- With pay-TV subscribers on the wane over the past two years, Vivendi (OTCPK:VIVHY) has replaced the head of its Canal Plus division, Rodolphe Belmer.
- Belmer's No. 2, Maxime Saada, will become the new CEO of the unit.
- Vivendi has been remaking itself with divestments and acquisitions, leaving Canal Plus as its largest unit.
- Previously: Vivendi closes on $242M Dailymotion purchase from Orange (Jun. 30 2015)
- Previously: Vivendi could raise Telecom Italia stake again (Jun. 25 2015)