‘Paddington’ Producer Canal+ Shares Fall in London Debut After Vivendi Four-Way Split
The Hollywood ReporterStory by Georg Szalai
scrn logline
Vivendi's media and telecom spin-off shakes up the entertainment industry, as Canal+ and its Paddington producer StudioCanal debut on the London Stock Exchange.
beat sheet
- Canal+ shares drop over 10% on debut, while Havas and Louis Hachette Group see their stocks rise, reflecting the uneven performance of the new companies.
- Vivendi's split was aimed at 'fully unleashing the development potential' of its subsidiaries, which have been weighed down by the conglomerate's 'high discount' since the Universal Music Group spinoff in 2021.
call sheet
Yannick Bolloré, Arnaud de Puyfontaine, Maxime Saada, Canal+, StudioCanal, Havas, Louis Hachette Group, Lagardère, Prisma Media, Vivendi, Universal Music Group, Paddington