Vivendi Unveils New Corporate Structure For Canal+ Group

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Some Vivendi-owned assets, whose operations are closely aligned with those of Canal+, are currently in the process of being transferred to the latter for the sake of consistency.

Canal+ will consolidate together with its current business GVA, which provides telecommunication services in Africa, including high-speed Internet access marketed under the brand Canalbox; the video streaming platform Dailymotion; the performance venues L’Olympia and the L’Œuvre theater in France as well as the cinema theaters CanalOlympia in Africa.

In this new configuration, Canal+ Group will represent a unique international media operation with exposure to both mature and high-growth markets. It would have recorded €6.2 billion in revenues,

€472 million in Adjusted Earnings Before Interest and Income Taxes (EBITA) and €315 million in Cash Flow From Operations (CFFO) for the year ended December 31, 2023.

Its total number of subscribers would amount to approximately 26.8 million at such date, of which 16.0 million outside of France (c. 60%). Between Dailymotion and the OTT platform myCanal, Canal+ Group would record a global audience of over 400 million monthly active users.

In recent years, Canal+ Group has made significant expenditure and investments amounting to approximately €1 billion annually in technology (including its broadcasting and streaming infrastructure, software development, CRM, etc.) to provide a highly distinctive and industry-leading customer experience on the myCanal and Dailymotion platforms.

The attached appendix sets out key figures of the new consolidation perimeter of Canal+.

Canal+ Group will have three operating segments:

• Canal+ Europe – encompassing the Group’s subscription-TV (including OTT) and advertising-supported free-to-air (FTA) TV businesses across France, the French Overseas and adjacent territories, Poland, Central Europe and Benelux (through its wholly-owned subsidiary M7) as well as telecommunication services in the French Overseas territories;

• Canal+ Africa & Asia – encompassing the Group’s subscription-TV and advertising-supported FTA TV businesses, GVA and CanalOlympia venues across French-speaking Sub-Saharan Africa as well as subscription-TV business in Vietnam, Myanmar and Pacific territories;

• Content Production, Distribution and Other – encompassing Studiocanal, Dailymotion, Thema1 as well as L’Olympia and the L’Œuvre theater.

Canal+ Group also holds a non-controlling 45.2% stake in MultiChoice with an ongoing mandatory takeover offer, a 36.8% stake in the OTT platform Viu and a 29.33% stake in Viaplay.