French Company Holds Nbc's Fate In Its Hands

Vivendi, the French water-company-turned-media-conglomerate, may control the fate of NBC Universal, the New York Times reported today (Monday), noting that a little-known clause in its contract with GE gives it veto power on any change in control of the company. It has been widely reported that GE, which bought 80 percent of Vivendi's holdings in NBC Universal in 2004, wants to sell the studio and TV company to cable provider Comcast. But Vivendi, which retained 20 percent of its ownership in NBC Universal (and 100 percent of its ownership in Universal Music Group), has a window in November each year in which it can opt to sell its passive stake to GE. The Times pointed out that although Vivendi has no particular reason currently to sell, forecasts for media companies in general have been cloudy; moreover, the dollar continues to weaken against the euro, thereby depressing whatever earnings it does accrue from its U.S. holdings. Claudio Aspesi, senior media analyst for Sanford C. Bernstein & Co. in London, told the Times "This might not be a bad time to sell." Meanwhile, Daily Variety reported today (Monday) that Universal Music's Vivendi Entertainment unit is "looking to tap into the faith-based market" by acquiring North American theatrical distribution rights to the feature Letters to God from Possibility Pictures. Vivendi Entertainment, the trade publication noted, plans to release its first film, New York, I Love You, on Friday. The report suggests that Vivendi could very well use any proceeds from the sale of its NBC Universal sale to expand its own presence in the movie business via Universal Music.



Tags: NBC - Universal Music


More Nbc

Bad: NBC Cancels 'Emerald City', Worse: Production Hadn't Even Started

You've really got to feel sorry for the production team that probably thought they had decent jobs in the pipeline after NBC announced plans for...

Allegations of sexual harassment at Comic-Con

A group of young women from Philadelphia that founded a website titled ‘Geeks for CONsent’ has gathered nearly 2,600 signatures from attendees at Comic-Con this...

Matt Lauer's 'Today' Show Contract Extended By NBC

Matt Lauer's contract with NBC's Today show has been extended, laying rumours to rest surrounding his dismissal. The network received a number of complaints after...

Bode Miller Interview Was Rough, But Go Easy on Christin Cooper

The internet exploded into a ball of molten indignation on Sunday night (February 16, 2014) after NBC interviewer Christin Cooper pushed skier Bode Miller so...


Former NBC News Anchor Tom Brokaw Diagnosed With Bone Cancer

Former longtime NBC news anchor Tom Brokaw is unfortunately suffering from a form of bone marrow cancer.Last summer, the 74 year-old was diagnosed with multiple...

Michael J. Fox's Sitcom is Cancelled Due To Poor Ratings

Michael J. Fox’s foray into the world of sitcom is looking like a short-lived affair. NBC confirmed last night (Feb 5) that the show –...

NBC To Follow 'Sound Of Music' Success With Live Performance Of 'Peter Pan'

NBC will hope to emulate the success they had over the 2013 seasonal period when they aired a live performance of The Sound of Music...

NBC Expects 'Parks & Recreation' Renewal, With Other Shows Still In Limbo

NBC have teased at what shows they are due to renew and which they are likely to drop from their schedules at the TCA press...



NBC Newsletter

Subscribe to this news alert service to receive news and reviews on NBC

Unsubscribe | Unsubscribe All