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Friday, February 19, 2016<br />
Note 3<br />
Segment data<br />
3.1 Operating segment data<br />
Vivendi Management evaluates the performance of its business segments and allocates necessary resources to them based on certain<br />
operating performance indicators (segment earnings and cash flow from operations). Income from operations and EBITA reflect the earnings<br />
of each business segment.<br />
The operating segments presented hereunder are strictly identical to the information given to Vivendi’s Management Board.<br />
Vivendi’s main businesses are aggregated within the following operating segments:<br />
<br />
<br />
<br />
<br />
<br />
Canal+ Group: publishing and distribution of premium and thematic pay-TV channels, as well as free-to-air channels in France,<br />
Poland, Africa and Vietnam, as well as production, sales and distribution of cinema films and TV series.<br />
Universal Music Group: sale of recorded music (physical and digital media), exploitation of music publishing rights, as well as<br />
artist services and merchandising.<br />
Vivendi Village: Vivendi Ticketing (with See Tickets and Digitick), MyBestPro (formerly Wengo, expert counseling), Watchever<br />
(subscription video-on-demand), L’Olympia (the Paris-based music hall), Radionomy (acquired on December 17, 2015), as well as<br />
CanalOlympia (business in the process of being developed in Africa).<br />
New Initiatives: Dailymotion (acquired on June 30, 2015, please refer to Note 2.1), Vivendi Contents’ businesses (created in<br />
February 2015, bringing together notably Flab Prod and Studio+), Boulogne Studios, as well as Group Vivendi Africa (business in the<br />
process of being developed).<br />
Corporate: central services.<br />
Intersegment commercial operations are conducted on an arm’s-length basis, on terms and conditions similar to those which would be<br />
offered by third parties.<br />
Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi /54