Vivendi: Universal Music Group closes EMI Recorded Music acquisition
Paris, September 28, 2012
Vivendi: Universal Music Group closes
EMI Recorded Music acquisition
Vivendi and Universal Music Group today announced that they have completed the acquisition of EMI Recorded Music.
The combined company will benefit both the artistic community and the cultural industry. It features an incredible variety of renowned local and international labels, and a roster of stellar talent, including top-selling artists like The Beatles, Katy Perry, Lady Antebellum and The Beach Boys.
With EMI, Universal Music Group enlarges its presence in countries such as the United States, Japan and Germany, the leading international music markets. It increases its market share and develops its availability on all digital platforms, while remaining true to its vision: to invest in talent and offer consumers more music and choice.
This acquisition enables Vivendi to significantly strengthen its ownership of exclusive content.
Vivendi is at the hearts of the worlds of content, platforms and interactive networks.
Vivendi combines the world leader in video games (Activision Blizzard), the world leader in music (Universal Music Group), the French leader in alternative telecoms (SFR), the Moroccan leader in telecoms (Maroc Telecom Group), the leading alternative broadband operator in Brazil (GVT) and the French leader in pay-TV (Canal+ Group).
In 2011, Vivendi achieved revenues of €28.8 billion and adjusted net income of €2.95 billion. The Group has over 58,300 employees. www.vivendi.com