In a press release published on September 20, Vivendi, which announced in December 2023 its intention to reorganize its activities, details the new configuration of the CANAL+ Group.
GVA, better known in Africa under the Canalbox brand, Dailymotion, L’Olympia and the Théâtre de L’Œuvre in France, and the CanalOlympia movie theaters in Africa will join the existing activities of the CANAL+ group, and the Canal+ Group will have three business segments:
CANAL+ EUROPE – comprising the Group's subscription pay-TV activities (including OTT) and free-to-air advertising-supported television in France, French overseas territories and adjacent territories, Poland, Central Europe and Benelux (through its wholly-owned subsidiary M7), as well as telecommunications services in French overseas territories;
CANAL+ AFRICA AND ASIA – comprising subscription pay-TV and free-to-air advertising-funded television activities, GVA, CanalOlympia theaters across French-speaking sub-Saharan Africa, as well as subscription pay-TV activities in Vietnam, Myanmar, and the Pacific;
CONTENT PRODUCTION, DISTRIBUTION, AND OTHER – including Studiocanal, Dailymotion, Théma, as well as L’Olympia and the Théâtre de l’Œuvre.
It should be noted that Canal+ Group also holds a 45.2% stake in MultiChoice with a mandatory takeover bid currently underway, a 36.8% stake in the OTT platform Viu, and a 29.33% stake in Viaplay.
In this new configuration, Canal+ Group will become a unique international media group, active in both mature and fast-growing markets. As of December 31, 2023, this new entity would have generated €6.2 billion in revenue, €472 million in adjusted operating income (EBITA) and €315 million in net operating cash flow (CFFO).
Its total number of subscribers is estimated to have reached approximately 26.8 million on the same date, including 16.0 million outside France (representing approximately 60% of its subscriber base). With Dailymotion and the OTT platform myCanal, Canal+ Group is estimated to have a global audience of more than 400 million monthly active users.
In recent years, Canal+ Group has made significant investments in technology, spending around €1 billion per year (particularly in its broadcasting and streaming infrastructure, software development, customer relationship management, etc.) in order to offer a unique, cutting-edge customer experience on its myCanal and Dailymotion platforms.