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Friday, February 19, 2016
Canal+ Group's revenues amounted to €5,513 million, up 1.1% (+0.2% at constant currency and perimeter) compared to 2014.
At year-end 2015, Canal+ Group had a total of 15.7 million subscriptions, a year-on-year increase of 400,000, driven by international markets.
The total number of individual subscribers also grew to 11.2 million compared to 11 million at the end of 2014, notably driven by Africa,
where, for the first time, the number of individual subscribers exceeded 2 million at year-end 2015.
Revenues from pay-TV operations in mainland France were down 2.1% year-on-year due to fewer subscriptions. International pay-TV
revenues grew significantly (+7.2%) compared to 2014, thanks to growth in the subscriber base, in particular in Africa.
Advertising revenues from free-to-air channels, up 3.3% compared to 2014, benefited from the continuously growing audience of D8, which
is once again the leading DTT channel in France and the fifth most watched French channel with a 3.4% audience share. For the population
aged 25-49 years old, D8 is the fourth most watched French channel with a 4.3% audience share.
Studiocanal's revenues grew significantly year-on-year (+5.7%, +2.3% at constant currency), thanks to the sale of film rights for recent
box-office hits such as Paddington, Imitation Game and Shaun the Sheep, as well as the build-up of the TV series production business.
Canal+ Group’s income from operations was €542 million compared to €618 million in 2014, and EBITA was €501 million (excluding
reorganization costs) compared to €583 million in 2014. This change mainly resulted from increased investment in programs, as well as
non-recurring items.
1.3.2 Universal Music Group (UMG)
Year ended December 31,
% Change at
constant currency
a. Constant perimeter reflects the impacts of the transfer of L’Olympia from UMG to Vivendi Village as from January 1, 2015.
% Change at
constant currency
and perimeter (a)
(in millions of euros) 2015 2014 % Change
Recorded music 4,113 3,688 +11.5% +2.2% +2.4%
Physical sales 1,410 1,417 -0.5% -6.7% -6.7%
Digital sales 1,975 1,640 +20.5% +8.6% +8.6%
of which streaming and subscriptions 954 610 +56.2% +43.2% +43.2%
License and other 728 631 +15.3% +5.4% +7.1%
Music publishing 756 673 +12.4% +3.0% +3.0%
Merchandising and other 276 232 +19.1% +3.5% +3.5%
Elimination of intersegment transactions (37) (36)
Total Revenues 5,108 4,557 +12.1% +2.5% +2.7%
Income from operations 626 606 +3.2% -0.9% -0.6%
Income from operations' margin 12.3% 13.3% -1.0 pt -0.4 pt
Charges related to equity-settled share-based
compensation plans (5) (2)
Special items excluded from income from operations
(including integration and restructuring costs) (28) (39)
EBITA 593 565 +5.0% +0.8% +1.0%
EBITA margin 11.6% 12.4%
Recorded music revenues by geographical area
Europe 38% 41%
North America 42% 39%
Asia 11% 11%
Rest of the world 9% 9%
100% 100%
Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi / 14