Word: vivendi
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...music companies may have their own plans. Vivendi Universal and Sony Music are jointly planning to launch a subscription-based online music service by year-end. And there is the problem of getting consumers to pay. Many companies have tried to convert websites from free to fee; consumers generally respond by going from free to flee...
...Moving fast has become a necessity for Bertelsmann in its quest to survive the global media wars. Ever since two giant mergers last year-AOL's takeover of Time Warner and the purchase of Universal Studios by French media company Vivendi-Bertelsmann has been under pressure to bulk up. Not only has the group acquired control of RTL, which has TV and radio properties in 11 countries, but it is also bidding for the record company EMI and forging a global alliance between Bertelsmann music subsidiary BMG and Napster, the controversial Internet site where people can exchange music for free...
...extraordinary driver of higher earnings," noted ceo Michael Eisner. The new 55-acre California Adventure is part of a $1.4 billion expansion that aims to keep the Mouse a step ahead of ever more powerful competitors like Universal Studios, now part of the $70 billion French media conglomerate Vivendi Universal...
...reasoning goes about like this: think of some of this year's biggest business stories--AOL's merging with Time Warner, Vivendi's acquiring Seagram, Napster's hijacking the music industry. They are all, in some sense, about devising more and creative ways to suck up bandwidth. Words, music, video, interactive TV--they're all data that have to go through the electronic plumbing of the network...
...partners), telecommunications (mobile phones and wireless technology) and civil engineering (the dazzling new Normandy Bridge and the Franco-British Channel Tunnel). With assets like these, the country is well placed to benefit from the cyclical upturn lifting all European economies. Meanwhile, aggressive French firms are making their mark abroad. Vivendi last month announced a merger with Canada's Seagram that will give the new company control of Universal's film and music interests and make it a major player in the entertainment field...