March 12, 2003 |
Trumpeter-businessman Herb Alpert and partner Jerry Moss have gotten down to brass tacks with Vivendi Universal, collecting an additional $200 million from the French giant for a music publisher they sold three years ago. The payment, in cash and stock, was part of a contractual guarantee connected with the sale in 2000 of independent publisher Rondor Music. Alpert and Moss originally sold Rondor to Seagram Co. Shortly thereafter, Seagram was gobbled up by Vivendi.
April 21, 2002 |
One is a Saturday matinee popcorn movie replete with bare-chested musclemen, deadly swordplay, scantily attired damsels and ancient desert kingdoms vividly created through the magic of 21st century computer graphics. The other is an irreverent Muppet-like pay television show that takes delight in skewering the French ruling class with scathing wit and nimble political humor. Both are products of global entertainment giant Vivendi Universal.
July 2, 2002 |
As their legendary family fortune dwindled along with the price of Vivendi Universal shares, Edgar Bronfman Jr. and the Bronfman family emerged as key players in the undoing of the company's once-unchallenged leader. The Bronfmans, who control 5% of the French company, orchestrated a board rebellion that led to the forced resignation of Vivendi Chairman Jean-Marie Messier.
December 1, 2002 |
Right about now, the behind-the-scenes moneyman orchestrating Marvin Davis' audacious $13-billion bid to control Vivendi Universal's entertainment assets is somewhere on the Atlantic Ocean, hopefully closer to South America than to Africa. Will Mesdag is pausing from the biggest takeover proposal in the media industry this year to pilot his 60-foot yacht, the Constanter, toward St. Lucia from the Canary Islands in the annual Atlantic Rally for Cruisers race.
October 9, 2003 |
The long and often tortured script for Universal Studios was put to bed Wednesday as French-owned Vivendi Universal and General Electric Co. finalized an agreement to marry their entertainment assets in a deal that could spur far-reaching changes in Hollywood. As was widely anticipated, the two companies agreed to create an entity that combines the Universal movie studio, theme parks and TV businesses, including the Sci Fi and USA cable channels, with GE's television operations.
July 2, 2002 |
Vivendi Universal Chief Executive Jean-Marie Messier, who stormed Hollywood two years ago with grand plans to turn a sleepy French water utility into a global media powerhouse only to watch his empire suffer record losses, has succumbed to a coup engineered by investors and board members.