Vivendi, a leading global content, media, and communications group, held its Annual General Meeting (AGM) in Paris, where shareholders approved all 25 resolutions presented. The meeting saw a quorum of 70.15% of shareholders present or represented.
One of the key decisions made at the AGM was the renewal of Yannick Bolloré and Laurent Dassault’s terms of office as members of the Supervisory Board for an additional four-year term. Following the AGM, the board reappointed Yannick Bolloré as the Chairman of the Supervisory Board.
In addition to these appointments, the AGM also approved the distribution of an ordinary cash dividend of €0.25 per share for fiscal year 2023. Shareholders can expect the dividend payment to be made from May 3, 2024, with the ex-dividend date set for April 30, 2024.
The precise details of the votes and a video recording of the AGM can be accessed on Vivendi’s website for interested shareholders and investors.
Vivendi, since 2014, has been building a world-class content, media, and communications group. The company operates various subsidiaries that cater to different sectors, such as Canal+ Group in cinema and audiovisual content distribution, Lagardère in book publishing and travel retail, and Havas in global communications. Vivendi is also active in magazine publishing, video games, digital content distribution, internet access in Africa, and live entertainment and ticketing through its subsidiaries.
As a committed group, Vivendi aims to transform its businesses, meet public expectations, and adapt to constant changes. The company encourages diverse and inventive creative works, promotes access to culture and education, and raises awareness of 21st-century challenges and opportunities.
For more information about Vivendi and its activities, visit their official website.
In addition to the information provided in the article, here are some facts and insights about Vivendi and the current market trends in the industry:
1. Market Trends: The media and entertainment industry is undergoing significant changes due to technological advancements and shifting consumer preferences. Streaming services have gained popularity, leading to a shift away from traditional cable and satellite TV. Vivendi has recognized this trend and has been investing in digital content distribution and internet access in Africa to capitalize on the growing demand for online entertainment.
2. Acquisition of Editis: In 2019, Vivendi acquired Editis, a leading French publishing group, to strengthen its presence in the book publishing industry. This acquisition allows Vivendi to expand its portfolio of content offerings and leverage Editis’ established distribution network.
3. Universal Music Group: Vivendi’s subsidiary, Universal Music Group (UMG), is one of the world’s largest music companies. UMG has benefited from the rise in streaming services and digital music consumption. The company has made strategic partnerships with major streaming platforms, ensuring its position as a key player in the industry.
4. Key Challenges: One of the key challenges faced by Vivendi is the need to adapt to rapid technological changes. The company must continuously innovate and invest in digital platforms to stay relevant in a highly competitive market. Additionally, piracy and unauthorized distribution of content pose challenges for Vivendi as it strives to protect its intellectual property rights and ensure fair compensation for artists.
5. Controversies: Vivendi has faced criticism regarding its control of distribution channels, as some argue that it may lead to monopolistic practices that can limit competition. Additionally, concerns have been raised about the potential impact on artists’ royalties and fair compensation in the digital age.
Advantages:
– Vivendi’s diversification across various sectors of the media and entertainment industry provides a balanced portfolio that can mitigate risks associated with specific market trends.
– The company’s commitment to creativity and access to culture positions it well to cater to evolving consumer demands.
– The strong presence and success of Universal Music Group contribute to Vivendi’s overall market position.
Disadvantages:
– The rapid changes in technology and consumer preferences present challenges for Vivendi in terms of adapting its business models and staying ahead of the competition.
– The controversies and criticisms regarding control of distribution channels and fair compensation can impact Vivendi’s reputation and relationships with stakeholders.
For more details, you can visit Vivendi’s official website at link name.
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