Vivendi reserves the right to take any appropriate legal action after the AGCom decision
April 18 2017 - 5:32PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) is surprised by the decision taken today by
the Italian Communication Authority (AGCom).
Vivendi has always operated within Italian law, and
specifically the Gasparri Law regarding the protection of media
pluralism from the creation of dominant positions. In
particular, it is undisputable that Vivendi neither controls nor
exercises a dominant influence on Mediaset which is controlled on
an exclusive basis by Fininvest with a stake close to 40%.
Vivendi reserves the right to take any appropriate legal action
to protect its interests, including filing an appeal to the AGCom
decision at the Regional Administrative Court (TAR) and to submit a
formal complaint to the European Commission for the breach of EU
law.
Vivendi continues to be fully confident in the rule of law and
is certain that finally its rights will be recognized.
About Vivendi
Vivendi is an integrated media and content group. The company
operates businesses throughout the media value chain, from talent
discovery to the creation, production and distribution of content.
Universal Music Group is engaged in recorded music, music
publishing and merchandising. It owns more than 50 labels covering
all genres. Canal+ Group is engaged in pay-TV in France, as well as
in Africa, Poland and Vietnam. Its subsidiary Studiocanal is a
leading European player in production, sales and distribution of
movies and TV series. Gameloft is a worldwide leader in mobile
games, with 2 million games downloaded per day. Vivendi Village,
groups together Vivendi Ticketing (in the United Kingdom, the
United States and France), MyBestPro (expert counseling), Watchever
(subscription streaming services), Radionomy (digital radio), the
venues L’Olympia and Theâtre de L‘Œuvre in Paris, and CanalOlympia
in Africa, as well as Olympia Production. With 3 billion
videos viewed each month, Dailymotion is one of the biggest video
content aggregation and distribution platforms in the world.
www.vivendi.com, www.cultureswithvivendi.com
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