Vivendi Universal continues to entertain bids for sale of entertainment unit

Posted Monday, May 5, 2003 5:03 AM | Contributed by Jeff

Either Vivendi Universal is playing hard to get, or the company simply doesn't want to be wooed by Los Angeles billionaire Marvin Davis. So far, Vivendi has twice told Davis that his proposal to pay $13 billion for a controlling interest in all of itsentertainmentassets -- the movie studio, theme parks, games, music and television assets -- is too low. The Paris-based conglomerate has shown a willingness to sell off its entertainment assets one by one, and has openly courted other suitors.

Read more from The Orlando Sentinel.

Monday, May 5, 2003 10:03 AM
rollergator's avatar "Courting other suitors" is just another way of saying they'd like more money out of the deal.....strangely (?), I'm not hearing a whole lot about these other suitors coming out of the woodwork to buy Vivendi's entertainment division, in part or as a package.

It might be *just me*, but I'd expect that, should the entire entertainment division be sold as a unit, the $13B figure will probably hold pretty firm. I just don't think the markets are strong enough right now to encourage a lot of other *mega-investors*....also, I don't see where breaking off piecesof the business (and diluting their "name") would help at all.

Vivendi may not sell to Davis, but they're not going to get rich trying to sell to someone else, either...;)

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"Like most problems in life, it's nothing that can't be solved with a little bending"...Bender, Futurama

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Monday, May 5, 2003 11:37 AM
Jeff's avatar You know, it's that arrogant attitude on the part of the former CEO that got them into trouble in the first place. Looks like he's making the same mistakes.

Long-term prognosis of the entertainment unit is no doubt very good, but the market value right now is what it is. I personally hope it's sold together as one unit, and not broken up.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"Pray that your country undergoes recovery!" - KMFDM

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Monday, May 5, 2003 9:30 PM
What I can I say...they are FRENCH!

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If you don't know a thing about rollercoasters, don't stand in line in front of me and act like you do!

Jamin

-Journey to Atlantis '03
-Dueling Dragons '02
-Millennium Force '01
-Bluestreak '00

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Tuesday, May 6, 2003 2:56 AM
Another French joke? Your kidding me, right? How can you blame the entire country of France for the choice of one man (Jacque Chirac)? The ignorance of Americans is sickening...

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Tuesday, May 6, 2003 5:18 AM
Jeff's avatar ...and exactly the reason everyone hates us.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"Pray that your country undergoes recovery!" - KMFDM

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Tuesday, May 6, 2003 7:57 AM
It was just a joke people......The one thing I am not is arrogant but this whole Universal thing is do to the fact that this company was bought by a company that wanted nothing to do with it except the money in the first place. Vivendi Universal was formed when Vivendi came into a lot of money due to the stock market shooting through the roof, when the stock market dropped like a stone this company had nothing left except a park that they could not afford and no one to back them. This whole company is arrogant (I should know I worked for them). But Universal Vivendi is never going to get a bid good enough to get them out of the hole and back on there feet.

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If you don't know a thing about rollercoasters, don't stand in line in front of me and act like you do!

Jamin
-Dueling Dragons '02
-Millennium Force '01
-Bluestreak '00

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Tuesday, May 6, 2003 10:53 AM
Food for thought: what if Vivendi does sell off the entertainment assests piece by piece, and the new owners of the Movie division decide they don't want to allow the new owners of the theme parks to use their likenesses for their rides and shows (ie T2, Twister, Jaws, etc) without paying $$$ for the licensing rights.

Could be interesting to see how this plays out. I agree that Vivendi should be thankful for any offers after the way they mis-managed this company for years.

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Check out www.themeparkdiva.com for info on my new show!

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Tuesday, May 6, 2003 11:35 AM
Jeff's avatar Good question, and I'm no expert, but I think the intellectual property rights to the films are a complex mess of contracts, probably split between the studio, production companies, writers, directors, or whatever. Furthermore I'm sure that, given the expense of the attractions, they've got very long-term licenses to use them.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"Pray that your country undergoes recovery!" - KMFDM

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