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Vivendi posts 7% organic revenue growth in Q3, advances talks on Universal Music stake sale

Friday 18 October 2019 | 10:52 CET | News
Vivendi reported third-quarter revenues of EUR 3.97 billion, up 7.2 percent year-on-year at constant currency and perimeter (+7.7% in Q2). Subscriptions and streaming revenues at Universal Music (UMG) continued to fuel Vivendi's growth, as the trend at Canal Plus remained broadly stable quarter-on-quarter. The group made progress in its talks with Tencent on the sale of a 10 percent stake in UMG, while confirming that other unnamed potential buyers expressed interest in acquiring another minority stake "at a similar price level".

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Categories: Broadcast & Satellite
Companies: Canal Plus / M7 Group / Universal Music / Vivendi
Countries: France / World
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