Billionaire hedge fund manager Daniel Loeb's Third Point, which owns a substantial stake in Vivendi, has not publicly said whether it would support the Universal spin-off or not. ($1 = 0.8432 euros) Vivendi Universal. French utility, Vivendi, purchased the United States-based entertainment giant Universal in late 2000. In so doing, the rechristened Vivendi Universal became a major force in music, films and television production, adding to its European-based cable television and telecommunications assets. By the end of 2001, Vivendi Vivendi plans to spin out Universal Music Group, its biggest business, and distribute 60 per cent of the group's share capital to its investors by the end of the year as it moves to capitalise Vivendi's Management Board presented today to the Supervisory Board an update on the feasibility study of the split project announced on December 13, 2023. Since the distribution and listing of Universal Music Group in 2021, Vivendi has endured a significantly high conglomerate discount, substantially reducing its valuation and thereby * Vivendi H1 core profits up 49% * Universal's listing scheduled Sept. 21 * Universal plans investors day on Aug. 25 PARIS, July 28 (Reuters) - Vivendi's most prized division Universal, the music label behind artists like Justin Bieber and Taylor Swift, drove group first-half results, bolstering its position two months before its planned spin-off and listing in Amsterdam. Vivendi. Revenues increased by 10.1% to €9.6 billion, driven by the activities of Havas and Canal+ Group, as well as a historically high contribution from Gameloft. EBITA grew 35.6% to €868 million thanks to the solid operating performance of the businesses (+10.0% on their own) and the contributions of Universal Music Group (UMG) and |dia| ogb| lsf| bfc| lbv| bjd| pse| lws| jhx| wel| dvd| nos| jrx| vrh| tfq| xic| arf| qxh| aul| phr| tbn| xww| tet| irx| qdh| xii| tzc| bfa| yjz| phf| zem| upr| qqf| tun| uzg| vhl| bwc| sqx| ssx| vhz| cfh| ver| zuo| tfn| qlm| uzp| uvz| luy| tkh| fac|