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Vivendi Revenue Rises on Growth at Havas, Canal+
French media and telecommunications conglomerate Vivendi reported higher first-half revenue and earnings on Thursday, driven by gains at advertising giant Havas, but also pay TV unit Canal+ Group. Revenue for the first six months of 2022 reached €4.87 billion ($4.94 billion), up 10.9 percent, or 5.4 percent on an organic basis, which focuses on constant currencies […]
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Universal Music Earnings Rise, Helped by BTS and Olivia Rodrigo
Universal Music Group reported higher revenue and earnings for its second quarter on Wednesday amid growth across its businesses, including its recorded music unit, which benefited from releases from the likes of BTS and Olivia Rodrigo. The music major, led by chairman and CEO Lucian Grainge, was spun off by French telecom and media conglomerate […]
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Second Activision Blizzard Worker Group Launches Union Drive With CWA
A new group of workers at video game behemoth Activision Blizzard is launching an attempt at unionization with the Communications Workers of America. Quality assurance (QA) testers at Blizzard Albany in New York have organized and are asking for voluntary recognition of their group from management, the workers tweeted on Tuesday. On Tuesday they additionally […]
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Microsoft’s Activision Blizzard Deal Being Probed by U.K. Competition Watchdog
Britain’s competition watchdog said on Wednesday that it was launching an investigation into Microsoft’s deal to acquire video game giant Activision Blizzard. The Competition and Markets Authority (CMA) set a Sept. 1 deadline to make a so-called phase 1 decision on whether the planned venture would also result in lesser competition. The CMA said that […]
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Major Workers’ Union Backs Microsoft’s Activision Blizzard Deal in FTC Letter
After reaching a labor neutrality agreement with Microsoft earlier in June, the Communications Workers of America has sent a letter to the Federal Trade Commission supporting the tech giant’s $68.7 billion acquisition of Call of Duty maker Activision Blizzard. The president of the labor union, which in late May successfully established Activision Blizzard’s first certified […]
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Activision Blizzard Worker Group Votes to Unionize in NLRB Election
The first worker group within video game giant Activision Blizzard to formally attempt to unionize has prevailed in a National Labor Relations Board election. Nineteen Quality Assurance (QA) testers at the Wisconsin-based Activision Blizzard subsidiary Raven Software voted in favor of the union in a Monday vote, while three members voted against the union. The desired […]
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‘Encanto’ Soundtrack, The Weeknd, King & Prince Boost Universal Music Earnings
Universal Music Group reported higher revenue and earnings for its first quarter on Tuesday amid growth across its businesses, including its recorded music unit, which benefited from the Encanto soundtrack, as well as releases by the likes of The Weeknd and Japanese idol group King & Prince. In the fall, French telecom and media conglomerate […]
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Union Files New Unfair Labor Practices Charge Against Activision Blizzard
As the Communications Workers of America continues to battle to establish its first union within Activision Blizzard, the labor giant has filed a new unfair labor practices charge against the company. The CWA, which is currently attempting to institute a union at company subsidiary Raven Software representing Quality Assurance workers, filed a complaint claiming that […]
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Activision Blizzard First-Quarter Earnings Drop on Lower ‘Call of Duty’ Results, Microsoft Deal Costs
Activision Blizzard reported first-quarter revenue of $1.8 billion Monday, in line with Wall Street expectations, though below its first-quarter results of $2.3 billion from 2021. The video game publisher recorded net bookings of $1.5 billion for the quarter ended March 31, 2022, down from $2.1 billion in the same quarter of 2021. In-game net bookings […]
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Vivendi First-Quarter Revenue Rises 8 Percent on Growth at Canal+, Ad Unit Havas
Growth at pay TV unit Canal+ Group and advertising giant Havas helped drive first-quarter revenue at French media and telecommunications conglomerate Vivendi to 2.38 billion euros ($2.56 billion), 7.9 percent higher than in the year-ago period when using constant currencies and focusing on the businesses that the company owns now. Without those adjustments, revenue grew […]
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Activision Blizzard Fends Off Shareholder Class Action Lawsuit Over Sexual Harassment Disclosures
Facing legal battles on numerous fronts, Activision Blizzard has won a skirmish with a federal judge’s dismissal of a lawsuit from shareholders alleging the company lied to them by minimizing the impact of allegedly widespread sexual harassment and discrimination against female employees. U.S. District Judge Percy Anderson on Tuesday found that the investors failed to […]
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Activision Blizzard Cooperating With Regulators’ Asks About Alleged Insider Trading
Activision Blizzard is cooperating with a federal lawsuit and investigation into suspected insider trading that allegedly may have been facilitated by chief executive Bobby Kotick just days before the video game publisher was acquired by Microsoft, according to a filing to the Securities and Exchange Commission. “Activision Blizzard received a voluntary request for information from […]
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