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Article: Vivendi, News Corp. Create Global Scale.(Brief Article)(Statistical Data Included)
- Article from:
- Multichannel News
- Article date:
- June 26, 2000
- Author:
CopyrightCOPYRIGHT 2000 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Big moves last week by Vivendi S.A. and News Corp. threw renewed weight behind their own operations and could go as far as to reshape the international media industry in a major way.
Vivendi's $34 billion agreement to buy The Seagram Co. Ltd. catapulted it from the position of European waterworks and media company to a global entertainment giant.
At the same time, News Corp.'s long-expected unveiling of a holding company for its international distribution and digital assets should provide much-needed synergies as interactivity becomes a major component of the media industry.
If that weren't enough, Vivendi chairman Jean Marie Messier has openly ...