The meeting, held at the Universal Amphitheater in Los Angeles, was also carried by a live Internet feed to others around the globe. However, the media was barred from the session.
Messier told Variety that he and Canal Plus Chairman Pierre Lescure will split their time evenly between France and the United States, but Messier stressed that Universal President Ron Meyer and Studio Chief Stacy Snider would remain in place. Describing the Seagram acquisition as a "marketing-driven merger, not a cost-saving merger," Messier admitted that the company would seek to achieve some $400 million in cost savings but would lose no Hollywood jobs to do so.
Messier remained unconcerned with the 20 percent drop in Vivendi's share price since the merger was announced last month. Expressing his confidence that "investors will come back," Messier added that the "fundamental value" of Vivendi remained intact.
THE COUNT: ALL THE DESERT'S A STAGE
The dust settles on the Indio Polo Grounds. (4/22a)
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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!
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