Quantcast
These results—marking the company’s expectations for first-quarter 2001 (July 1-September 30, 2000)—will be fueled by an estimated $50 million swing in Filmed Entertainment EBITDA, a 14% increase in Recreation EBITDA and an 11% increase in Music EBITDA.

SEAGRAM TOASTS Q1 ESTIMATES

Projected Earnings Up In Wine And Song Divisions; Trade In Women Stays Level

Maybe Edgar should give this Vivendi deal a little more thought.

Just a few months after Seagram's Q4 2000 EBITDA hit a record $217 million, Merrill Lynch issued a report anticipating Q1 2001 growth across all of the company's operating segments.

These results—marking the company's expectations for first-quarter 2001 (July 1-September 30, 2000)—will be fueled by an estimated $50 million swing in Filmed Entertainment EBITDA, a 14% increase in Recreation EBITDA and an 11% increase in Music EBITDA.

The report estimated EBITDA growth of 26% to $436 million vs. 1Q 2000's $352 million on projected revenue growth of 3% to $3.7 billion vs. $3.6 billion. Merrill Lynch also predicted Seagram 2001 EBITDA will rise $25 million from $2.16 billion to $2.18 billion, with a growth of 17% due to an increase in projected Spirits and Wine EBITDA to 763 million, representing 5% growth.

Seagram's Recorded Music holdings, the first music company ever to exceed $1 billion in EBITDA for a full year in 2000, is estimated to increase EBITDA 11% in Q1, from $205 million vs. $185 million last year. Because of the declining strength of the dollar, though, revenue will be off 1% to $1.4 billion.

Vivendi Universal will hold an investor meeting this week in Paris (10/12-13) and New York (10/17) to discuss strategic initiatives and the financial picture for the combined company. The merger is on track to close by the end of the year.

You can bet a six-pack of frosty wine coolers will be onhand to celebrate that.

NEAR TRUTHS: SPRING BLOOMS
Here come the big guns. (3/28a)
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
CITY OF HOPE TAPS MARCIANO FOR TOP HONOR
This year's philanthropic model (3/28a)
TRUST IN THE TOP 20
Hip-hop is no longer hibernating. (3/28a)
UMG BROADENS SPOTIFY OFFERINGS
Sir Lucian and Daniel are in harmony. (3/28a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)