BUSINESSWEEK ONLINE : JULY 3, 2000 ISSUE
COVER STORY Jean-Marie's Universe How a Vivendi-Seagram merger shapes up THE WATER WORKS The core of Vivendi's profits: a $22 billion utility business that operates globally. Boring, but check out the cash flow. Could be partly spun off to pay for the deal. WIRELESS WORLD Cegetel is Vivendi's big cell-phone operator, with $4 billion in revenue. It has profits and gives Vivendi an inside track to the wireless world. But it may go on the block to bankroll the Seagram deal. TV TYCOON Vivendi's crown jewel is Canal+, Europe's leading pay-TV operator and a growing force in film production. The catch: Big tech investments are triggering huge losses. CONVERGENCE PLAY New portal with Vodafone will sell entertainment on the Euronet through cell phones and Canal+'s digital TV. Barry Diller's Home Shopping Network (partly owned by Seagram) could migrate to the portal. Sell those zircons! TINSELTOWN That's Universal Pictures. It has Erin Brockovich, The Jerry Springer Show, and a huge catalog of film and TV that could feed into Canal+. It's been losing money for years, but recent hits will bolster earnings. IMPERIAL EXPANSION Messier may still want more: a tighter alliance with Rupert Murdoch as the mogul launches a global digital-TV and Internet venture. He may even back a possible Diller bid for NBC. DATA: Business Week, COMPANY REPORTS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					RELATED ITEMS Vivendi: Going Hollywood COVER IMAGE: Vivendi: Going Hollywood PHOTO: Vivendi Chairman Jean-Marie Messier TABLE: Messier's Master Plan TABLE: Jean-Marie's Universe TABLE: Messier's Metamorphosis Has Barry Diller Found a Soul Mate? ONLINE ORIGINAL: How Vivendi Could Become USA Networks' Rich Uncle INTERACT E-Mail to Business Week Online

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