Vivendi Opens 10th CanalOlympia Cinema and Live Performance Venue
04 Octobre 2018 - 6:08PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) inaugurated its 10th CanalOlympia venue in
Africa, and the second one in Lomé, Togo. Created in early 2017,
CanalOlympia has become the leading network of movie theaters and
live performance venues in French-speaking Africa.
With a presence in 7 central and western African countries, the
CanalOlympia theaters have quickly found their audience. The lack
of large screen venues in some cases for several decades, a
diversified line-up of recent movies (US blockbusters, major French
and African films), a reasonable ticket price and the use of the
latest and the most up to date screening technologies explain
CanalOlympia’s success.
The CanalOlympia venues have become important cultural hubs with
the organization of concerts, most often in association with
Universal Music Group, as well as numerous events. For example,
Vivendi Sports is organizing an official boxing competition as part
of the IBO (International Boxing Organization) world championship
being held at the CanalOlympia in Dakar, Senegal, on October 20.
Also, many local businesses often use these venues for private
events.
The CanalOlympia venues, part of Vivendi Village, are arranged
around a modular movie theater with 300 seats that can be
transformed into an open-air stage with an audience capacity
of several thousand. A total of ten CanalOlympia are currently
operational, including in Conakry (Guinea), Yaoundé and
Douala (Cameroon), Niamey (Niger), two
in Ouagadougou (Burkina
Faso), Dakar (Senegal), two in Lomé
(Togo) and Cotonou (Benin). The venues benefit from
electrical energy provided by solar panels.
About Vivendi
Since 2014, Vivendi has been focused on building a world-class
content, media and communications group with European roots. The
clear and ambitious strategy that was set in motion four years
ago has been successfully executed by the Management Board. First,
in content creation, Vivendi owns powerful, complementary assets in
music (Universal Music Group), mobile games (Gameloft) as well as
movies and series (Canal+ Group), which are the three most popular
forms of entertainment content in the world today. Second, in the
distribution market, Vivendi has acquired the Dailymotion platform
and repositioned it to create a new digital showcase for its
content. The Group has also joined forces with several telecom
operators and platforms to maximize the reach of its distribution
networks. In 2017, a third building block – communications – was
added to this structure, via Havas. Havas possesses unique creative
expertise in promoting free content and producing short formats,
which are increasingly viewed on mobile devices. In addition,
through Vivendi Village, the Group explores new forms of business
in live entertainment, franchises, ticketing and digital technology
that are complementary to its core activities. Vivendi’s various
businesses cohesively work together as an integrated industrial
group to create greater
value. www.vivendi.com, www.cultureswithvivendi.com
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