Going to Slide 20, with the operating cash flow generation, in H1 2020, Vivendi’s CFFO increase of more than €300 million, mainly thanks to the performance of Canal+ Group which benefited from the postponed amount of content investments, notably at Studiocanal, linked to the pandemic. Puyfontaine joined Le Figaro in order to develop relations between the newspaper and the Grandes écoles. Vivendi SA was founded in 1853 and is headquartered in Paris, France. But it’d be interesting just to try to update on the process in terms of what is the M&A criteria, particularly after the lag of their investment? The final piece of the puzzle: let’s apply UMG’s forecast EBITA profit margin for 2017 (13.3%) and see where we come out in Goldman Land, 2030. Arnaud de Puyfontaine - Chairman and Chief Executive Officer.
Let’s move to the next slide to have a more in-depth look to the breakdown of this cash flow. With a broad array of services, its adaptable and flexible platform has been built, in conjunction with leading music partners, to provide seamless integration and meet rapidly evolving industry requirements. Net Worth Meanwhile, the French subscriber base stabilized, as we will see in the next slide. Moving to our balance sheet on Slide 14, in short, our balance sheet is in very good shape. That’s the first question.
Being well-established in many entertainment segments and in many countries makes it possible to offset difficulties in 1 market with a strong performance of another. I am sorry, I am sorry. Has that changed materially? The first one on, I suppose, cash usage in the second quarter. I wonder whether you could confirm that, that’s still your intention? Arnaud Nicolas de Puyfontaine Net Worth Arnaud Nicolas de Puyfontaine biography.
Arnaud Roy de Puyfontaine is a French businessperson who has been the head of 18 different companies and presently is Chairman at Antinea 6 SA and Chairman at Editis Holding SA (a subsidiary of Antinea 6 SA). So I suppose a couple of questions on the back of this, one of which is, can you just go over again what is so attractive about the Lagardère opportunity? Diana Taurasi Net Worth. I just wondered whether, Arnaud, you could just set out your – the rationale for that transaction and what you are hoping which benefits essentially you are hoping will – you will be able to generate for Vivendi shareholders as a result of the investment? The French exec (pictured) told the Morgan Stanley European Technology, Media and Telecoms conference in Barcelona that he had recently seen a valuation estimate for UMG in this region, presumably from an unnamed bank. This conference call will be hosted by Mr. Arnaud de Puyfontaine, Chairman of the Management Board and CEO; and Mr. Hervé Philippe, a member of the Management Board and CFO. New releases from the weekend, Justin Bieber, King & Prince, Eminem and Lil Baby, as well as continued sales from Billie Eilish and Post Malone, drove the digital music consumption platforms. As we said, our intention – a, we are welcoming the good results of the Warner Music Group IPO. I can maybe answer the question on Spotify and the stake we have in Spotify. Good evening thank you for your patience only two questions. Obviously, we will see what will be the future in the years, especially on the ad-funded part of the business. Learn more at www.fuga.com, appears to be an increasing appetite at Vivendi. UMG grew 16.6% organically, and Canal+ Group’s EBITA before restructuring charges also grew 16%, excluding the M7 contribution. So that’s very important to maintain what is very unique to UMG. He is a graduate of the ESCP (1988), the Multimedia Institute (1992) and Harvard Business School (2000). The labels, who take a generous cut from Spotify in the form of royalties, are getting in on the act. Yet, we have delivered a solid performance, mainly driven by Universal Music Group, UMG, thanks to its subscription-based activities, and by Canal+ Group, which achieved strong growth in its international operations.
However, the total lack of income from fresh film was partially offset by sales of films and series from the catalog. Good afternoon. So we are going to show how Vivendi is an agile company ready to bring innovation to this analyst call because for the first time since I took my job, I’m going to have the question from Adrien on mobile. He stàrted his càreer as a consultant àt Arthur Andersen ànd then in 1989 worked às a project manager àt Rhone-Poulenc Pharmà in Indonesià. Just before beginning with impacts of changes in the consolidation scope and currency fluctuation on our growth rates, let me say a few words on the impact of the COVID-19 crisis on our businesses. But we have built a position within Lagardère with a consideration that it’s a good investment.
We can note that the increasing weight of North America, which stands at 42%, bringing it closer to the level of Europe, which stands at 46%. Shaquan Roberts Net Worth. Is it the publishing assets? Gilles Alix Net Worth And no need to say that Universal Music group, under the fantastic leadership of Sir Lucian Grainge, has made a very strong reputation on being the very best company in terms of spotting talents and providing our music company with the very best of the best. He then joined back Le Figaro and managed La Solitaire du Figaro under the direction of Philippe Villin. Hervé?
So I was hoping you could split the €352 million between – or give us the amount of catalog acquisition in €352 million. With a good resilience of our revenues driven by the subscription activities of UMG’s and Canal+ Group, a 2.4% increase in EBITA and adjusted net income growing by more than 5%. It’s worth considering that recent market activity has seen Concord Music buy Imagem for around $550m – a multiple worth 10-to-12-times Imagem’s gross profit (net publisher share). Thank you very much, and hello, good evening, everyone. You can see the impact of the organic decrease in the net revenues for €123 million. [Foreign Language] My first question is on Canal+. In 1995, as a member of the founding team of the Emap group in France, he headed Télé Poche and Studio Magazine, managed the acquisition of Télé Star and Télé Star Jeux, and launched the Emap Star Division, before becoming Chief Executive Officer of Emap France in 1998. It’s Tom here from Citigroup. Maybe the first question is linked to the fact that on our slide, we see very clearly that we have returned to shareholders roughly the half of the proceeds of the first 10% of the sale of Universal Music. Well, as you know, we are not commenting on terms of the agreement, but obviously, we are very happy about having come to an agreement with Spotify. You are taking the words out of my mouth. Can you give us the impact on operating profit in the first half of the year from those two items?
The world’s two biggest record labels have achieved a sweet harmony over the market value of music. And the process is currently happening. MBW will occasionally send important promotional emails that involve strategic collaborations with industry partners. In a nutshell, let me first say that the health crisis is having a limited impact on our main activities; second, that it is still difficult to assess how it will impact the rest of the year; third, that we did not identify any indications of a decrease in the recurrable amount of our assets with a non-definite life; and four, that our balance sheet is very healthy. Like any company, we have been facing an unprecedented situation in the past few months. We consider that the level of the share price, this is a good investment for Vivendi shareholders. September 15, 2020, 2:45 pm, by As the Senior Vice President in Charge for Inter-Group coordination и Member of the Management Board of Vivendi SA, the total compensation of Gilles Alix at Vivendi SA is $803,628.
some investment banks believed the company could be worth as much as $22bn (€20bn).
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