Vivendi Universal Q2 Results: Focus on Digital

Vivendi Universal, the French media and telecom company, announced its Q2 results today, and expects to beat its 2005 earnings target after Q2 net profit increased 12%, driven by strong performances from its music and telecom unit.

Said CEO Jean-Bernard Levy: “2005 is also a year of major investments in the creation and acquisition of content, in networks, and in distribution platforms.”

Some digital media highlights from its presentations today:

– Universal Music Group: Digital sales are growing fast at ~5% of total revenues in first half 2005;

– Some higlights in Q2: SFR / Universal Music Group: Major strategic agreement for the distribution of music content over mobile; SFR / CANAL+ Group: Launch of the world’s first Pay-TV package over mobile phones; Wireless Games: Creation of a wireless mobile division within VU GamesMobility

Comments have been disabled for this post