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International keeps Canal+ ahead

October 20, 2022 19.01 Europe/London By Julian Clover

International business continues to be a key driver for Canal+
The Vivendi pay-TV unit’s revenues for the first nine months were €4,292 million, a 1% increase on 2021.

Yannick Bolloré, Chairman of Vivendi’s Supervisory Board, and Arnaud de Puyfontaine, Chairman of the Management Board and CEO, said in a joint statement: “After the acquisition of M7 and SPI International, and strong growth in Africa, subscribers outside France now represent more than 60% of the group’s total customer base. In addition, in line with its internationalization strategy, Canal+ Group crossed the 25% level of ownership interest in MultiChoice in September.

Revenues from television operations in mainland France increase while the growth in the subscriber base continued.

However, Studiocanal’s revenues decreased by 30%, a reflection of an exceptional year its TV productions recorded in 2021 and the postponement of some of its new cinema releases to 2023

Canal+ Group has now moved into a new headquarter in Issy-les-Moulineaux, Paris. The Canal+ ONE complex brings together the France, International and Studiocanal teams in a single place for the first time in the company’s history.

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Filed Under: Business, Editor's Choice, Finance, Newsline, TV Edited: 24 October 2022 12:13

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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