![]() ![]() “The agreement with Mediaset confirms Vivendi’s intention to build strong positions in southern Europe, a market that shares a similar Latin culture and roots,” it said. Vivendi, which already owns leading French pay TV channel Canal+ and Universal Music Group, said in a statement the move “greatly expands its presence in European pay-television” and increases its global individual subscriber base to more than 13 million. Mediaset Premium, which has the right to broadcast Champions League football matches until 2018, had 2.01 million subscribers in late December, against 1.7 million 6 months earlier.īy comparison, competitor Sky Italia has 4.7 million. The partnership will see the companies swap 3.5% stakes in a “strategic alliance” aimed at “capturing new opportunities across the international competitive landscape,” Mediaset said in a statement Friday, April 8.įrance’s Vivendi will take complete ownership of Mediaset Premium, the Italian company’s loss-making pay TV arm, acquiring Mediaset’s 89% stake and the 11% held by Spain’s Telefonica. MILAN, Italy – Vivendi will acquire Mediaset’s pay TV arm and take a stake in the Italian broadcaster as part of French tycoon Vincent Bollore’s plan to build a European media giant to rival US streaming powerhouse Netflix.
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