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Canal+ Group & Studiocanal Help Drive Positive 2023 Vivendi Results Amid Questions Over Split Project

A hike in subscribers for French pay-TV giant Canal+ Group as well as a successful year at the box office in France for Studiocanal helped drive positive 2023 results for parent company Vivendi, which were released Thursday evening after the close of the local stock exchange. Despite the positive results, the Vivendi share price was traded lower in Paris on Friday morning, with analysts citing the lack of an update on plans to split the group into separate entities, first announced last December, as a factor weighing on the title. “If it goes ahead, this project would create value for all the Group’s stakeholders and would enable the creation of independent pure players with the necessary human resources and financial agility, capable of driving their own growth trajectory in an international context marked by numerous investment opportunities,” he added.

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