Vivendi Keeps Revenues Afloat in 2020 Thanks to UMG, Canal Plus Group

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In a year marked by the coronavirus pandemic, Vivendi was able to keep its revenues in 2020 stable thanks to the growth of Universal Music Group (UMG) and pay TV group Canal Plus Group, which helpe…

and pay TV group Canal Plus Group, which helped offset the slowdown in other businesses.

UMG’s shares will be listed at the stock market in Amsterdam. A shareholders’ meeting will take place on March 29 “to modify the company’s by-laws and make the principle of this distribution in kind possible and pursue this project.” UMG also had four of the Top 5 artists of the year on Spotify globally — Drake, J Balvin, Juice WRLD and The Weeknd.

 

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