Word: vivendi
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...answer, I think, is that France is a fractured society. For many of its ?lite - the people who work for Vivendi and Airbus, have Harvard M.B.A.s and speak perfect English - globalization and a free-market economy offer glittering opportunities. But for others - and this is true elsewhere in Europe - the modern world is a threat. "Europe," says Bernard Guetta, a columnist at L'Express, "is frightened of the new century." Some French see national identity challenged by immigration and the rise of Islam; they witness governmental powers ineluctably shifting from Paris to the European Union. They fear that an American...
Euro Disney isn't alone in seeing the European theme-park market as under-developed. This summer, Vivendi will open a new water park and two hotels alongside its Universal Studios Port Aventura park near Barcelona, making it the first competitor on a Disneyesque scale. At least three other large regional parks will launch in 2002. Bear, Stearns' Abramson sees the competition as a positive for Disney because it familiarizes Europeans with American-style theme parks. "Parks here have historically been some small amusement with a juggler and music playing somewhere," he says...
...after Sept. 11 when Martin, an analyst for Credit Suisse First Boston, downgraded all cable and entertainment companies in her portfolio. Three weeks later the Pasadena, Calif., office out of which Martin, 43, worked was shuttered, and she was laid off. But as of Jan. 1, she will join Vivendi Universal as vice president for investor relations...
...decade or two from now, Vivendi could turn out to be right about satellite TV and the wired by wireless future of the world, and the cable guys will be begging for access on its superhighways. Leaving open the possibility of a truly nightmarish entertainment future - 20,000 channels and nothing but Jerry Lewis...
...rates in suburban New York by 12 percent last year alone, might slow down on the price hikes. Or they might both sic their lobbyists on Washington - Murdoch will come along for the ride - and bust up the EchoStar-DirecTV union, putting satellite TV back in infighting mode and Vivendi back in the U.S.-distribution minor leagues...