Canal+ revenues up


French pay-TV group Canal+ saw a 3.3% year-on-year rise in revenue for the first half of 2012 as parent Vivendi prepares a review of its media and telecoms business.

Canal+ increased revenue from €2.39bn (US$3bn) to €2.47bn for the first six months of this year.

In particular, Canal+ France, which includes its pay-TV business in mainland France, overseas French territories and Africa, saw revenue up 2.3% to €2.06bn, driven by rising subscriptions and higher advertising income. This was also in spite of a €20m rise in VAT.

Canal+ France increased subscriptions by almost 350,000 compared to the end of June 2011, with 140,000 new customers in Africa.

The acquisition of the Direct 8 and Direct Star DTT channels in France and a proposed partnership with Poland’s ITI/TVN in free- and pay-TV are currently under review by local regulators.

Canal+ Group is one part of Vivendi, which also owns computer game developer Activision Blizzard and Universal Music Group, among other interests.

The conglomerate saw its overall revenues drop 1.2% to €14.1bn year-on-year, with adjusted net income down 16.6% to €1.5bn.

Vivendi’s financial results come days after the group signaled a review of its media and content operations, which will be led by Canal+ chairman Bertrand Méheut.

This led to suggestions the company could be split after it also ordered a review of its telecoms arm.

But Vivendi CEO Jean-François Dubos today gave nothing away about the future of the company.

“All our businesses are focused on developing solid commercial performances and on continuously adapting their cost base,” he said. “We will continue to work … on Vivendi’s strategic development. We will communicate on the group’s necessary evolution as and when appropriate.”