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Updates profit forecast

French media giant as the general increase of 5.3% in the third quarter, with revenues up to the music division of 31.8%

Vivendi raised its profit forecast after strong performances by Universal Music and Gaming division of Activision Blizzard in the third quarter.

French media giant sold a U.S. $ 427m in Activision Blizzard, home of the mega-selling franchise of games called duty. Modern Warfare 3 to support the $ 1.9 billion acquisition of EMI Music last week

Utilities

increased year by 5.3% year on year to ? 1.5 billion in the third quarter, while revenues fell 1.36% to ? 6.78bn.

Universal Music, where he acts like Lady Gaga, U2 and Take That, reported earnings before interest, taxes, depreciation and amortization from 31.8% yoy to ? 112 million.

Revenue fell 4.7% to ? 979m

, although this represents an increase of 0.7% when currency fluctuations were eliminated.

Polo Tang, analyst at UBS, said the performance of Universal Music "suggests that the market may be reaching a turning point after a decade of decline."

the second quarter of world music has experienced a 0.6% year on year revenue growth in constant currency.

Friday, Universal Music agreed $ 1.9 billion to take over the recorded music division of EMI, home to artists including The Beatles and Coldplay.

Vivendi

pledged ? 500 million non-strategic assets in the division of music, such as minority stakes in companies, to keep your credit score and boost supply through regulatory investigations .

Tuesday, Vivendi surprised the market by announcing its intention to reduce its stake from 63% to 60% of Activision, the company U.S. $ 427m.

However, media analysts believe the move was related to EMI, which emphasizes the desire to maintain Vivendi BBB credit rating agencies. Vivendi reiterated that the agreement will be "financed by existing credit facilities from Vivendi."

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