Vivendi’s 2023 Revenues Rise by 9.5% to $11.4 Billion, Bolstered by Canal+ Group, Lagardere

With Easter now upon us, millions across the UK will get to enjoy a bumper four-day bank holiday weekend.

“Moving forward, our company will be different.”

Kurt Badenhausen Longtime sports team owners Josh Harris and David Blitzer have been actively investing in youth sports properties over the last two years. Now, the private equity titans are rolling up those assets into a new parent company, Unrivaled Sports.

“America’s Got Talent” judge Heidi Klum was miffed with her co-judge Sofía Vergara after she failed to cast Klum in her Netflix miniseries “Griselda.” “I was upset because I was like, ‘Why couldn’t I have been one of your cousins?’ I could have been a cousin that doesn’t speak, because obviously I don’t speak Spanish,” Klum, 50, told “Entertainment Tonight” on Tuesday.The women came together to promote Season 19 of “AGT” on the red carpet. “But I could have just been, you know, not speaking! I was upset,” she laughed.

Jem Aswad Executive Editor, Music The U.S. recorded music industry grew its revenue by 8% in 2023, reaching an all-time high of $17.1 billion and marking eight consecutive years of growth. However, there’s no question that the streaming boom of the past decade, which produced years of double-digit growth, is leveling off and the industry is reacting with layoffs and talk of a “transformational moment” in the months and years to come.

Mark Sutherland The IFPI Global Music Report has long been viewed as the definitive snapshot of the international music industry’s health (or otherwise). After all, the global recorded music industry trade body’s report has chronicled both the industry’s long, painful period of physical decline and celebrated its streaming-led return to growth.But the publication of its 2024 report — launched Thursday at a press conference in London — felt like one of those years when the numbers are slightly lagging behind the real story of what’s happening in the industry.The statistics, certainly, paint an almost across-the-board picture of a business in good health.

Patrick Frater Asia Bureau Chief China’s social media, games and video giant Tencent saw 2023 revenues advance by 10% to $84.6 billion (RMB609 billion). But its net profits slid to $16.3 billion (RMB118 billion), down from $26.3 billion a year earlier. The group is directly affected by weakness in the mainland Chinese economy, which has recovered only slowly since the end of the COVID pandemic, and by ongoing regulatory concerns.

Miss Universe 2023 Sheynnis Palacios is enjoying her time on tour before passing down the crown to the next winner in September. The tour began in Miami, Florida, and she will next head to Asia.

Jem Aswad Executive Editor, Music Spotify has provided further details on the record $9 billion it paid out to the music industry in 2023, which was first announced in January. For context, the company stated that the “amount has nearly tripled over the past six years, and represents a big part of the $48 billion-plus Spotify has paid since its founding.” Last March, the company said it pays out nearly 70% of every dollar it generates from music back to the industry, generating its music revenue from two sources: subscription fees from its Premium platform paying subscribers, and fees from advertisings on music on its Free tier.

Elsa Keslassy International Correspondent After creating a U.K. genre label with Jed Benedict, Studiocanal has forged a partnership with French production company WTFilms to focus on genre films.

Studiocanal has announced a partnership with French production and sales company WTFilms (What The Films).

Naman Ramachandran Acclaimed filmmaker Hong Khaou‘s “Walled City” has been selected for the 22nd Hong Kong — Asia Film Financing Forum (HAF), the project market that operates concurrently with FilMart. Khaou’s debut, “Lilting” (2014), starring Ben Whishaw and Cheng Pei-pei, premiered in the world cinema dramatic competition at Sundance, winning best cinematography. “Monsoon” (2019), his second feature, starred Henry Golding and premiered in competition at Karlovy Vary.

Warner Bros/Legendary Entertainment’s Dune: Part Two held strongly in its sophomore session at the international box office, adding $81M to handily cross the $200M overseas milestone, and reaching $367.5M globally.

A hike in subscribers for French pay-TV giant Canal+ Group as well as a successful year at the box office in France for Studiocanal helped drive positive 2023 results for parent company Vivendi, which were released Thursday evening after the close of the local stock exchange.

K.J. Yossman Banijay, the French-headquartered TV production and distribution powerhouse behind hits including “Survivor” and “Peaky Blinders,” posted revenues of €3.3 billion (a growth of 6%) and an adjusted EBITDA of €494 million (taking into account fluctuating exchange rates) Thursday. The company is owned by FL Entertainment, which also posted profits on Thursday showing revenues of €4.5 billion ($5.8 billion) two years afters making its debut on the Amsterdam stock market.

K.J. Yossman U.K. commercial broadcaster ITV’s annual results for 2023 were revealed Thursday.

Elsa Keslassy International Correspondent Studiocanal, the European powerhouse behind “Paddington,” has created a genre label dedicated to the development, production and distribution of horror, thriller, sci fi and action films and TV series. The company has hired Jed Benedict, a well-known executive who previously worked for the U.K. distribution banner Elysian Film Group, to run the new label.

Musicians are making moves!

Diego Ramos Bechara editor The National Association of Latino Independent Producers and Netflix have announced the third cohort for their Women of Color Incubator — the finalists were chosen from a pool of over 100 applications. The 2023 class of filmmakers are Sonia Gonzalez (“Heartbreak in Another Tongue”), Michelle Salcedo (“Bye Bye Barbarito”), Jackie! Zhou (“Good Boy Banjo”), Lorena Duran (“Last Day Home”) and Fabiola Andrade (“Natural Selection”). Gonzalez is a Mexican-American writer and filmmaker based in Los Angeles.

Imax saw sales dip in the fourth quarter to $86 million from $98 million, in line with Wall Street forecasts, as the company focused on the full year and its accelerated global expansion. The stock in up in after-market trading.