Profit hit $134 million for Vivendi SA in its second quarter as World of Warcraft is still a major contributor to the media giant’s business -- Blizzard's revenues up 16% to $270 million -- thanks to its majority share in the newly merged Activisio
Profit hit €92 million ($134m) for Vivendi SA in its second quarter, as World of Warcraft remains one of the major contributors to the media giant’s business. Despite a fall in profits from the Universal Music Group, revenue was up 12 percent to €667 million ($975m) - with the company’s French telecom business also enjoying positive results. The majority shareholder of Activision Blizzard reported that World of Warcraft was still showing sustained growth, with a global subscriber base of almost 11 million. Subscriber numbers increased by 1.8 million during the first half of the year. Vivendi Games revenues were up 17.9 percent on a constant currency basis to €223 ($326). World of Warcraft maker Blizzard Entertainment’s numbers were up 16 percent to €185 million ($270 million). Revenues for Sierra were described only as "slightly higher" than last year. "Vivendi’s performance during the second quarter 2008 reflects the quality and dynamism of our business units in a tighter economic environment," said chairman Jean-Bernard Lévy. "Vivendi closed two strategic transactions: the acquisition of Neuf Cegetel by SFR and the creation of Activision Blizzard, the global leader in video games publishing, in which Vivendi holds a 54 percent stake."
You May Also Like
