PARIS--(BUSINESS WIRE)--Regulatory News:
Following exchange with a proxy advisory firm, Vivendi (Paris:VIV) today agreed to terminate Dominique Delport consulting agreement as well as his membership on the Governance, Nominations and Remuneration Committee of the Vivendi Supervisory Board, while remaining a Board member.
Under the terms of this agreement, since October 1, 2015 Dominique Delport, who will no longer exercize any executive functions within Vivendi, has provided advice in creating and new digital content tools as part of the development of Vivendi Content and Dailymotion. This agreement was approved by the Shareholders’ Meeting on April 21, 2016.
Vivendi is an integrated content, media and communications group. The company operates businesses throughout the value chain, from talent discovery to the creation, production and distribution of content. Universal Music Group is the world leader in music, engaged in recorded music, music publishing and merchandising. It owns more than 50 labels covering all music genres. Canal+ Group is the leading pay-TV operator in France, also engaged in Africa, Poland, Vietnam and Myanmar. Its subsidiary Studiocanal is the leading European player in production, sales and distribution of movies and TV series. Havas Group is one of the world’s largest global communications group. It is organized in three main business segments covering all the communications disciplines: creativity, media expertise and healthcare/wellness. Gameloft is a worldwide leader in mobile games, with 2 million games downloaded per day. Vivendi Village brings together the Paddington brand’s licensing activities, Vivendi Ticketing (in the United Kingdom, the United States and France), MyBestPro (expert counseling), the venues L’Olympia and Theâtre de L‘Œuvre in Paris, and CanalOlympia in Africa, as well as Olympia Production. With 300 million unique users per month, Dailymotion is one of the biggest video content aggregation and distribution platforms in the world. www.vivendi.com, www.cultureswithvivendi.com