Comment on Vivendi’s 2016 Results: Core Operating Profits Drop Due to Canal Plus Losses, Universal Music Provides Bright Spot

Vivendi’s 2016 Results: Core Operating Profits Drop Due to Canal Plus Losses, Universal Music Provides Bright Spot

PARIS — Vivendi, the media conglom helmed by French billionaire Vincent Bollore, had a tough year in 2016. Due to losses at Canal Plus’ channels in France, Vivendi’s core operating profits fell to 724 million Euros ($766 million), a 23 percent year-on drop. Its revenues, meanwhile, remained stable at $11.4 billion.

 

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