Canal Plus Group, the French media conglomerate, secured revenue of $3.2 billion in the first half (H1) of 2024, up 4.6% year-on-year.
This comes with Vivendi, the media conglomerate that owns Canal Plus, looking to list it on the London Stock Exchange.
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During H1, Canal Plus increased its shareholding in Viu, the over-the-top (OTT) streaming platform owned by Hong Kong-based telecommunications group PCCW, to nearly 37%.
It also brought its shareholding in embattled Swedish broadcaster Viaplay up to 29%, thus becoming the largest shareholder.
Meanwhile, it also looks set to complete a takeover of South African broadcast group MultiChoice.
In April, it bid 35 billion South African rand ($1.9 billion) for the remaining 63.4% of MultiChoice that it does not already own, and last month the latter company’s shareholders were reportedly advised to accept that offer.
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By GlobalDataOverall, Vivendi’s H1 revenues reached €9.05 billion ($9.8 billion), representing year-on-year growth of 5.8%.
Earnings before interest, taxation, and amortization (EBITA) came to $671 million, up 39% year-on-year.
