Vivendi declared in May 20th that it is carrying out a capital increase reserved for employees of the Group.
Share capital: € 6,439,214,545.50
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As we know the music industry is searching for new opportunities and ways to generate profits!
Here is a short article about Universal's online strategy:
A pending executive shuffle at Universal Music Group, the world's largest recorded-music company by sales, illustrates how labels have yet to find a truly money-making online strategy despite repeated attempts.
Universal is preparing to move Rio Caraeff, the top executive in its digital-business division, to head a new venture called Vevo, which aims to generate increased advertising revenue from online music videos. Though Vevo is being developed with technical help from Google Inc., it is being funded and built by Universal, a division of Vivendi SA.
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