Vivendi offloads Ubisoft stake as Tencent lands

European media giant Vivendi has sold off its stakeholding in Assassin’s Creed games studio Ubisoft for nearly US$2.5 billion, with Chinese tech monolith Tencent among the new shareholders. The deal sees Vivendi selling all 30.5 million of its shares – 27.3% of the entire business – for €2 billion (US$2.45 billion) to various investors. These […]

Mashable agrees content deal with Endemol Shine

Digital media news site Mashable has signed a content deal with Endemol Shine Beyond USA to distribute five digital series online. Endemol Shine Beyond’s US arm will produce the five series – covering the topics of eSports, technology and science – which Mashable will run on its website, social and YouTube channels. Endemol Shine Beyond […]

Vivendi says Europe must back its own platforms

Europe is lagging the US and Asia in terms of next-generation distribution platforms for content, and risks losing out in terms of relevance and diversity, according to Vivendi content chief Dominique Delport. Giving a keynote address here at MIPTV, Delport told delegates: “Cannes, we have a problem.” He went on to describe how the world’s […]

Canal+ boss becomes Dailymotion president

Vivendi has appointed Canal+ chief Maxime Saada to take over the presidency of video-sharing and aggregation site Dailymotion from Cédric Tournay, who is leaving the group. Saada, who is already vice-president of Dailymotion, will combine his new role with his existing position as CEO of Canal+. He will focus on developing further synergies between Dailymotion, […]

Vivendi buys €217m Dailymotion stake

Vivendi has acquired an 80% stake in French video site Dailymotion for €217 million (US$241 million). Vivendi said that its acquisition of majority control of Dailymotion would enable the latter to accelerate its growth progamme and international expansion as well as giving it access to music and audiovisual content from Vivendi’s other subsidiaries, Universal Music […]

Ex-Dailymotion exec joins Condé Nast

Former Dailymotion US general manager Joy Marcus has joined the video content arm of magazine publisher Condé Nast. Marcus joins Condé Nast Entertainment as GM and executive VP, joining former CW president Dawn Ostroff, who runs the emerging content group. Marcus is best known for launching VOD service Dailymotion’s North American business, but was most […]

More details on Dailymotion sale emerge

Vivendi is in exclusive talks with Orange about buying an 80% stake in French video site Dailymotion for €217 million (US$235.7 million), the firms confirmed today. Under the terms of the negotiations, Orange will retain a 20% stake in Dailymotion, which will take on an enterprise value of €265 million. Vivendi said the deal represents […]

Vivendi confirms Dailymotion bid

Vivendi has confirmed that it has made an offer for Orange-owned video site Dailymotion, as Hong Kong-based telecoms company PCCW ruled itself out of the running. In a one-line statement issued today, French media giant Vivendi said it had “submitted an offer to Orange regarding Dailymotion”, following press reports that it has made an offer […]

YouTube, Vice, Maker and more for MIP Digital Fronts

Digital platforms and content companies including YouTube, Vice, and Maker Studios will be in Cannes for the MIP Digital Fronts. They will be joined by Dailymotion, AwesomenessTV, Collective Digital Studio, Machinima, New Form Digital, Screen Australia, and Vox Media at the second version of the event, which sees digital specialists showcase their wares. Screenings will […]

Orange ‘to offload’ Dailymotion stake

Orange is set to enter into exclusive talks with Hong Kong-based telco PCCW to sell a 49% stake in Dailymotion, its online video portal, according to a Wall Street Journal report. Citing unnamed sources familiar with the matter, the WSJ reported that Orange has told its board that will begin exclusive negotiations with PCCW in […]

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