[opendtv] NBC and Vivendi Universal Entertainment Unite to Create NBCUniversal
- From: Monty Solomon <monty@xxxxxxxxxx>
- To: opendtv@xxxxxxxxxxxxx
- Date: Wed, 12 May 2004 08:39:59 -0400
NBC and Vivendi Universal Entertainment Unite to Create NBC
Universal
- May 12, 2004 07:10 AM (BusinessWire)
NEW YORK & PARIS--(BUSINESS WIRE)--May 12, 2004--
New Company Comprises No. 1 TV Network, Leading Film Studio,
Portfolio of Entertainment, News, and Spanish-language TV Networks,
And Renowned Theme Parks
NBC and Vivendi Universal Entertainment (VUE) have completed the
creation of NBC Universal, a global media and entertainment enterprise
with expected 2005 revenues of $15 billion. The announcement was made
today by GE (NYSE:GE) and Vivendi Universal (Paris Bourse: EX, NYSE:
V), the parent companies, respectively, of NBC and VUE.
NBC Universal is one of the world's leading media companies in the
development, production, and marketing of entertainment, news, and
information to a global audience. The new company's assets include
some of the most recognized and valuable brands in the industry, such
as television networks NBC, Telemundo, USA Network, Sci-Fi Channel,
Bravo, Trio, CNBC, and MSNBC (jointly owned with Microsoft); film
studio Universal Pictures; television production studios Universal
Television and NBC Studios; a stations group comprising 29 NBC and
Telemundo television stations; and interests in five theme parks
including Universal Studios Hollywood and Universal Orlando.
International assets include excellent positions in the sale and
distribution of video and DVD titles, television programming, and
feature films in more than 200 countries; and distinctive television
channels across Europe, Asia, and Latin America.
In completing the transaction, shareowners of Vivendi Universal
Entertainment (VUE) received $3.65 billion of cash consideration, of
which Vivendi Universal received $3.4 billion. NBC Universal assumed
$1.7 billion of debt, previously included in Vivendi Universal's
financial statements. As a result, GE owns 80% of NBC Universal and
Vivendi Universal controls the remaining 20%. Beginning in 2006,
Vivendi Universal will have the right to monetize its ownership
interest over time at fair market value.
...
- http://finance.lycos.com/home/news/story.asp?story=41369874
----------------------------------------------------------------------
You can UNSUBSCRIBE from the OpenDTV list in two ways:
- Using the UNSUBSCRIBE command in your user configuration settings at
FreeLists.org
- By sending a message to: opendtv-request@xxxxxxxxxxxxx with the word
unsubscribe in the subject line.
Other related posts:
- » [opendtv] NBC and Vivendi Universal Entertainment Unite to Create NBCUniversal