Vivendi to Invest in Digital Communication Group Progressif Media

Rhea-AI Summary

Vivendi has announced its investment in Progressif Media, becoming an 8.5% shareholder alongside ZeWatchers, which holds 30%, and the founders who retain 60%. This acquisition aims to strengthen Vivendi's position in the digital communication sector, focusing on social network campaign management. Progressif Media emphasizes development and community engagement through its services. Vivendi continues its strategy to expand as a global content, media, and communications group.

Positive

• Acquisition of an 8.5% stake in Progressif Media indicates strategic growth in digital communication.
• Partnership with established players like ZeWatchers enhances market positioning.

Negative

• None.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Vivendi (Paris:VIV) today announced that it has decided to support the digital communication group Progressif Media, specializing, among other things, in the design and execution of social network campaigns, becoming an 8.5% shareholder along with ZeWatchers, which will own 30%, and the three founders, Emile Duport, David Bonhomme and Thomas Ghys, who retain 60% of the company.

Vivendi will acquire this stake from ZeWatchers which is owned and managed by Chantal Barry and Luc Geoffroy, who were already the group’s partners in SFP/Euromedia.

Vivendi continues to invest to build a global content, media and communications group.

Progressif Media creates and promotes services focusing on people development and their commitment in favor of the common good. It combines communications as well as print and web content publishing activities.

About Vivendi

Since 2014, Vivendi has built a world-class media, content and communications group. The Group owns leading, strongly complementary assets in television and movies (Canal+ Group), communications (Havas Group), publishing (Editis), magazines (Prisma Media), video games (Gameloft), live entertainment and ticketing (Vivendi Village). It also owns a global digital content distribution platform (Dailymotion). Vivendi’s various businesses cohesively work together as an integrated industrial group to create greater value. Vivendi is committed to the environment and aims at being carbon neutral by 2025. In addition, the Group helps building more open, inclusive and responsible societies by supporting diverse and inventive creative works, promoting broader access to culture, education and to its businesses, and by increasing awareness of 21^st-century challenges and opportunities. www.vivendi.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005571/en/

Vivendi

Source: Vivendi

FAQ

When did Vivendi invest in Progressif Media?

Vivendi announced its investment in Progressif Media on the date of the press release.

What percentage of Progressif Media does Vivendi own?

Vivendi owns an 8.5% stake in Progressif Media.

Who are the other shareholders of Progressif Media besides Vivendi?

ZeWatchers owns 30%, while the founders hold the remaining 60%.

What is the focus of Progressif Media?

Progressif Media specializes in digital communication and social network campaign management.

How does Vivendi aim to expand its business?

Vivendi continues to invest in building a global content, media, and communications group.