19 Hit As Earnings Kick Off On Both Sides Of The Atlantic

Vivendi Weighs Impact of Coranavirus as Universal Music Drives Growth in Q1

From BTS' South Korea tour to Jonas Brothers' Las Vegas show, concerts cancelled due to Coronavirus crisis

Ryder Cup caddie raffles off Team Europe memorabilia in bid to help foodbanks during coronavirus crisis

Vivendi Closes $3.3 Billion Sale of 10 Percent Universal Music Stake to Tencent-Led Consortium

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Universal Music Drives Vivendi Revenue Growth, Virus Crisis "Affecting" Canal+

10.07.2020 - 13:22

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French entertainment and telecom conglomerate Vivendi on Monday said its first-quarter revenue rose 11.9 percent, or 4.4 percent assuming constant currencies, to $4.20 billion (3.87 billion euros) on the strength of its music division.

It also provided an update on the business effects of the novel coronavirus pandemic, including the fact that it is "affecting all of Canal+ Group’s revenue sources." Vivendi said that its first-quarter revenue was "little affected by the consequences of the COVID-19 pandemic, the impact of which varied according to the group’s businesses and the geographical regions in which it operates." The firm mentioned a revenue hit in March at such operations as advertising arm Havas Group, book publisher Editis and.

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