Vivendi on Wednesday posted a full-year loss of $1.07B (1.01B Euros) for 2022, linked to the deconsolidation of its Telecom Italia stake, but painted a positive picture in terms of its overall health and revenue.

The loss compared with a record profit of $25.9B (24.6B euros) in 2021, which was driven by its spin-off of a 60% stake of Universal Music Group.

Full-year revenues for the Paris-based global media and entertainment conglomerate rose 10.1% to $10.1B (9.6B Euros) year-on-year. Ebita grew 35.6% to $915M (868M Euros). Adjusted net income excluding Telecom Italia increased by 19.4% to $713M (677M Euros).

The group said the rise in revenues had been driven by the performance of its two biggest entities, communications outfit Havas and pay-tv giant the Canal+ Group, as well as video games specialist Gameloft.

“I would like to highlight the solidity of our group with another year of double-digit growth,” CEO Arnaud de Puyfontaine said in a results call.

Anna Marsh, CEO of production and distribution giant StudioCanal, will give one of the main keynote speeches for this year’s MIPTV, the global TV market confab held in Cannes in April.

Marsh will address the international television industry at Cannes’ Palais des Festivals on Monday, April 17, the opening day of MIPTV 2023. Her Media Mastermind keynote will explore the increasing crossover between different mediums, from film through TV and online, and the opportunities for talent, storytelling and innovative commercial strategies that spring from these.

“As the European leader in film and series production and distribution, StudioCanal has a responsibility to share its content with even wider and expanding international audiences,” said Marsh. “More than ever in 2023, we are looking to diversify our content and create the successes of tomorrow by strengthening the significant synergies between our film and series activities.”

StudioCanal is a major player in both the film and TV industries.

Move follows meetings with the Frency Competition Authority.

Shares in French broadcasting groups TF1 and M6 fell on Monday after they announced late last week that they had abandoned long-held plans to merger.

Bouygues-controlled TF1 Group and Rtl Group-owned M6 originally announced plans to merge in May 2021, arguing that it would help them to scale up and compete against the international streaming platforms making incursions into France.

The decision to abandon the merger was announced on Friday evening (Sept 16), and came after Bouygues, Rtl Group, TF1 and M6 appeared at hearings of the French Competition Authority’s board on September 5 and 6.

In a statement,...