You can help expand this article with text translated from the corresponding article in French. (December 2025)Click [show] for important translation instructions.
|
| | |
| | |
| Company type | Private |
|---|---|
| Industry | |
| Founded | 2000 |
| Defunct | 2011 |
| Fate | Merged with NBC in 2004 |
| Headquarters | 100 Universal City Plaza, , |
Area served | Worldwide |
Key people | Barry Diller (COO) |
| Products | |
| Brands | |
| Services | |
| Revenue | |
Number of employees | 14,187 (2003) |
| Parent |
|
| Divisions | |
Vivendi Universal Entertainment LLLP (VUE) was an American group, an 86% subsidiary of the French conglomerate Vivendi Universal, bringing together Vivendi Universal's film (Universal Pictures), television (USA Network, Sci-Fi, etc.), and theme park businesses, making it the world's second-largest communications and media company. [1] [2]
Created in 2000 following the merger of Vivendi and Seagram, VUE was one of the divisions of Vivendi Universal, a global group active in many areas such as music with Universal Music Group, film with Universal Pictures, telecommunications with Cegetel and SFR, and publishing with Vivendi Universal Publishing (literature, textbooks, press, video games), now Editis. [3]
In 2002, with the acquisition of USA Networks, Vivendi Universal Entertainment's headquarters moved from Paris to 100 Universal City Plaza, Universal City, California. [2]
Vivendi Universal Entertainment (VUE) became NBCUniversal when Vivendi Universal sold 80% of its shares in the group to the now defunct General Electric (GE). Vivendi Universal retained 20% of NBCUniversal until 2011, when Comcast acquired 51% of the group. VUE was officially dissolved on November 14, 2011. [4]
Vivendi Universal Entertainment is the result of the 2000 merger of Seagram's Universal activities (excluding music) and the Canal+ Group, which includes the Canal+ channel, Canalsatellite, and StudioCanal, contributed by Vivendi.
In 2002, Vivendi Universal acquired the entertainment activities of the American group InterActiveCorp (namely the USA Network and the Sci-Fi channel) and integrated them into Vivendi Universal Entertainment and a new holding company named “Vivendi Universal Entertainment LLLP” domiciled in the United States. [3]
On May 30, 2003, Vivendi Universal Entertainment sold Spencer Gifts, a chain of gift and novelty stores located in the United States, Canada, and the United Kingdom, to American investment funds Gordon Brothers Group and Palladin Capital Group for approximately $100 million. [4]
In May 2004, Vivendi Universal sold Vivendi Universal Entertainment (except for Canal+) to General Electric, owner of the NBC broadcasting group, which integrated it into the new NBCUniversal media group in exchange for a 20% stake. Vivendi Universal retained Universal Music Group. [5]
Vivendi Universal's stake was finally sold to General Electric in two stages at the end of 2010 and beginning of 2011. This group then sold 51% of NBCUniversal to Comcast, which integrated its own television channels into the company. [6]
In 2004, Vivendi Universal Entertainment consisted of:
Only the Canal+ channel is staying out of the merger, since a rule says that no industrial group can own more than 49% of the capital of a French TV channel.