Canal+ owner Vivendi is still exploring a stock split, as it today posted first quarter revenues up significantly.
France-based Vivendi posted Q1 revenues of €4.28B ($4.6B), up 5.4% on 2023’s numbers when using constant currencies and and the businesses the firm owns today. No earnings were revealed in the unaudited numbers.
Within those numbers, Canal+ saw revenues grow 4.3% year-on-year to €1.5B (+3.5% at constant currency and perimeter). International revenues were up 5.8% thanks to subscriber growth, particularly in Africa, where Canal+ has been buying up shares in MultiChoice and looks set to take over the South African giant. Mainland France TV operations revenue was up over 5%.
However, Studiocanal saw revenues decline compared with 2023, when the likes of Alibi.com 2 and John Wick 2 had significant domestic and international launches.
Other notable performances saw social video platform Dailymotion increase revenues by 24.8%, with the ‘New Initiatives’ division it is housed in posting €42M in revenues overall.
France-based Vivendi posted Q1 revenues of €4.28B ($4.6B), up 5.4% on 2023’s numbers when using constant currencies and and the businesses the firm owns today. No earnings were revealed in the unaudited numbers.
Within those numbers, Canal+ saw revenues grow 4.3% year-on-year to €1.5B (+3.5% at constant currency and perimeter). International revenues were up 5.8% thanks to subscriber growth, particularly in Africa, where Canal+ has been buying up shares in MultiChoice and looks set to take over the South African giant. Mainland France TV operations revenue was up over 5%.
However, Studiocanal saw revenues decline compared with 2023, when the likes of Alibi.com 2 and John Wick 2 had significant domestic and international launches.
Other notable performances saw social video platform Dailymotion increase revenues by 24.8%, with the ‘New Initiatives’ division it is housed in posting €42M in revenues overall.
- 4/29/2024
- by Jesse Whittock
- Deadline Film + TV
Growth at acquired publisher Lagardere, pay TV unit Canal+ Group, and advertising giant Havas helped drive first-quarter revenue at French media and telecommunications conglomerate Vivendi, which is also moving ahead with studying a possible split into four separate companies.
Vivendi posted quarterly revenue of €4.28 billion ($4.59 billion) on Monday, an increase of 5.4 percent over the year-ago period when using constant currencies and focusing on the businesses that the company owns now. The company, led by chairman Yannick Bolloré and CEO Arnaud de Puyfontaine, did not disclose its earnings before interest, taxes and amortization (Ebita) on Monday.
Management touted strong growth of its core units, which has encouraged it to consider a split of the company since late last year. “Since the distribution and listing of Universal Music Group in 2021, Vivendi has endured a significantly high conglomerate discount, substantially reducing its valuation and thereby
limiting its ability to carry out external growth transactions for its subsidiaries,...
Vivendi posted quarterly revenue of €4.28 billion ($4.59 billion) on Monday, an increase of 5.4 percent over the year-ago period when using constant currencies and focusing on the businesses that the company owns now. The company, led by chairman Yannick Bolloré and CEO Arnaud de Puyfontaine, did not disclose its earnings before interest, taxes and amortization (Ebita) on Monday.
Management touted strong growth of its core units, which has encouraged it to consider a split of the company since late last year. “Since the distribution and listing of Universal Music Group in 2021, Vivendi has endured a significantly high conglomerate discount, substantially reducing its valuation and thereby
limiting its ability to carry out external growth transactions for its subsidiaries,...
- 4/29/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
A hike in subscribers for French pay-tv giant Canal+ Group as well as a successful year at the box office in France for Studiocanal helped drive positive 2023 results for parent company Vivendi, which were released Thursday evening after the close of the local stock exchange.
The media and communications giant posted a net profit of $443M (€405M) after a loss of $1.07B (1.01B Euros) for 2022, linked to the deconsolidation of its Telecom Italia stake.
Full-year revenue rose 9.5% to $11.4B (€10.5B), against $10.1B (€9.6B) in 2022. Earnings before interest, taxes, and amortisation (Ebita) rose by 7.5% year-on-year to $1.02B (€934M), against $915M (€868M) in 2022.
Despite the positive results, the Vivendi share price was trading lower in Paris on Friday morning, with analysts citing the lack of an update on plans to split the group into separate entities, first announced last December, as a factor weighing on the title.
Vivendi Chairman Yannick Bolloré gave...
The media and communications giant posted a net profit of $443M (€405M) after a loss of $1.07B (1.01B Euros) for 2022, linked to the deconsolidation of its Telecom Italia stake.
Full-year revenue rose 9.5% to $11.4B (€10.5B), against $10.1B (€9.6B) in 2022. Earnings before interest, taxes, and amortisation (Ebita) rose by 7.5% year-on-year to $1.02B (€934M), against $915M (€868M) in 2022.
Despite the positive results, the Vivendi share price was trading lower in Paris on Friday morning, with analysts citing the lack of an update on plans to split the group into separate entities, first announced last December, as a factor weighing on the title.
Vivendi Chairman Yannick Bolloré gave...
- 3/8/2024
- by Melanie Goodfellow
- Deadline Film + TV
Vivendi, the parent company of Canal+ Group, has received the green light from the European Commission to proceed with the full acquisition of Lagardère, the French media, publishing and travel retail conglomerate. Vivendi previously held a 57.35% stake in Lagardere following a public tender offer held last year.
This European Commission has given its approval under Vivendi’s two proposed commitments, starting with the sale of 100% of the share capital of its publishing group Editis, as well as the full sale of Gala magazine. Vivendi said it expects to close both deals by the end of October. It entered into exclusive negotiations to sell Editis to a subsidiary of Czech Media Invest (Cmi) founded by Daniel Kretinsky, in March. The Paris-based banner is home to Robert Laffont, Plon and Julliard, among others.
The European Commission had raised anti-trust concerns over Vivendi’s contemplated ownership of both Hachette and Editis, leading Vivendi...
This European Commission has given its approval under Vivendi’s two proposed commitments, starting with the sale of 100% of the share capital of its publishing group Editis, as well as the full sale of Gala magazine. Vivendi said it expects to close both deals by the end of October. It entered into exclusive negotiations to sell Editis to a subsidiary of Czech Media Invest (Cmi) founded by Daniel Kretinsky, in March. The Paris-based banner is home to Robert Laffont, Plon and Julliard, among others.
The European Commission had raised anti-trust concerns over Vivendi’s contemplated ownership of both Hachette and Editis, leading Vivendi...
- 6/9/2023
- by Elsa Keslassy
- Variety Film + TV
Vivendi, the parent company of French pay TV banner Canal+ Group, has sees revenues rise by 3.3% to €2.29 billion ($2.52 billion) during the first quarter of 2023.
Vivendi attributes the growth to all its subsidiaries, in particular Studiocanal, the film and TV production and distribution company of Canal+, whose revenues went up by 13.6% compared with the first quarter of 2022 driven by the success of several films, including the comedy “Alibi.com 2” and “John Wick 4.”
Among the several high profile deals signed by the company during the first quarter, Canal+ inked an agreement with French telco Orange to acquire all shares of its pay TV package Ocs, as well as Orange Studio, the film and series co-production subsidiary.
The company’s video game banner Gameloft saw its business jump by 14%, boosted by its new game Disney Dreamlight Valley. Another popular game, Disney Speedstorm, launched this month.
Yannick Bolloré, chairman of the supervisory board of Vivendi,...
Vivendi attributes the growth to all its subsidiaries, in particular Studiocanal, the film and TV production and distribution company of Canal+, whose revenues went up by 13.6% compared with the first quarter of 2022 driven by the success of several films, including the comedy “Alibi.com 2” and “John Wick 4.”
Among the several high profile deals signed by the company during the first quarter, Canal+ inked an agreement with French telco Orange to acquire all shares of its pay TV package Ocs, as well as Orange Studio, the film and series co-production subsidiary.
The company’s video game banner Gameloft saw its business jump by 14%, boosted by its new game Disney Dreamlight Valley. Another popular game, Disney Speedstorm, launched this month.
Yannick Bolloré, chairman of the supervisory board of Vivendi,...
- 4/24/2023
- by Elsa Keslassy
- Variety Film + TV
Vivendi on Wednesday posted a full-year loss of $1.07B (1.01B Euros) for 2022, linked to the deconsolidation of its Telecom Italia stake, but painted a positive picture in terms of its overall health and revenue.
The loss compared with a record profit of $25.9B (24.6B euros) in 2021, which was driven by its spin-off of a 60% stake of Universal Music Group.
Full-year revenues for the Paris-based global media and entertainment conglomerate rose 10.1% to $10.1B (9.6B Euros) year-on-year. Ebita grew 35.6% to $915M (868M Euros). Adjusted net income excluding Telecom Italia increased by 19.4% to $713M (677M Euros).
The group said the rise in revenues had been driven by the performance of its two biggest entities, communications outfit Havas and pay-tv giant the Canal+ Group, as well as video games specialist Gameloft.
“I would like to highlight the solidity of our group with another year of double-digit growth,” CEO Arnaud de Puyfontaine said in a results call.
The loss compared with a record profit of $25.9B (24.6B euros) in 2021, which was driven by its spin-off of a 60% stake of Universal Music Group.
Full-year revenues for the Paris-based global media and entertainment conglomerate rose 10.1% to $10.1B (9.6B Euros) year-on-year. Ebita grew 35.6% to $915M (868M Euros). Adjusted net income excluding Telecom Italia increased by 19.4% to $713M (677M Euros).
The group said the rise in revenues had been driven by the performance of its two biggest entities, communications outfit Havas and pay-tv giant the Canal+ Group, as well as video games specialist Gameloft.
“I would like to highlight the solidity of our group with another year of double-digit growth,” CEO Arnaud de Puyfontaine said in a results call.
- 3/8/2023
- by Melanie Goodfellow
- Deadline Film + TV
Growth at pay TV unit Canal+ Group and advertising giant Havas and record revenue at Gameloft helped drive 2022 earnings at French media and telecommunications conglomerate Vivendi.
The company posted revenue of 9.6 billion euros ($10.1 billion), 10.1 percent higher than in 2021, or up 5.1 percent when using constant currencies and focusing on the businesses that the company owns now. Earnings before interest, taxes and amortization (Ebita) rose 35.6 percent, or 24.6 percent on an adjusted basis, to 868 million euros ($916 million).
Revenue at pay TV unit Canal+ climbed 1.7 percent, or 0.3 percent at constant currency and business perimeter, 5.9 billion euros ($6.2 billion), with StudioCanal’s revenue falling 22.8 percent at constant currency and perimeter after “the postponement of the release of international films to 2023 to optimize their box-office performance.” Nonetheless, Ebita rose 7.3 percent, or 3.4 percent, at Canal+ to 515 million euros ($543 million).
Ad powerhouse Havas recorded a revenue gain of 18.1 percent, or 9.2 percent at constant currency and perimeter,” to 2.8 billion euros...
The company posted revenue of 9.6 billion euros ($10.1 billion), 10.1 percent higher than in 2021, or up 5.1 percent when using constant currencies and focusing on the businesses that the company owns now. Earnings before interest, taxes and amortization (Ebita) rose 35.6 percent, or 24.6 percent on an adjusted basis, to 868 million euros ($916 million).
Revenue at pay TV unit Canal+ climbed 1.7 percent, or 0.3 percent at constant currency and business perimeter, 5.9 billion euros ($6.2 billion), with StudioCanal’s revenue falling 22.8 percent at constant currency and perimeter after “the postponement of the release of international films to 2023 to optimize their box-office performance.” Nonetheless, Ebita rose 7.3 percent, or 3.4 percent, at Canal+ to 515 million euros ($543 million).
Ad powerhouse Havas recorded a revenue gain of 18.1 percent, or 9.2 percent at constant currency and perimeter,” to 2.8 billion euros...
- 3/8/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
Click here to read the full article.
French media and telecommunications conglomerate Vivendi reported higher first-half revenue and earnings on Thursday, driven by gains at advertising giant Havas, but also pay TV unit Canal+ Group.
Revenue for the first six months of 2022 reached €4.87 billion (4.94 billion), up 10.9 percent, or 5.4 percent on an organic basis, which focuses on constant currencies and current assets, compared to the year-ago period. Earnings before interest, taxes and amortization (Ebita) jumped 31.5 percent to €412 million (418 million), “thanks notably to the contribution of Canal+ Group, the growth of Havas Group and the integration of (French magazine publisher) Prisma Media.”
Vivendi also broke out revenue for the second quarter, which rose 8.6 percent to €2.50 billion, “mainly due to Havas Group’s very good momentum.” Focusing on constant currency and assets, quarterly revenue grew by 3.1 percent, led by Havas, while Canal+ recorded a 1.3 decline on that basis.
“As reflected in the 31.5 percent increase in Ebita,...
French media and telecommunications conglomerate Vivendi reported higher first-half revenue and earnings on Thursday, driven by gains at advertising giant Havas, but also pay TV unit Canal+ Group.
Revenue for the first six months of 2022 reached €4.87 billion (4.94 billion), up 10.9 percent, or 5.4 percent on an organic basis, which focuses on constant currencies and current assets, compared to the year-ago period. Earnings before interest, taxes and amortization (Ebita) jumped 31.5 percent to €412 million (418 million), “thanks notably to the contribution of Canal+ Group, the growth of Havas Group and the integration of (French magazine publisher) Prisma Media.”
Vivendi also broke out revenue for the second quarter, which rose 8.6 percent to €2.50 billion, “mainly due to Havas Group’s very good momentum.” Focusing on constant currency and assets, quarterly revenue grew by 3.1 percent, led by Havas, while Canal+ recorded a 1.3 decline on that basis.
“As reflected in the 31.5 percent increase in Ebita,...
- 7/28/2022
- by Georg Szalai and Etan Vlessing
- The Hollywood Reporter - Movie News
Maxime Saada, the chairman and CEO of Canal+ Group and chair of its film and TV subsidiary Studiocanal, has joined the management board of Vivendi.
The arrival of Saada within Vivendi’s management board is part of the company’s recent strategic moves and underscores its ambition to continue growing its international scope and focus on content, media and communications. The management board, which remains chaired by Arnaud de Puyfontaine (who is also CEO), welcomed several other new members alongside Saada.
Last month, Vivendi, whose supervisory board is chaired by Yannick Bolloré, launched a takeover bid for Lagardère, the French publishing and travel retail conglomerate, following the distribution of 60 of the share capital of Universal Music Group and its listing on the Amsterdam stock exchange.
“I am truly honoured to join Vivendi’s management board under the leadership of Yannick Bolloré and Arnaud de Puyfontaine. I am eager to accelerate the transformation,...
The arrival of Saada within Vivendi’s management board is part of the company’s recent strategic moves and underscores its ambition to continue growing its international scope and focus on content, media and communications. The management board, which remains chaired by Arnaud de Puyfontaine (who is also CEO), welcomed several other new members alongside Saada.
Last month, Vivendi, whose supervisory board is chaired by Yannick Bolloré, launched a takeover bid for Lagardère, the French publishing and travel retail conglomerate, following the distribution of 60 of the share capital of Universal Music Group and its listing on the Amsterdam stock exchange.
“I am truly honoured to join Vivendi’s management board under the leadership of Yannick Bolloré and Arnaud de Puyfontaine. I am eager to accelerate the transformation,...
- 7/6/2022
- by Elsa Keslassy
- Variety Film + TV
“I admire Disney,” Vivendi CEO Arnaud de Puyfontaine said on Tuesday. And he shared that if asked “what I wish Vivendi to become,” his vision was clear: “to create a kind of European Disney-type of company.”
Speaking at the Paley Center’s Paley International Council Summit in a session that was live streamed, the head of the French conglomerate behind the likes of pay TV company and StudioCanal owner Canal+, game maker Gameloft and video streamer Dailymotion, shared that he has a print on his desk of drawing by Walt Disney from the 1950s.
It features ...
Speaking at the Paley Center’s Paley International Council Summit in a session that was live streamed, the head of the French conglomerate behind the likes of pay TV company and StudioCanal owner Canal+, game maker Gameloft and video streamer Dailymotion, shared that he has a print on his desk of drawing by Walt Disney from the 1950s.
It features ...
- 11/9/2021
- The Hollywood Reporter - Film + TV
“I admire Disney,” Vivendi CEO Arnaud de Puyfontaine said on Tuesday. And he shared that if asked “what I wish Vivendi to become,” his vision was clear: “to create a kind of European Disney-type of company.”
Speaking at the Paley Center’s Paley International Council Summit in a session that was live streamed, the head of the French conglomerate behind the likes of pay TV company and StudioCanal owner Canal+, game maker Gameloft and video streamer Dailymotion, shared that he has a print on his desk of drawing by Walt Disney from the 1950s.
It features ...
Speaking at the Paley Center’s Paley International Council Summit in a session that was live streamed, the head of the French conglomerate behind the likes of pay TV company and StudioCanal owner Canal+, game maker Gameloft and video streamer Dailymotion, shared that he has a print on his desk of drawing by Walt Disney from the 1950s.
It features ...
- 11/9/2021
- The Hollywood Reporter - Movie News
As Democratic leadership tries to unite its progressive and moderate wings, a group of 80-plus artists, celebrities and activists called on the leaders of Google, Disney, Amazon, Fox, Facebook and more to urge Congress to support President Biden’s Biden’s Build Back Better plan.
Boldfaced signatories to the group letter included J.J. Abrams, Greg Berlanti, Cate Blanchett, Jack Antonoff, Don Cheadle, Ellen DeGeneres, Selena Gomez, Chris Evans, Jimmy Kimmel, Lady Gaga, John Legend, Chuck Lorre, Julia Louis-Dreyfus, Lin-Manuel Miranda, Sean Penn, Joaquin Phoenix, Billy Porter, Robert Redford, Ryan Reynolds, Shakira, Barbra Streisand, Wes Studi, Justin Timberlake, Kerry Washington and many more. The full list of names is below.
The effort was spearheaded by the National Resources Defense Council Action Fund and actress/singer Camila Cabello, who convinced the sizable group of A-listers to speak out, specifically about the need to address climate change.
Manish Bapna, President and CEO of the Nrdc Action Fund said, “These are the tastemakers of our time—and in moments like these they have an opportunity to be the changemakers, too. What started as an idea by Camila Cabello has exploded into a clarion call from entertainers overnight to take action. Congress holds in its hands our best chance at combating our biggest environmental challenge yet. We need all hands on deck to make sure they seize it, and these industry leaders can play a critical role in making sure that they do.”
In today’s initiative, the artists call out the following execs by name: Lincoln Benet at Access Industries (Warner Music Group), Sundar Pichai at Alphabet, Andy Jassy at Amazon, Tim Cook at Apple, John Stankey at AT&T (WarnerMedia), Brian Roberts at Comcast, David Zaslav at Discovery (and soon Warner Bros. Discovery), Mark Zuckerberg at Facebook, Lachlan Murdoch at Fox, Reed Hastings at Netflix, Kenichiro Yoshida at Sony, Robert Bakish at ViacomCBS, Arnaud de Puyfontaine at Vivendi (Universal Music Group) and Bob Chapek at Walt Disney.
The letter says, in part:
As the top leaders of the entertainment industry—one of the nation’s most powerful and influential business sectors—you are needed to lead our community’s call for action and embrace this vision for a better world. The entertainment community has a long, proud tradition of driving societal change. Our industry is already leading the charge toward more sustainable practices within our own businesses and productions. Now is the time to use your influence to shape our future.”
Congress needs to hear you demand, unequivocally, that it put forward and pass the most ambitious climate change agenda in U.S. history.
“It’s no secret that climate change is here and is already affecting people’s lives across the globe,” wrote Cabello in her post on Instagram about the effort. “We have a once-in-a-generation opportunity to act boldly to fight the climate crisis, so I am honored to join over 60 fellow artists to call on leaders of the entertainment industry to use their power and demand that Congress pass @potus’s #BuildBackBetter agenda this fall.”
View this post on Instagram
A post shared by camila (@camila_cabello)
The standard was taken up by longtime environmental champion DiCaprio, who tweeted to his 19 million followers, “This fall, Congress has a rare opportunity to invest in a clean, just, and equitable future by passing the Build Back Better agenda. This is our moment, and there is no time to waste. Join us and @NRDC_AF…”
This fall, Congress has a rare opportunity to invest in a clean, just, and equitable future by passing the Build Back Better agenda. This is our moment, and there is no time to waste. Join us and @NRDC_AF by texting Climate Now to 21333 to demand Congress take action. pic.twitter.com/7Ivx6ElCpG
— Leonardo DiCaprio (@LeoDiCaprio) September 23, 2021
Julia Louis-Dreyfus, who is an Nrdc board member, said the following in a statement: “People are seeing the impacts of climate change first-hand, from climate-fueled wildfires, to floods and storms,” said . “We cannot wait longer to act and we must use our voices to demand that our government leaders pass President Biden’s Build Back Better agenda.”
The full text of the letter and a list of its signatories are below.
Dear Entertainment Industry Executives:
Climate change has arrived on our doorstep: California is on fire, record-breaking and deadly storms are flooding New York City, hurricanes are devastating the Gulf. This summer alone, nearly one in every three people in the United States experienced an extreme weather event.
Scientists warn that if we fail to act now, every single one of us will feel the impacts, a billion people will be displaced, and low-income people and communities of color will continue to be hit first and worst. Right now, we have a critical window of opportunity to do something about it. And we need all hands on deck to demand that our leaders protect the people we love and the places they live before it’s too late.
Congress has a once-in-a-generation opportunity to invest in a clean, just, and equitable future for all by passing the robust climate action that President Biden called for in his Build Back Better agenda. This legislation will create healthier communities, put millions to work in clean energy jobs, and free us from the fossil fuels that are driving climate change.
As the top leaders of the entertainment industry—one of the nation’s most powerful and influential business sectors—you are needed to lead our community’s call for action and embrace this vision for a better world. The entertainment community has a long, proud tradition of driving societal change. Our industry is already leading the charge toward more sustainable practices within our own businesses and productions. Now is the time to use your influence to shape our future.
Congress needs to hear you demand, unequivocally, that it put forward and pass the most ambitious climate change agenda in U.S. history.
The plan currently before Congress will protect people’s health and clean up our drinking water. It will create a just transition away from dirty fossil fuels and create millions of new jobs. It will protect communities from climate change through investments in clean energy, clean transportation, and infrastructure upgrades. And it will make sure we finally prioritize and invest in the low-income communities and communities of color that are hit hardest by both fossil fuel pollution and climate impacts.
This plan will create a stronger, brighter, and more just America—and we need you to help make this vision a reality.
At this pivotal moment, please lead the call. Demand publicly and loudly that our senators and representatives in Congress pass this critical legislation.
And we pledge to do our part as well. We will use our platforms to remind all Americans: Tell your senators and representatives in Congress that you demand climate action now. Advocate for Congress to take up the president’s climate agenda. And don’t stop there. Tweet. Post. E-mail. Call. Whatever it takes.
Sincerely,
J.J. Abrams
Anitta
Jack Antonoff
Troian Bellisario
Greg Berlanti
Cate Blanchett
Benny Blanco
Dave Burd aka “Lil Dicky”
Camila Cabello
Dove Cameron
Alessia Cara
Don Cheadle
Glenn Close
Coldplay
Jacob Collier
Lily Collins
James Corden
Ellen DeGeneres
Cara Delevingne
Leonardo DiCaprio
Zac Efron
Billie Eilish
Chris Evans
Jimmy Fallon
Finneas
Selena Gomez
Conan Gray
Grimes
Todrick Hall
Hugh Jackman
Jimmy Kimmel
Joey King
Liza Koshy
Lady Gaga
Cyndi Lauper
John Legend
Adam Levine
Kevin Liles
Dua Lipa
Lorde
Chuck Lorre
Julia Louis-Dreyfus
Demi Lovato
Ziggy Marley
Shawn Mendes
Idina Menzel
Lin-Manuel Miranda
Sean Penn
Joaquin Phoenix
Billy Porter
Zachary Quinto
Addison Rae
Robert Redford
Ryan Reynolds
Mark Ronson
Kyra Sedgwick
Shakira
Lilly Singh
Troye Sivan
Barbra Streisand
Wes Studi
Ryan Tedder
Justin Timberlake
Kerry Washington
Sigourney Weaver
Shailene Woodley
Calum Worthy...
Boldfaced signatories to the group letter included J.J. Abrams, Greg Berlanti, Cate Blanchett, Jack Antonoff, Don Cheadle, Ellen DeGeneres, Selena Gomez, Chris Evans, Jimmy Kimmel, Lady Gaga, John Legend, Chuck Lorre, Julia Louis-Dreyfus, Lin-Manuel Miranda, Sean Penn, Joaquin Phoenix, Billy Porter, Robert Redford, Ryan Reynolds, Shakira, Barbra Streisand, Wes Studi, Justin Timberlake, Kerry Washington and many more. The full list of names is below.
The effort was spearheaded by the National Resources Defense Council Action Fund and actress/singer Camila Cabello, who convinced the sizable group of A-listers to speak out, specifically about the need to address climate change.
Manish Bapna, President and CEO of the Nrdc Action Fund said, “These are the tastemakers of our time—and in moments like these they have an opportunity to be the changemakers, too. What started as an idea by Camila Cabello has exploded into a clarion call from entertainers overnight to take action. Congress holds in its hands our best chance at combating our biggest environmental challenge yet. We need all hands on deck to make sure they seize it, and these industry leaders can play a critical role in making sure that they do.”
In today’s initiative, the artists call out the following execs by name: Lincoln Benet at Access Industries (Warner Music Group), Sundar Pichai at Alphabet, Andy Jassy at Amazon, Tim Cook at Apple, John Stankey at AT&T (WarnerMedia), Brian Roberts at Comcast, David Zaslav at Discovery (and soon Warner Bros. Discovery), Mark Zuckerberg at Facebook, Lachlan Murdoch at Fox, Reed Hastings at Netflix, Kenichiro Yoshida at Sony, Robert Bakish at ViacomCBS, Arnaud de Puyfontaine at Vivendi (Universal Music Group) and Bob Chapek at Walt Disney.
The letter says, in part:
As the top leaders of the entertainment industry—one of the nation’s most powerful and influential business sectors—you are needed to lead our community’s call for action and embrace this vision for a better world. The entertainment community has a long, proud tradition of driving societal change. Our industry is already leading the charge toward more sustainable practices within our own businesses and productions. Now is the time to use your influence to shape our future.”
Congress needs to hear you demand, unequivocally, that it put forward and pass the most ambitious climate change agenda in U.S. history.
“It’s no secret that climate change is here and is already affecting people’s lives across the globe,” wrote Cabello in her post on Instagram about the effort. “We have a once-in-a-generation opportunity to act boldly to fight the climate crisis, so I am honored to join over 60 fellow artists to call on leaders of the entertainment industry to use their power and demand that Congress pass @potus’s #BuildBackBetter agenda this fall.”
View this post on Instagram
A post shared by camila (@camila_cabello)
The standard was taken up by longtime environmental champion DiCaprio, who tweeted to his 19 million followers, “This fall, Congress has a rare opportunity to invest in a clean, just, and equitable future by passing the Build Back Better agenda. This is our moment, and there is no time to waste. Join us and @NRDC_AF…”
This fall, Congress has a rare opportunity to invest in a clean, just, and equitable future by passing the Build Back Better agenda. This is our moment, and there is no time to waste. Join us and @NRDC_AF by texting Climate Now to 21333 to demand Congress take action. pic.twitter.com/7Ivx6ElCpG
— Leonardo DiCaprio (@LeoDiCaprio) September 23, 2021
Julia Louis-Dreyfus, who is an Nrdc board member, said the following in a statement: “People are seeing the impacts of climate change first-hand, from climate-fueled wildfires, to floods and storms,” said . “We cannot wait longer to act and we must use our voices to demand that our government leaders pass President Biden’s Build Back Better agenda.”
The full text of the letter and a list of its signatories are below.
Dear Entertainment Industry Executives:
Climate change has arrived on our doorstep: California is on fire, record-breaking and deadly storms are flooding New York City, hurricanes are devastating the Gulf. This summer alone, nearly one in every three people in the United States experienced an extreme weather event.
Scientists warn that if we fail to act now, every single one of us will feel the impacts, a billion people will be displaced, and low-income people and communities of color will continue to be hit first and worst. Right now, we have a critical window of opportunity to do something about it. And we need all hands on deck to demand that our leaders protect the people we love and the places they live before it’s too late.
Congress has a once-in-a-generation opportunity to invest in a clean, just, and equitable future for all by passing the robust climate action that President Biden called for in his Build Back Better agenda. This legislation will create healthier communities, put millions to work in clean energy jobs, and free us from the fossil fuels that are driving climate change.
As the top leaders of the entertainment industry—one of the nation’s most powerful and influential business sectors—you are needed to lead our community’s call for action and embrace this vision for a better world. The entertainment community has a long, proud tradition of driving societal change. Our industry is already leading the charge toward more sustainable practices within our own businesses and productions. Now is the time to use your influence to shape our future.
Congress needs to hear you demand, unequivocally, that it put forward and pass the most ambitious climate change agenda in U.S. history.
The plan currently before Congress will protect people’s health and clean up our drinking water. It will create a just transition away from dirty fossil fuels and create millions of new jobs. It will protect communities from climate change through investments in clean energy, clean transportation, and infrastructure upgrades. And it will make sure we finally prioritize and invest in the low-income communities and communities of color that are hit hardest by both fossil fuel pollution and climate impacts.
This plan will create a stronger, brighter, and more just America—and we need you to help make this vision a reality.
At this pivotal moment, please lead the call. Demand publicly and loudly that our senators and representatives in Congress pass this critical legislation.
And we pledge to do our part as well. We will use our platforms to remind all Americans: Tell your senators and representatives in Congress that you demand climate action now. Advocate for Congress to take up the president’s climate agenda. And don’t stop there. Tweet. Post. E-mail. Call. Whatever it takes.
Sincerely,
J.J. Abrams
Anitta
Jack Antonoff
Troian Bellisario
Greg Berlanti
Cate Blanchett
Benny Blanco
Dave Burd aka “Lil Dicky”
Camila Cabello
Dove Cameron
Alessia Cara
Don Cheadle
Glenn Close
Coldplay
Jacob Collier
Lily Collins
James Corden
Ellen DeGeneres
Cara Delevingne
Leonardo DiCaprio
Zac Efron
Billie Eilish
Chris Evans
Jimmy Fallon
Finneas
Selena Gomez
Conan Gray
Grimes
Todrick Hall
Hugh Jackman
Jimmy Kimmel
Joey King
Liza Koshy
Lady Gaga
Cyndi Lauper
John Legend
Adam Levine
Kevin Liles
Dua Lipa
Lorde
Chuck Lorre
Julia Louis-Dreyfus
Demi Lovato
Ziggy Marley
Shawn Mendes
Idina Menzel
Lin-Manuel Miranda
Sean Penn
Joaquin Phoenix
Billy Porter
Zachary Quinto
Addison Rae
Robert Redford
Ryan Reynolds
Mark Ronson
Kyra Sedgwick
Shakira
Lilly Singh
Troye Sivan
Barbra Streisand
Wes Studi
Ryan Tedder
Justin Timberlake
Kerry Washington
Sigourney Weaver
Shailene Woodley
Calum Worthy...
- 9/23/2021
- by Tom Tapp
- Deadline Film + TV
With French media conglomerate Vivendi set to spin off Universal Music Group (Umg) on Tuesday and the music major’s stock starting to trade on Amsterdam’s Euronext stock exchange, its stock’s reference price was set on Monday.
Vivendi, led by CEO Arnaud de Puyfontaine, has long been planning the listing of the label home of Taylor Swift and Lady Gaga to take advantage of the rebound of the music business amid streaming growth. A Euronext notice on Monday said the company’s reference price, an indication or guide for investors, was set at 18.50 euros ($21.70) per share....
Vivendi, led by CEO Arnaud de Puyfontaine, has long been planning the listing of the label home of Taylor Swift and Lady Gaga to take advantage of the rebound of the music business amid streaming growth. A Euronext notice on Monday said the company’s reference price, an indication or guide for investors, was set at 18.50 euros ($21.70) per share....
- 9/20/2021
- The Hollywood Reporter - Film + TV
With French media conglomerate Vivendi set to spin off Universal Music Group (Umg) on Tuesday and the music major’s stock starting to trade on Amsterdam’s Euronext stock exchange, its stock’s reference price was set on Monday.
Vivendi, led by CEO Arnaud de Puyfontaine, has long been planning the listing of the label home of Taylor Swift and Lady Gaga to take advantage of the rebound of the music business amid streaming growth. A Euronext notice on Monday said the company’s reference price, an indication or guide for investors, was set at 18.50 euros ($21.70) per share....
Vivendi, led by CEO Arnaud de Puyfontaine, has long been planning the listing of the label home of Taylor Swift and Lady Gaga to take advantage of the rebound of the music business amid streaming growth. A Euronext notice on Monday said the company’s reference price, an indication or guide for investors, was set at 18.50 euros ($21.70) per share....
- 9/20/2021
- The Hollywood Reporter - Movie News
Awards
After being delayed in 2021, The 36th Spanish Academy Goya Awards ceremony will return to its traditional time frame, taking place on Feb. 12 from the Mediterranean coastal city of Valencia. 2022 will be the fourth year in a row the awards will be held outside of Madrid, where the Spanish Academy’s offices are located and where the ceremony had been held since their establishment in 1986.
This year’s ceremony was held with no audience in attendance due to Covid-19 restrictions. Despite the empty auditorium however, the evening was praised by Spanish media and viewers on social media as one of the best in the history of the Goyas, due in no small part to host Antonio Banderas’ presence. Musical performances from local celebrities and at-home acceptance speeches with winners surrounded by friends and family added to the charm of the one of a kind awards.
Aside from welcoming back audiences next year,...
After being delayed in 2021, The 36th Spanish Academy Goya Awards ceremony will return to its traditional time frame, taking place on Feb. 12 from the Mediterranean coastal city of Valencia. 2022 will be the fourth year in a row the awards will be held outside of Madrid, where the Spanish Academy’s offices are located and where the ceremony had been held since their establishment in 1986.
This year’s ceremony was held with no audience in attendance due to Covid-19 restrictions. Despite the empty auditorium however, the evening was praised by Spanish media and viewers on social media as one of the best in the history of the Goyas, due in no small part to host Antonio Banderas’ presence. Musical performances from local celebrities and at-home acceptance speeches with winners surrounded by friends and family added to the charm of the one of a kind awards.
Aside from welcoming back audiences next year,...
- 9/10/2021
- by Jamie Lang
- Variety Film + TV
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