Friday, September 30, 2016

Vivendi ready to find a new agreement with the Mediaset – The Republic

MILAN – We are confident on Mediaset Premium". With these words, Arnaud de Puyfontaine, ceo of Vivendi, has reiterated that it is ready to formulate the Mediaset an alternative proposal on pay tv. The agreement signed last 8 April, predicted that by march 30, the two companies would have had to perfect the agreement. The date, however, may be reviewed by the parties, and now you would work to find a solution in the next few weeks, negotiating it and announce it by October 30. Postpone would not be possible, because Mediast Premium must be programmed schedules and bids, and prepare for the auction of the rights of football of serie A and the Champions League, which will begin in January 2017.

According to reports, Mediobanca and the financier Tarak Ben Ammar are working to find a solution that is close to the positions of the two groups and, above all, sees light at the end of a long and violent legal battle. Last August 19, Mediaset has in fact filed a civil lawsuit closing at Vivendi 50 million of damages per month, to date from July 25, when the group began to challenge unilaterally the contract for the purchase of 100% of the Premium, and the damages quantified in no less than 1.5 billion. But also the parent company Fininvest is associated with the group of tv commercial asking the French 570 million in damage.

And so Vivendi, to avoid a long legal battle – which puts you in a position of weakness – is trying to involve new members in order not to consolidate the Premium and to keep to the agreement with Mediaset. However, the group of Cologno seems determined not to allow too many discounts to the French, confident of the legal validity of the contract signed with the French.

Topics:
Mediaset
Vivendi
mediaset premium
Starring:
PIer Silvio Berlusconi
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