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Encyclopedia > Vivendi

Vivendi SA
Type Public (Euronext: VIV)
Founded 3 way merger between Vivendi, Canal+ and Seagram (2000)
Headquarters Paris, France Flag of France
Key people Jean-Bernard Lévy, Chairman & CEO
Jacques Espinasse, CFO
Industry Media
Products Music, film, publishing, pay TV services, programming
Revenue €20.044 billion (2006)
Net income €4.033 Billion (2006)
Employees 34,031 (2005)
Subsidiaries Canal+ Group
Universal Music Group
Vivendi Games
NBC Universal (20%)
Maroc Telecom
Neuf Cegetel (35%)
SFR
Website www.vivendi.com

Vivendi SA (formerly known as Vivendi Universal) is a French media conglomerate with activities in music, television and film, publishing, telecommunications, the Internet as well as video games. Image File history File links Vivendi. ... This article does not cite any references or sources. ... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... Canal+ (Canal Plus, meaning Channel Plus/More in French) is a French premium pay television channel launched in 1984. ... The Seagram Company Ltd. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Image File history File links This is a lossless scalable vector image. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... “Chief executive” redirects here. ... “CFO” redirects here. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... Image File history File links No higher resolution available. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article is about work. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... A subsidiary, in business, is an entity that is controlled by another entity. ... Canal Plus Group (Canal+) is a French film and television studio and distributor. ... Universal Music Group (UMG) is the largest business group and family of record labels in the recording industry. ... Vivendi Games (formerly known as Vivendi Universal Games) is a global developer, publisher and distributor of interactive entertainment. ... NBC Universal is a media and entertainment conglomerate formed in May 2004 by the combination of General Electrics NBC with Vivendi Universal Entertainment, part of Vivendi Universal. ... Maroc Telecom (Arabic: ; Ittisalat Al Maghrib; Acronym: IAM) is the main telecommunication company in Morocco. ... Neuf Cegetel is a French telecommunication group founded on 11 May 2005 from Cegetel and Neuf Telecom merging. ... SFR (originally Société Française de Radiotéléphonie, no longer expanded) is a French mobile phone company. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Conglomerate is the term used to describe a large company which consists of divisions of often seemingly unrelated businesses. ... For other uses, see Music (disambiguation). ... This article is about motion pictures. ... “Publisher” redirects here. ... Copy of the original phone of Alexander Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the assisted transmission of signals over a distance for the purpose of communication. ... Computer and video games redirects here. ...


Messier's rapid expansion of the firm, during which he overpaid hugely for media assets, saddling the company with debt far in excess of its market valuation and ultimately bringing it to the brink of collapse, has become a study in the triumph of personal ambition over business sense[citation needed].

Contents

History

On December 14, 1853, a water company named Compagnie Générale des Eaux (CGE) was created by an Imperial decree of Napoleon III. In 1854, CGE obtained a concession in order to supply water to the public in Lyon, serving in this capacity for over a hundred years. In 1861, it obtained a 50-year concession with the City of Paris. is the 348th day of the year (349th in leap years) in the Gregorian calendar. ... 1853 was a common year starting on Saturday (see link for calendar). ... This article is about the President of the French Republic and Emperor of the French. ... 1854 (MDCCCLIV) was a common year starting on Sunday (see link for calendar). ... This article is about the French city. ... Year 1861 (MDCCCLXI) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Sunday of the 12-day slower Julian calendar). ... This article is about the capital of France. ...


For more than a century, Compagnie Générale des Eaux remained largely focused on the water sector. However, following the appointment of Guy Dejouany as CEO in 1976, CGE extended its activities into other sectors with a series of takeovers. Beginning in 1980, CGE began diversifying its operations from water into waste management, energy, transport services, and construction and property. It acquired the Compagnie Générale d'Entreprises Automobiles (CGEA), specialized in industrial vehicles, which was later divided into two branches: Connex and Onyx Environnement. CGE then acquired the Compagnie Générale de Chauffe, and later the Montenay group. The Energy Services division these companies became part of, was later (1998) renamed Dalkia. Guy Dejouany was the CEO of Societe Generale des Eaux, (later to become Vivendi) 1976-1995. ... “Chief executive” redirects here. ... Year 1980 (MCMLXXX) was a leap year starting on Tuesday (link displays the 1980 Gregorian calendar). ... Wikimedia Commons has media related to: Waste For the company, see Waste Management, Inc. ... For other uses, see Construction (disambiguation). ... This article or section does not cite any references or sources. ... Connex may refer to: a brand name used by Veolia Transport a ficticious energy company in the film Syriana an earlier name of Vodafone Romania a private operator of the suburban railway system in Melbourne, Victoria, Australia Connex Melbourne Category: ... Dalkia, a kingdom in the game Soul Calibur III. Dalkia, a corporate group associated with Vivendi and Veolia Environnement. ...


In 1983, CGE helped to found Canal+, the first Pay-TV channel in France, and in the 1990s, they began expanding into telecommunications and mass media, especially after Jean-Marie Messier succeeded Guy Dejouany on June 27, 1996. In 1996, CGE created Cegetel to take advantage of the 1998 deregulation of the French telecommunications market, accelerating the move into the media sector which would culminate in the 2000 demerger into Vivendi Universal and Vivendi Environnement (Veolia). Year 1983 (MCMLXXXIII) was a common year starting on Saturday (link displays the 1983 Gregorian calendar). ... The title of this article is incorrect due to technical limitations. ... For the band, see 1990s (band). ... Copy of the original phone of Alexander Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the assisted transmission of signals over a distance for the purpose of communication. ... Popular press redirects here; note that the University of Wisconsin Press publishes under the imprint The Popular Press. Mass media is a term used to denote a section of the media specifically envisioned and designed to reach a very large audience such as the population of a nation state. ... Jean-Marie Messier (born December 13, 1957) is a French businessman known for his flamboyance. ... is the 178th day of the year (179th in leap years) in the Gregorian calendar. ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... Veolia Environnement SA (formerly Vivendi Environnement) is a leading French-based multinational with activities in four main areas - water, waste management, energy and transport services. ...


In 1998, Compagnie Générale des Eaux changed its name to Vivendi, and sold off its property and construction divisions the following year. Vivendi went on to acquire stakes in or merge with Maroc Telecom, Havas, Cendant Software, Anaya, and NetHold, a large Continental European pay-TV operator. Beginning in 1998, Vivendi launched digital channels in Italy, Spain, Poland, Scandinavia, Belgium, and the Netherlands. Maroc Telecom (Arabic: ; Ittisalat Al Maghrib; Acronym: IAM) is the main telecommunication company in Morocco. ... Havas was the first French news agency, created in 1835 by Charles-Louis Havas. ... Cendant Corporation (NYSE: CD) is a New York-based provider of business and consumer services, primarily within the real estate and travel sectors. ... Anaya is a municipality located in the province of Segovia, Castile and León, Spain. ... For other uses, see Scandinavia (disambiguation). ...


In June of 1999, Vivendi merged with Pathé, the exchange ratio for the merger fixed at three Vivendi shares for every two Pathé shares. The Wall Street Journal estimated the value of the deal at US$2.59 billion. Following the completion of the merger, Vivendi retained Pathé's interests in British Sky Broadcasting Group PLC and CanalSatellite, a French broadcasting corporation then sold all remaining assets to Jérôme Seydoux's family-owned holding company, Fornier SA who changed its name to Pathé. This article is about the year. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... Pathé or Pathé Frères is the name of various businesses founded and originally run by the Pathé Brothers of France. ... The Wall Street Journal (WSJ) is an international daily newspaper published by Dow Jones & Company in New York City, New York, USA, with Asian and European editions, and a worldwide daily circulation of more than 2 million as of 2006, with 931,000 paying online subscribers. ... British Sky Broadcasting (BSkyB - formerly two companies, Sky Television and British Satellite Broadcasting) is a company that operates Sky Digital, the most popular subscription television service in the UK and Ireland. ...


In July 2000, Vivendi spun off its water and waste companies - once its core business - along with interests in other public service sectors such as transport into Vivendi Environnement (IPO in Paris in July 2000 and in New York in October 2001), later (2003) renamed Veolia Environnement. Wikipedia does not yet have an article with this exact name. ... Veolia Environnement SA is a leading French-based company with activities in four main areas - water, waste management, energy and transport services. ...


Vivendi Universal Entertainment was created in December of 2000 with the merger of the Vivendi media empire with Canal+ television networks and the acquisition of Universal Studios from Canadian company Seagram. Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... The title of this article is incorrect due to technical limitations. ... This article is about the American media conglomerate. ... The Seagram Company Ltd. ...


Vivendi in its current form came into existence on April 20, 2006 following the sale of an 80% stake in the Vivendi Universal Entertainment unit to form NBC Universal and the gradual recovery of the company from its disastrous over-expansion in the late 1990s and the early 2000s. is the 110th day of the year (111th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... NBC Universal is a media and entertainment conglomerate formed in May 2004 by the combination of General Electrics NBC with Vivendi Universal Entertainment, part of Vivendi Universal. ...


Money and Politics

Vivendi disclosed a corporate loss of €23.3 billion in its 2002 annual report; the worst loss to date for a French company. Amid intense media scrutiny, its chairman and CEO, Jean-Marie Messier (who had overseen the most dramatic phase of the company's diversification), was subsequently replaced by Jean-René Fourtou. Also see: 2002 (number). ... The phrase Chairman of the Board has several meanings: Chairman of the Board is the term used to denote the leader of a corporations board of directors. ... “Chief executive” redirects here. ... Jean-Marie Messier (born December 13, 1957) is a French businessman known for his flamboyance. ...


Vivendi is a Fortune 500 company ranked #91, with a total revenue in the year 2000 of 38.6 billion USD. [1] However, its massive expansion in the late 90s and early 21st century has caused the company both financial and legal trouble. The problems arose during the term of former CEO, Jean-Marie Messier; both US and French regulators are investigating potential cover-ups of company losses [2]. Vivendi is also an example of privatization of a public service, the distribution of water and wastewater.


2001

MP3. ... Houghton Mifflin Company is a leading educational publisher in the United States. ...

2002

  • VU began facing financial trouble. It responded with financial reshuffling, trying to shore up media holdings while selling off shares in its spin-off companies.
  • Reduced its stake in Vivendi Environnement to 40% and sold its stake in Vinci Construction.
  • The flamboyant company's Chairman and CEO, Jean-Marie Messier (who had overseen the most dramatic phase of Vivendi's diversification) resigned. He was replaced by Jean-Rene Fourtou. The company then began reorganizing to stave off bankruptcy. The company announced its strategy to sell non-strategic assets. Its largest single shareholder was the family of Edgar Bronfman, Jr., who was head of Seagram at the time of the merger.
  • Sold its stake in Vizzavi to Vodafone, with the exception of Vizzavi France. It also sold 20.4% of Vivendi Environnement's capital to a group of investors, and its stake in North American satellite operator EchoStar Communications Corporation.
  • VU sells Houghton Mifflin to Thomas H Lee, Blackstone and Bain consortium for US$1.66bn. [3]

A spin-off (or spinoff) is a new organization or entity formed by a split from a larger one such as a new company formed from a university research group. ... Veolia Environnement SA (formerly Vivendi Environnement) is a leading French-based multinational with activities in four main areas - water, waste management, energy and transport services. ... Vinci Construction is a French construction company, formerly called Société Générale dEnterprises. ... The phrase Chairman of the Board has several meanings: Chairman of the Board is the term used to denote the leader of a corporations board of directors. ... “Chief executive” redirects here. ... Jean-Marie Messier (born December 13, 1957) is a French businessman known for his flamboyance. ... Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared bankruptcy (strictly, put into administration—see text) in the United Kingdom. ... Edgar Miles Bronfman, Jr. ... Vodafone live!â„¢ is the brand name for the multimedia portal service of mobile phone operator Vodafone, which was initially developed by Japans J-Phone under the J-Sky brand. ... Vodafone Group Plc is a mobile network operator headquartered in Newbury, Berkshire, England, UK. It is the largest mobile telecommunications network company in the world by turnover and has a market value of about £84. ... EchoStar Communications Corporation (NASDAQ: DISH) is the parent company of DISH Network and the maintainer of the satellite fleet that provides the signal that DISH Network markets. ... Blackstone Group L.P. (NYSE: BX) is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. ... Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the late Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. ...

2003

  • Sold Canal+ Technologies to Thomson (formerly Thomson Multimédia); Tele+ to News Corporation and Telecom Italia. It also sold its 26.3% interest in Xfera.
  • On March 6, Vivendi disclosed its annual report (term ended at December 31,2002), that is downloadable in pdf format on its site. Some highlights include:
    • Corporate loss of €23.3 billion: the worst loss for a French company.
    • Net debt of €12.3 billion
    • Vivendi will sell assets for 7 billons euros in 2003
  • On December 1, 2003, Vivendi closed a deal to sell MP3.com to CNET.
  • Defying predictions that it would be unable to raise the cash needed, VU bought out one of the two minority shareholders in Cegetel, taking its holding to 60 percent, with Vodafone holding the remaining 40 percent. Management viewed the mobile communications firm as a core asset once the bulk of media assets had been sold off.

This article is about the media and entertainment company. ... 1211 Avenue of the Americas (Sixth Avenue), where News Corporation is based News Corporation (abbreviated to News Corp) (NYSE: NWS, NYSE: NWSa, ASX: , LSE: NCRA) is an American media conglomerate company and the third worlds largest. ... Telecom Italia is formerly a partially state-owned Italian telco. ... Xfera is the name of the future fourth mobile operator of Spain. ... is the 65th day of the year (66th in leap years) in the Gregorian calendar. ... “PDF” redirects here. ... is the 335th day of the year (336th in leap years) in the Gregorian calendar. ... MP3. ... CNET Networks, Inc. ...

2004

  • 80 percent of the Vivendi Universal Entertainment branch was sold to GE, forming NBC Universal, with VU retaining a 20 percent stake.
  • Sold its interests in Kencell (re-branded Celtel, Kenya), Monaco Telecom and Sportfive (which it held through Canal+ Group).
  • Sold Newsworld International to the business partnership of Joel Hyatt and former Vice-President of the United States Al Gore
  • VU and Valve Software (makers of Half-Life) went head to head over the distribution of Half-Life 2 to cyber cafés, they later came to an agreement stating:
    • The authority of distributing cyber café licenses were to be handed over to Valve from VUG (and Sierra), and licenses granted by VUG and Sierra to cyber cafés prior to the agreement were revoked.
    • VUG would cease distributing all retail packaged versions of Valve games by August 31, 2005.
  • VU bought the rights to the game Redneck Rampage after Interplay's corporate shutdown.

“GE” redirects here. ... NBC Universal is a media and entertainment conglomerate formed in May 2004 by the combination of General Electrics NBC with Vivendi Universal Entertainment, part of Vivendi Universal. ... Newsworld International (NWI) was a cable TV news channel broadcasting in the United States, whose content contained a mix of CBC and other international newscasts. ... Joel Z. Hyatt is a prominent attorney and American politician of the Democratic party. ... The Vice President of the United States is the second-highest executive official of the United States government, the person who is, in the words of Adlai Stevenson, a heartbeat from the presidency. ... This article is about the former Vice President of the United States. ... Valve Software is a Bellevue, Washington-based video game developer made famous by its first product, Half-Life, which was released in November 1998. ... Half-Life For a quantity subject to exponential decay, the half-life is the time required for the quantity to fall to half of its initial value. ... Half-Life 2 (commonly abbreviated to HL2) is a science fiction first-person shooter computer game that is the sequel to Half-Life. ... It has been suggested that PC bang be merged into this article or section. ... Redneck Rampage is a 1997 first-person shooter game designed by Xatrix Entertainment and published by Interplay. ... Interplay redirects here. ...

2005

  • December 16: it was announced that Canal Plus would merge with TPS, France's second largest Pay-TV provider. If the €5 billion (US$5.9bn; £3.4bn) tie-up is approved, VU will own 85% of the combined entity.

is the 350th day of the year (351st in leap years) in the Gregorian calendar. ... The title of this article is incorrect due to technical limitations. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...

2006

  • April 20: Vivendi announced that shareholders approved a name change. It dropped the "Universal" from its name and will now be known simply as "Vivendi". A new corporate logo was simultaneously unveiled.
  • September: Vivendi has announced to buy BMG Music Publishing, the daughter company of German media conglomerate Bertelsmann for €1.63 billion (US$2.1bn).

is the 17th day of the year in the Gregorian calendar. ... An American Depositary Receipt (ADR) is how the stock of most foreign companies trades in United States stock markets. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... SpiralFrog is a music download service based in New York that is in previews in Canada and the United States[1] and is expected to fully launch in the United States by the end of 2007. ... is the 251st day of the year (252nd in leap years) in the Gregorian calendar. ... This article does not cite any references or sources. ... Vivendi Games (formerly known as Vivendi Universal Games) is a global developer, publisher and distributor of interactive entertainment. ... Double Fine Productions is a computer game developer founded in July of 2000 by Tim Schafer after his departure from LucasArts. ... This article for the video game; for other uses, see Psychonaut (disambiguation). ... For other uses, see September (disambiguation). ... BMG (Bertelsmann Music Group) is one of the six divisions of Bertelsmann. ... Bertelsmann AG is a transnational media corporation founded in 1835, based in Gütersloh, Germany. ...

2008

A stilt-walker entertaining shoppers at a shopping centre in Swindon, England Entertainment is an event, performance, or activity designed to give pleasure or relaxation to an audience (although, for example, in the case of a computer game the audience may be only one person). ... A screenshot of a web page. ... HRC logo The Human Rights Campaign (HRC) is one of the largest lesbian, gay, bisexual, and transgender (LGBT) equal rights organization in the United States. ... The Corporate Equality Index is a report published by the Human Rights Campaign Foundation as a tool to rate American businesses on their treatment of gay, lesbian, bisexual and transgender employees, consumers and investors. ... GAY can mean: Gay, a term referring to homosexual men or women The IATA code for Gaya Airport Category: ... This article is about same-sex desire and sexuality among women. ...

Current assets

This is a list of assets owned by Vivendi Universal. ...

See also

This is a list of companies from France. ...

External links


  Results from FactBites:
 
Vivendi Universal - Wikipedia, the free encyclopedia (595 words)
Vivendi Universal (VU) is a French company active in media and communications with activities in music, television and film, publishing, telecommunications and the Internet.
Vivendi Universal was created in December of 2000 with the massive merger of the Vivendi media empire with Canal+ television networks and the Canadian company Seagram, the owner of Universal Studios film company.
VU reduced its stake in Vivendi Environnement to 40% and sold its stake in Vinci Construction.
TheStreet.com: The High Stakes of a Possible Vivendi-Seagram Merger (1012 words)
Vivendi is already a highly leveraged company with net debt of around 18.5 billion euros.
Last week, Vivendi issued a convertible bond backed by part of its BSkyB stake to fund the purchase of a third-generation mobile-phone license in France, which along with the cost of infrastructure, could total up to 10 billion euros, according to some analyst estimates.
One of the few criticisms of the executive is that even as he has had the foresight to focus Vivendi on emerging areas of growth, he is reticent to let go of older businesses that are less relevant.
  More results at FactBites »

 

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