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Universal Music remains revenue growth driver for Vivendi in Q4, as Bollore announces board departure

Friday 15 February 2019 | 10:40 CET | News

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Vivendi reported fourth-quarter revenues of EUR 4.06 billion, up 5.6 percent year-on-year on an organic basis (+5.6% in Q3). Universal Music remained the group's best performing division with sales worth EUR 1.90 billion (+12.3%), more than offsetting a drop in Canal Plus' revenues (-3.2% to EUR 1.34 billion). In April, the group will ask shareholders to appoint Cyrille Bollore to the supervisory board to replace his father Vincent Bollore, who has decided to retreat from the front line of the business.

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Categories: Broadcast & Satellite / Internet
Companies: Canal Plus / Universal Music / Vivendi
Countries: France / World
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