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 …
Among the several high profile deals signed by the company during the first quarter, Canal+ inked anto acquire all shares of its pay TV package OCS, as well as Orange Studio, the film and series co-production subsidiary.
The company’s video game banner Gameloft saw its business jump by 14%, boosted by its new game Disney Dreamlight Valley. Another popular game, Disney Speedstorm, launched this month. Yannick Bolloré, chairman of the supervisory board of Vivendi, and Arnaud de Puyfontaine, Chairman of the Management Board and CEO, said in a joint statement, “All of our businesses progressed during the first quarter of 2023. Many positive signs have emerged in the last few months.”which integrates AppleTV+ into the Canal+ package at no extra cost for all subscribers.
The Vivendi executives noted that the company’s performance was strong considered that last year’s first quarter was marked by a rebound in activity following the COVID pandemic. “The good start to the year that we just recorded allows us to look forward to 2023 with confidence, while remaining vigilant about the macro-economic and geopolitical environment,” they said.
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