Filed by Vivendi
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: The Seagram Company Ltd.
Commission File No. 1-2275
and
Subject Company: Canal Plus S.A.
Commission File No. 82-2270
October 12, 2000
[UNIVERSAL LOGO] STACEY SNIDER
UNIVERSAL PICTURES
[VIVENDI UNIVERSAL LOGO]
<PAGE>
IMPORTANT LEGAL DISCLAIMER
- These documents contain forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. These statements are based on management's current
expectations or beliefs and are subject to a number of factors and
uncertainties that could cause actual results to differ materially from
those described in the forward-looking statements. The forward-looking
statements contained in these documents address the following subjects:
expected date of closing the merger; future financial and operating
results; and timing and benefits of the merger. The following factors,
among others, could cause actual results to differ materially from those
described in the forward-looking statements: the risk that the Vivendi,
Canal+'s and Seagram's businesses will not be integrated successfully;
costs related to the merger; failure of the Vivendi, Canal+ or Seagram's
stockholders to approve the merger; inability to further identify,
develop and achieve success for new products, services and technologies;
increased competition and its effect on pricing, spending, third-party
relationships and revenues; inability to establish and maintain
relationships with commerce, advertising, marketing, technology, and
content providers. Investors and security holders are urged to read the
joint proxy statement/prospectus regarding the business combination
transaction referenced in the foregoing information, when it becomes
available, because it will contain important information. The joint proxy
statement/prospectus will be filed with the Securities and Exchange
Commission by Vivendi, Canal+ and Seagram. Investors and security holders
may obtain a free copy of the joint proxy statement/prospectus (when it
is available) and other documents filed by Vivendi, Canal+ and Seagram
with the Commission at the Commission's web site at www.sec.gov. The
joint proxy statement/prospectus and these other documents may also be
obtained for free from Vivendi, Canal+ and Seagram. Information regarding
the participants in the proxy solicitation and a description of their
direct and indirect interests, by security holdings or otherwise, is
contained in the joint press release relating to the transaction filed
with the Commission by each of Vivendi and Seagram, on June 20, 2000.
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------
<S> <C>
UNIVERSAL PICTURES WE'RE NOT JUST
IS CREATIVELY AND MANAGING A STUDIO
FINANCIALLY WE'RE MANAGING A
STRONGER THAN IT TURNAROUND STORY
HAS BEEN IN YEARS
YOU MAY HAVE IN MIND
----------------------------------------------------- HISTORICAL LOSSES
YOU MAY ASSUME WE
STILL HAVE OLD STYLE
HOLLYWOOD MANAGEMENT
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------------------------------------
<S> <C>
UNIVERSAL PICTURES THAT IS NO LONGER
IS CREATIVELY AND ACCURATE AND IT
FINANCIALLY NO LONGER APPLIES
STRONGER THAN IT
HAS BEEN IN YEARS
-------------------------------------------------
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------------------------------------
<S> <C>
UNIVERSAL PICTURES WE HAVE RETURNED TO
IS CREATIVELY AND PROFITABILITY AND
FINANCIALLY EXPECT TO GROW BY
STRONGER THAN IT STICKING TO A
HAS BEEN IN YEARS DISCIPLINED PLAN
-------------------------------------------------
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
----------------------------------------------------------
<S> <C>
IN ORDER TO IMPROVE TODAY, PROCESS IS EVERYTHING
OUR FINANCIAL
RETURNS, WE HAD TO PROCESSES THAT REQUIRE:
CHANGE THE CULTURE - RIGOR
AT UNIVERSAL - DEBATE
- ACCOUNTABILITY
---------------------------------------------------------- - FLEXIBITY
- CONSENSUS BUILDING
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------------------------------------
<S> <C>
IN ORDER TO IMPROVE AND WITH OUR
OUR FINANCIAL BUSINESS PROCESSES
RETURNS, WE HAD TO NOW IN PLACE,
CHANGE THE CULTURE WE'RE CONFIDENT
AT UNIVERSAL
A CONSISTENT
AND PROFITABLE SLATE
IS ACHIEVABLE
--------------------------------------------------
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------------------------------------
<S> <C>
SLATE MANAGEMENT
PROCESS ACCOUNTABLITY
WE CHANGED
OUR BUSINESS RISK PROTECTION
FUNDAMENTALS IN
4 BASIC AREAS LEVERAGING OPPORTUNITY
------------------------------------------------ ACROSS DIVISIONS
</TABLE>
WHICH ENABLES US TO WORK WITHIN THE
CORPORATE MANDATE TO LIMIT
PRODUCTION SPENDING
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
------------------------------------------------- -------------------------
<S> <C>
WE CHANGED SLATE MANAGEMENT
OUR BUSINESS PROCESS ACCOUNTABLITY
FUNDAMENTALS IN RISK PROTECTION
4 BASIC AREAS LEVERAGING OPPORTUNITY
ACROSS DIVISIONS
------------------------------------------------ -------------------------
</TABLE>
AND TO DEMONSTRATE
IMPROVED FINANCIAL RETURNS
[VIVENDI UNIVERSAL LOGO]
<PAGE>
SLATE
MANAGEMENT
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
UPG PLANS FILMS OVER A 24 MONTH
PERIOD WHICH ARE DETERMINED BY
----------------------- ------------------------ -----------------------
<S> <C> <C>
NUMBER GENRE DESCRIPTION
14-16 FILMS THRILLER TENTPOLE
PER YEAR DRAMA EVENT
COMEDY PORTFOLIO
ROMANCE
ACTION/ADVENTURE
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------------------------------
THE PLANNING PROCESS PERMITS
ENOUGH DEPTH IN THE PROGRAM TO
- FILL SLOTS WHEN A FILM FAILS TO
COME TOGETHER
- PLAN MULTI-MILLION DOLLAR PROJECTS
IN A SANE AND RESPONSIBLE MANNER
--------------------------------------------------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
--------------------------------------
FILM PLANNING
--------------------------------------
-------------------- 2 - 3 PER YEAR --------------------
[DR. SEUSS
HOW THE [JURASSIC PARK III
GRINCH POSTER]
STOLE CHRISTMAS!
POSTER]
-------------------- --------------------
[arrow logo] [arrow logo]
TENTPOLE
FILMS
------------------ [arrow logo] --------------------
SPECIAL EFFECTS CROSS
DRIVEN PROMOTABLE
------------------ -------------------
--------------------
[THE
MUMMY
RETURNS
POSTER]
---------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-----------------------------------------------------
FILM PLANNING
-----------------------------------------------------
--------------------- -----------------------
[MEET THE [THE FAMILY MAN
PARENTS 4 - 6 PER YEAR POSTER]
POSTER]
--------------------- ---------------------
[arrow logo] [arrow logo]
EVENT
FILMS
---------------- [arrow logo] ---------------
STAR STORY
DRIVEN DRIVEN
---------------- ---------------
---------------
[CAPTAIN
CORELLI'S
MANDOLIN]
----------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-----------------------------------------------------
FILM PLANNING
-----------------------------------------------------
--------------------- -----------------------
[BRING IT ON [JOSIE
4 - 6 PER YEAR AND THE PUSSYCATS
POSTER] POSTER]
--------------------- ---------------------
[arrow logo] [arrow logo]
SMALLER
PORTFOLIO
FILMS
---------------- ---------------
[AMERICAN [arrow logo] [arrow logo] [REDINE
PIE POSTER]
POSTER]
---------------- ---------------
---------------- -------------------------- --------------------
[NICHE [OTHER STUDIOS MARGINALIZE [CROSSOVER
ORIENTED] THEIR SMALL FILMS. POTENTIAL]
---------------- WE EVENTIZE THEM] --------------------
--------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
THE COMBINATION OF
-------------------- ---------------------------
SLATE SCHEDULING OVER
COMPOSITION ----> 24 MONTH
TIMEFRAME
-------------------- ---------------------------
YIELDS
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------- ----------------------- ---------------------
JANUARY 2000 FEBRUARY 2000 MARCH 2000
THE HURRICANE 1/14 ERIN BROCKOVICH 3/17
ISN'T SHE GREAT 1/28 THE SKULLS 3/31
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2000 MAY 2000 JUNE 2000
U-571 4/21 GLADIATOR (INT'L) ADVENTURES OF ROCKY
FLINTSTONES IN VIVA SCREWED 5/12 AND BULLWINKLE 6/30
ROCK VEGAS 4/28
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2000 AUGUST 2000 SEPTEMBER 2000
NUTTY PROFESSOR II: BRING IT ON 8/25 THE WATCHER 9/8
THE KLUMPS 7/30
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2000 NOVEMBER 2000 DECEMBER 2000
MEET THE PARENTS 10/6 THE GRINCH 11/17 THE FAMILY MAN 12/15
BILLY ELLIOT 10/13 ----------------------- --------------------
-------------------
A BALANCED RELEASE SCHEDULE
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------- ----------------------- ---------------------
JANUARY 2000 FEBRUARY 2000 MARCH 2000
THE HURRICANE 1/14 ERIN BROCKOVICH 3/17
ISN'T SHE GREAT 1/28 THE SKULLS 3/31
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2000 MAY 2000 JUNE 2000
U-571 4/21 GLADIATOR (INT'L) ADVENTURES OF ROCKY
FLINTSTONES IN VIVA SCREWED 5/12 AND BULLWINKLE 6/30
ROCK VEGAS 4/28
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2000 AUGUST 2000 SEPTEMBER 2000
NUTTY PROFESSOR II: BRING IT ON 8/25 THE WATCHER 9/8
THE KLUMPS 7/30
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2000 NOVEMBER 2000 DECEMBER 2000
MEET THE PARENTS 10/6 THE GRINCH 11/17 THE FAMILY MAN 12/15
BILLY ELLIOT 10/13
------------------- ----------------------- --------------------
WE LOOK TO SCHEDULE ACROSS THE CALENDAR
WITH NO MORE THAN 2 FILMS PER MONTH
[VIVENDI UNIVERSAL LOGO]
L
<PAGE>
-------------------- ----------------------- ---------------------
JANUARY 2000 FEBRUARY 2000 MARCH 2000
THE HURRICANE 1/14 ERIN BROCKOVICH 3/17
ISN'T SHE GREAT 1/28 THE SKULLS 3/31
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2000 MAY 2000 JUNE 2000
U-571 4/21 GLADIATOR (INT'L) ADVENTURES OF ROCKY
FLINTSTONES IN VIVA SCREWED 5/12 AND BULLWINKLE 6/30
ROCK VEGAS 4/28
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2000 AUGUST 2000 SEPTEMBER 2000
NUTTY PROFESSOR II: BRING IT ON 8/25 THE WATCHER 9/8
THE KLUMPS 7/30
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2000 NOVEMBER 2000 DECEMBER 2000
MEET THE PARENTS 10/6 THE GRINCH 11/17 THE FAMILY MAN 12/15
BILLY ELLIOT 10/13
------------------- ----------------------- --------------------
WHERE FILMS ARE TIMED TO
AUDIENCE AVAILABILITY
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------- ----------------------- ---------------------
JANUARY 2000 FEBRUARY 2000 ERIN
THE HURRICANE 1/14 BROCKOVICH
ISN'T SHE GREAT 1/28 MARCH 17, 2000
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JUNE 2000
[U-571 GRAPHIC] [GLADIATOR GRAPHIC] ADVENTURES OF ROCKY
AND BULLWINKLE 6/30
APRIL 21, 2000 MAY 5, 2000
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2000 SEPTEMBER 2000
NUTTY PROFESSOR II: [BRING IT ON GRAPHIC] THE WATCHER 9/8
THE KLUMPS 7/30 AUGUST 25, 2000
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
NOVEMBER 2000 DECEMBER 2000
[MEET THE THE GRINCH 11/17 THE FAMILY MAN 12/15
PARENTS GRAPHIC]
OCTOBER 6, 2000
------------------- ----------------------- --------------------
MORE THAN EVER IN OUR HISTORY, UPG HAS ADOPTED AGGRESSIVE POLICIES OF:
- CHALLENGING ASSUMPTIONS
- ADAPTING TO OPPORTUNITIES IN THE LANDSCAPE
- AND CREATING BOXOFFICE OPPORTUNITY 12 MONTHS A YEAR
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------- ----------------------- ---------------------
JANUARY 2000 FEBRUARY 2000 [ERIN
THE HURRICANE 1/14 BROCKOVICH GRAPHIC]
ISN'T SHE GREAT 1/28 $255 MM WORLDWIDE
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JUNE 2000
[U-571 GRAPHIC] [GLADIATOR GRAPHIC] ADVENTURES OF ROCKY
$75 MILLION $420 MM WORLDWIDE AND BULLWINKLE 6/30
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2000 SEPTEMBER 2000
NUTTY PROFESSOR II: [BRING IT ON GRAPHIC] THE WATCHER 9/8
THE KLUMPS 7/30 $60 MILLION+
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
NOVEMBER 2000 DECEMBER 2000
[MEET THE THE GRINCH 11/17 THE FAMILY MAN 12/15
PARENTS GRAPHIC]
$29 MM OPENING
------------------- ----------------------- --------------------
AND ITS WORKED
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------- ----------------------- ---------------------
<S> <C> <C>
JANUARY 2000 FEBRUARY 2000 MARCH 2000
THE HURRICANE 1/14 ERIN BROCKOVICH 3/17
ISN'T SHE GREAT 1/28 THE SKULLS 3/31
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2000 MAY 2000 JUNE 2000
U-571 4/21 GLADIATOR (INT'L) ADVENTURES OF ROCKY
FLINTSTONES IN VIVA SCREWED 5/12 AND BULLWINKLE 6/30
ROCK VEGAS 4/28
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2000 AUGUST 2000 SEPTEMBER 2000
NUTTY PROFESSOR II: BRING IT ON 8/25 THE WATCHER 9/8
THE KLUMPS 7/30
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2000 NOVEMBER 2000 DECEMBER 2000
MEET THE PARENTS 10/6
BILLY ELLIOT 10/13 THE GRINCH 11/17 THE FAMILY MAN 12/15
------------------- ----------------------- --------------------
</TABLE>
JUST SOME OF OUR UPCOMING FILMS
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------- ----------------------- ---------------------
<S> <C> <C>
JANUARY 2000 FEBRUARY 2000 MARCH 2000
THE HURRICANE 1/14 ERIN BROCKOVICH 3/17
ISN'T SHE GREAT 1/28 THE SKULLS 3/31
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2000 MAY 2000 JUNE 2000
U-571 4/21 GLADIATOR (INT'L) ADVENTURES OF ROCKY
FLINTSTONES IN VIVA SCREWED 5/12 AND BULLWINKLE 6/30
ROCK VEGAS 4/28
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2000 AUGUST 2000 SEPTEMBER 2000
NUTTY PROFESSOR II: BRING IT ON 8/25 THE WATCHER 9/8
THE KLUMPS 7/30
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2000 DECEMBER 2000
MEET THE PARENTS 10/6 [THE GRINCH LOGO]
BILLY ELLIOT 10/13 NOVEMBER 17, 2000 THE FAMILY MAN 12/15
------------------- ----------------------- --------------------
</TABLE>
DIRECTED BY RON HOWARD AND
STARRING JIM CARREY AS THE GRINCH
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------- ----------------------- ---------------------
<S> <C> <C>
JANUARY 2000 FEBRUARY 2000 MARCH 2000
THE HURRICANE 1/14 ERIN BROCKOVICH 3/17
ISN'T SHE GREAT 1/28 THE SKULLS 3/31
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2000 MAY 2000 JUNE 2000
U-571 4/21 GLADIATOR (INT'L) ADVENTURES FOF ROCKY
FLINTSTONES IN VIVA SCREWED 5/12 AND BULLWINKLE 6/30
ROCK VEGAS 4/28
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2000 AUGUST 2000 SEPTEMBER 2000
NUTTY PROFESSOR II: BRING IT ON 8/25 THE WATCHER 9/8
THE KLUMPS 7/30
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2000 NOVEMBER 2000 [THE FAMILY MAN LOGO]
MEET THE PARENTS 10/6 THE GRINCH 11/17
BILLY ELLIOT 10/13 DECEMBER 15
------------------- ----------------------- --------------------
</TABLE>
A HEARTWARMING HOLIDAY FILM
STARRING NICOLAS CAGE
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------- ----------------------- ---------------------
<S> <C> <C>
JANUARY 2001 FEBRUARY 2001 MARCH 2001
HEAD OVER HEELS 2/9 CAPTAIN CORELLI'S
HANNIBAL(INT'L) MANDOLIN 3/16
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2001 MAY 2001 JUNE 2001
JOSIE & THE THE MUMMY RETURNS 5/11 DRAGONFLY
PUSSYCATS 4/13 HOUSE OF 1000 CORPSES
REDLINE 4/27
CAVEMAN'S VALENTINE
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2001 AUGUST 2001 SEPTEMBER 2001
JURASSIC PARK III AMERICAN PIE II SPY GAME 9/7
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2001 NOVEMBER 2001 DECEMBER 2001
K-PAX THE BOURNE IDENTITY A BEAUTIFUL MIND
HOW HIGH
------------------- ----------------------- --------------------
</TABLE>
AND IN 2001
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------- ----------------------- ---------------------
<S> <C> <C>
JANUARY 2001 MARCH 2001
[HANNIBAL LOGO] CAPTAIN CORELLI'S
MANDOLIN 3/16
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2001 MAY 2001 JUNE 2001
JOSIE & THE THE MUMMY RETURNS 5/11 DRAGONFLY
PUSSYCATS 4/13 HOUSE OF 1000 CORPSES
REDLINE 4/27
CAVEMAN'S VALENTINE
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2001 AUGUST 2001 SEPTEMBER 2001
JURASSIC PARK III AMERICAN PIE II SPY GAME 9/7
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2001 NOVEMBER 2001 DECEMBER 2001
K-PAX THE BOURNE IDENTITY A BEAUTIFUL MIND
HOW HIGH
------------------- ----------------------- --------------------
</TABLE>
ANTHONY HOPKINS RETURNS AS HANNIBAL LECTER,
CO-STARRING JULIANNE MOORE AND DIRECTED BY RIDLEY SCOTT
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------- ----------------------- ---------------------
<S> <C> <C>
JANUARY 2001 FEBRUARY 2001
HEAD OVER HEELS 2/9 [CAPTAIN CORELLI'S
HANNIBAL(INT'L) MANDOLIN LOGO]
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2001 MAY 2001 JUNE 2001
JOSIE & THE THE MUMMY RETURNS 5/11 DRAGONFLY
PUSSYCATS 4/13 HOUSE OF 1000 CORPSES
REDLINE 4/27
CAVEMAN'S VALENTINE
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2001 AUGUST 2001 SEPTEMBER 2001
JURASSIC PARK III AMERICAN PIE II SPY GAME 9/7
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2001 NOVEMBER 2001 DECEMBER 2001
K-PAX THE BOURNE IDENTITY A BEAUTIFUL MIND
HOW HIGH
------------------- ----------------------- --------------------
</TABLE>
AN EPIC WWII DRAMA STARRING NICOLAS CAGE AND PENELOPE CRUZ.
DIRECTED BY JOHN MADDEN (SHAKESPEARE IN LOVE)
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------- ----------------------- ---------------------
<S> <C> <C>
JANUARY 2001 FEBRUARY 2001 MARCH 2001
HEAD OVER HEELS 2/9 CAPTAIN CORELLI'S
HANNIBAL(INT'L) MANDOLIN 3/16
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2001 JUNE 2001
JOSIE & THE [THE DRAGONFLY
PUSSYCATS 4/13 MUMMY HOUSE OF 1000 CORPSES
REDLINE 4/27 RETURNS LOGO]
CAVEMAN'S VALENTINE
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2001 AUGUST 2001 SEPTEMBER 2001
JURASSIC PARK III AMERICAN PIE II SPY GAME 9/7
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2001 NOVEMBER 2001 DECEMBER 2001
K-PAX THE BOURNE IDENTITY A BEAUTIFUL MIND
HOW HIGH
------------------- ----------------------- --------------------
</TABLE>
BRINGING BACK BRENDAN FRASER AND THE CAST OF
THE MUMMY. ALSO STARRING THE ROCK
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------- ----------------------- ---------------------
<S> <C> <C>
JANUARY 2001 FEBRUARY 2001 MARCH 2001
HEAD OVER HEELS 2/9 CAPTAIN CORELLI'S
HANNIBAL(INT'L) MANDOLIN 3/16
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2001 MAY 2001 JUNE 2001
JOSIE & THE THE MUMMY RETURNS 5/11 DRAGONFLY
PUSSYCATS 4/13 HOUSE OF 1000 CORPSES
REDLINE 4/27
CAVEMAN'S VALENTINE
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
AUGUST 2001 SEPTEMBER 2001
[JURASSIC PARK III
LOGO] AMERICAN PIE II SPY GAME 9/7
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2001 NOVEMBER 2001 DECEMBER 2001
K-PAX THE BOURNE IDENTITY A BEAUTIFUL MIND
HOW HIGH
------------------- ----------------------- --------------------
</TABLE>
THE WORLD'S MOST POWERFUL PREDATORS ARE BACK.
FROM PRODUCER STEVEN SPIELBERG
[VIVENDI UNIVERSAL LOGO]
<PAGE>
<TABLE>
<CAPTION>
-------------------- ----------------------- ---------------------
<S> <C> <C>
JANUARY 2001 FEBRUARY 2001 MARCH 2001
HEAD OVER HEELS 2/9 CAPTAIN CORELLI'S
HANNIBAL(INTL) MANDOLIN 3/16
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
APRIL 2001 MAY 2001 JUNE 2001
JOSIE & THE THE MUMMY RETURNS 5/11 DRAGONFLY
PUSSYCATS 4/13 HOUSE OF 1000 CORPSES
REDLINE 4/27
CAVEMAN'S VALENTINE
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
JULY 2001 SEPTEMBER 2001
[AMERICAN PIE 2
JURASSIC PARK III LOGO] SPY GAME 9/7
------------------- ----------------------- --------------------
------------------- ----------------------- --------------------
OCTOBER 2001 NOVEMBER 2001 DECEMBER 2001
K-PAX THE BOURNE IDENTITY A BEAUTIFUL MIND
HOW HIGH
------------------- ----------------------- --------------------
</TABLE>
THE CAST AND FILMMAKERS RETURN
[VIVENDI UNIVERSAL LOGO]
<PAGE>
--------------------------------------------------
BRIDGET JONES DIARY
FROM WILDLY POPULAR NOVEL WITH RENEE
ZELLWEGER, HUGH GRANT AND COLIN FIRTH
--------------------------------------------------
--------------------------------------------------
DRAGONFLY
A SUPERNATURAL THRILLER FROM
TOM SHADYAC STARRING KEVIN COSTNER
--------------------------------------------------
--------------------------------------------------
SPY GAME
A SPY THRILLER FROM TONY SCOTT
STARRING ROBERT REDFORD AND BRAD PITT
--------------------------------------------------
--------------------------------------------------
K-PAX
AN INSPIRATIONAL STORY STARRING KEVIN SPACEY
--------------------------------------------------
THE BOURNE IDENTITY
FROM THE BESTSELLING NOVEL BY ROBERT LUDLUM
STARRING MATT DAMON
--------------------------------------------------
--------------------------------------------------
A BEAUTIFUL MIND
A DRAMA STARRING RUSSELL CROWE
DIRECTED BY RON HOWARD
--------------------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
PROCESS
ACCOUNTABILITY
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
UPG MAINTAINS DILIGENCE AND
ACCOUNTABILITY THROUGHOUT
THE FILMMAKING PROCESS
-------------------------------------------------------
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
LIKE ANY STUDIO,
WE ARE BARRAGED
WITH FILMMAKING
OPPORTUNITIES
[IMAGINE LOGO] [BEACON LOGO]
[JERSEY FILMS LOGO] [WORKING TITLE FILMS LOGO]
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
OUR PRIMARY SUPPLIERS
HAVE EXCELLENT TRACK
RECORDS FOR DELIVERING
COMMERCIAL AND
CRITICAL SUCCESSES
[IMAGINE LOGO] [BEACON LOGO]
[JERSEY FILMS LOGO] [WORKING TITLE FILMS LOGO]
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
AT UNIVERSAL, NO FILM IS
UNDERTAKEN WITHOUT
PASSING THROUGH
OUR RIGOROUS
GREENLIGHTING PROCESS
GREENLIGHTING REQUIRES
CONSENSUS BUILDING
AND DEBATE
[IMAGINE LOGO] [BEACON LOGO]
[JERSEY FILMS LOGO] [WORKING TITLE FILMS LOGO]
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
WE SOLICIT
PROJECTIONS FROM:
----------------------------------------------------
THEATRICAL MARKETING AND DISTRIBUTION
----------------------------------------------------
----------------------------------------------------
VIDEO AND DVD
----------------------------------------------------
----------------------------------------------------
TELEVISION
----------------------------------------------------
----------------------------------------------------
CONSUMER PRODUCTS
----------------------------------------------------
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
DIVISIONS ARE HELD
ACCOUNTABLE FOR
THEIR PROJECTION
REVENUES AND COSTS
----------------------------------------------------
THEATRICAL MARKETING AND DISTRIBUTION
----------------------------------------------------
----------------------------------------------------
VIDEO AND DVD
----------------------------------------------------
----------------------------------------------------
TELEVISION
----------------------------------------------------
----------------------------------------------------
CONSUMER PRODUCTS
----------------------------------------------------
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
UPG CAREFULLY PLANS AND
SUPERVISES FILMS IN PRODUCTION
----------------------------- ----------------------------------
CAREFUL AGGRESSIVE
PRE-PRODUCTION PRODUCTION
========> SUPERVISION
----------------------------- ----------------------------------
AGGRESSIVE SUPERVISION IN PRE-PRODUCTION,
PRODUCTION, AND POST-PRODUCTION OFFERS
SPECIFIC OPPORTUNITIES TO REASSESS OUR
ASSUMPTIONS AND ADJUST IF NECESSARY
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
UPG CAREFULLY PLANS AND
SUPERVISES FILMS IN PRODUCTION
----------------------------- ----------------------------------
CAREFUL AGGRESSIVE
PRE-PRODUCTION PRODUCTION
========> SUPERVISION
----------------------------- ----------------------------------
ONE BENEFIT OF THIS PROCESS IS THAT IT
ALLOWED US TO GAMBLE ON FIRST TIME DIRECTORS
<TABLE>
<S> <C>
[AMERICAN PIE POSTER] [THE BEST MAN POSTER] [BRING IT ON POSTER] [BILLY ELLIOT POSTER]
</TABLE>
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
UPG CAREFULLY PLANS AND
SUPERVISES FILMS IN PRODUCTION
----------------------------- ----------------------------------
CAREFUL AGGRESSIVE
PRE-PRODUCTION PRODUCTION
========> SUPERVISION
----------------------------- ----------------------------------
AND MANAGE THE BIGGER
MORE ELABORATE PRODUCTIONS
<TABLE>
<S> <C>
[GLADIATOR POSTER] [DR. SEUSS' HOW THE GRINCH STOLE CHRISTMAS POSTER] [ERIN BROCKOVICH POSTER]
</TABLE>
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
UPG CAREFULLY PLANS AND
SUPERVISES FILMS IN PRODUCTION
----------------------------- ----------------------------------
CAREFUL AGGRESSIVE
PRE-PRODUCTION PRODUCTION
========> SUPERVISION
----------------------------- ----------------------------------
AND THE PICTURES
HAVE DELIVERED
--------------------------------------------------------------------------------
- AMERICAN PIE GROSSED 13X BUDGET
- BEST MAN BROUGHT BACK BUDGET ITS OPENING WEEKEND
- BRING IT ON WILL GROSS 6X BUDGET
- ERIN BROCKOVICH GROSSED $255 MILLION WORLDWIDE
- GLADIATOR GROSSING $420 MILLION WORLDWIDE - AND COUNTING!
[ ]===================[ ]===================[ ]====================[ ]
ACQUISITION GREENLIGHTING PRE-PRODUCTION PRODUCTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
RISK
PROTECTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
BECAUSE OF INDUSTRY DYNAMICS, THE
MOTION PICTURE BUSINESS IS
FUNDAMENTALLY A LOW RETURN
BUSINESS. AS A RESULT, WE MANAGE
OUR INVESTMENT RIGOROUSLY.
-------------------------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
----------------------------- ----------------------------------
UPG MANAGES IN ORDER TO HAVE A
ITS SLATE WITHIN FULL SLATE, UPG HAS TO
A CORPORATE MANDATED ========> MAKE CHOICES
PRODUCTION CAP
----------------------------- ----------------------------------
WE CONSIDER A VARIETY OF FINANCING
ARRANGEMENTS IN ORDER TO BALANCE THE
LIMITS OF PRODUCTION SPENDING AGAINST
THE PROPER MIX OF RIGHTS
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
RETAIN WORLDWIDE RIGHTS
-------------------------------------------------------
[THE MUMMY RETURNS POSTER] [JURASSIC PARK III POSTER]
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
STUDIO JOINT VENTURES
-------------------------------------------------------
----------------------------
GLADIATOR [GLADIATOR PHOTO]
A BEAUTIFUL MIND
JOINT VENTURES
WITH DREAMWORKS
BOTH STARRING
RUSSELL CROWE
----------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
OPPORTUNISTIC RIGHTS SALES
-------------------------------------------------------
----------------------------
K-PAX [PHOTO]
ABILITY TO FINANCE
65% OF THE FILM IN
EXCHANGE FOR
INTERNATIONAL TERRITORIES
----------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
CONTINUING BUSINESS RELATIONSHIPS
-------------------------------------------------------
WHICH HAVE THE BENEFIT OF PROVIDING
ONGOING CREATIVE OPPORTUNITIES
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
CONTINUING BUSINESS RELATIONSHIPS
-------------------------------------------------------
UNIVERSAL HAS THE OPTION [BEACON LOGO]
TO ACQUIRE DOMESTIC RIGHTS TO
BEACON'S FILMS FOR LESS
THAN 40% OF THE BUDGET
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
CONTINUING BUSINESS RELATIONSHIPS
-------------------------------------------------------
OUR RELATIONSHIP BROUGHT US: [BEACON LOGO]
- THE SUMMER'S SUPRISE HIT:
BRING IT ON
- THE FAMILY MAN, STARRING
NICOLAS CAGE
- SPY GAME, WITH ROBERT
REDFORD AND BRAD PITT
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
CONTINUING BUSINESS RELATIONSHIPS
-------------------------------------------------------
PREVIOUSLY A JOINT VENTURE WITH [WORKING TITLE FILMS LOGO]
CANAL+ - THAT IS WHOLLY WITHIN
THE VIVENDI UNIVERSAL FAMILY
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
CONTINUING BUSINESS RELATIONSHIPS
-------------------------------------------------------
BROUGHT US NOTTING HILL AND [WORKING TITLE FILMS LOGO]
THE ONGOING PRODUCTION OUTPUT
OF THE MOST SUCCESSFUL OVERSEAS
SUPPLIER OF FILMS
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
CONTINUING BUSINESS RELATIONSHIPS
-------------------------------------------------------
WITH UPCOMING [WORKING TITLE FILMS LOGO]
FILMS TO INCLUDE:
[CAPTAIN CORELLI'S MANDOLIN POSTER] [BRIDGET JONE'S DIARY POSTER]
[BILLY ELLIOTT POSTER] [PHOTO]
[VIVENDI UNIVERSAL LOGO]
<PAGE>
UPG BUILDS FRANCHISES TO PROTECT RISK
FRANCHISES ARE MORE PREDICTIVE
------------------------------------- ----------------------------------------
AUDIENCES ALREADY KNOW ALLOWING US TO CAPTURE
AND LOVE THESE CHARACTERS, COMPETITIVE ADVANTAGE
SO THEY ARE EASIER AND OF BRANDING AND SYNERGY
LESS EXPENSIVE TO RE-INTRODUCE
------------------------------------- ----------------------------------------
IN THE 1990S, [THE MUMMY POSTER] [AMERICAN PIE POSTER]
8 OF 10 UNIVERSAL SEQUELS
WERE PROFITABLE
IN 1999, UNIVERSAL
BUILT 2 NEW FRANCHISES
[VIVENDI UNIVERSAL LOGO]
<PAGE>
UPG BUILDS FRANCHISES TO PROTECT RISK
UNIVERSAL'S BUSINESS PROCESS ALLOWS FOR
EFFECTIVE TURNAROUND OF FRANCHISE
THE COMPETITION WHILE UNIVERSAL IS
IS MIRED IN IN PRODUCTION
DEVELOPMENT
[JURRASIC PARK III POSTER] [AMERICAN PIE POSTER]
---------------------
MIB2
JUMJANJI 2
ZORRO 2
--------------------- [THE MUMMY RETURNS POSTER] [HANNIBAL POSTER]
[VIVENDI UNIVERSAL LOGO]
<PAGE>
LEVERAGING
OPPORTUNITY
ACROSS DIVISIONS
----------------
THE GRINCH
MODEL
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------
IN ORDER TO MAXIMIZE RETURNS, UPG
COORDINATES WITH EVERY BUSINESS UNIT
TO SEEK NEW BUSINESS OPPORTUNITY AND
MAXIMIZE ANCILLARY REVENUE
-------------------------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
CROSS PROMOTING THE GRINCH WAS
A COMPANY-WIDE IMPERATIVE
-------------------------------------
PROMOTIONAL PARTNERS
-------------------------------------
<TABLE>
<S> <C>
[PHOTO]
========> [HERSHEY'S LOGO] [SPRITE LOGO]
[VISA LOGO] [KELLOGG'S LOGO] [WENDY'S LOGO]
[NABISCO LOGO]
[ZIPLOC LOGO] [UNITED STATES POSTAL SERVICE LOGO]
-------------------------------------
OVER $200 MILLION IN SUPPORT
$65 MILLION IN MEDIA
LARGEST PROMOTIONAL CAMPAIGN
OF THE YEAR - AND UNIVERSAL'S
LARGEST CAMPAIGN EVER
-------------------------------------
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
CROSS PROMOTING THE GRINCH WAS
A COMPANY-WIDE IMPERATIVE
-------------------------------------
CONSUMER PRODUCTS
-------------------------------------
[PHOTO] [GRINCH HAT PHOTO] [GRINCH CLOTHING PHOTO]
=========> [GRINCH SNEAKER GRAPHIC]
-------------------------------------
OVER 1,000 PRODUCTS FROM
OVER 100 COMPANIES SOLD IN
RETAILERS AROUND THE WORLD
-------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
CROSS PROMOTING THE GRINCH WAS
A COMPANY-WIDE IMPERATIVE
-------------------------------------
THEME PARKS
-------------------------------------
[PHOTO]
========> [PHOTO]
-------------------------------------
GRINCHMAS AT UNIVERSAL
HUGE DISPLAYS AT ALL THEME
PARKS FOR HOLIDAY '00
-------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
CROSS PROMOTING THE GRINCH WAS
A COMPANY-WIDE IMPERATIVE
-------------------------------------
MUSIC
-------------------------------------
[PHOTO]
========> [THE GRINCH WHO STOLE CHRISTMAS POSTER]
-------------------------------------
SOUNDTRACK FROM INTERSCOPE
FEATURING TOP COUNTRY,
ROCK, HIP HOP AND
ALTERNATIVE ARTISTS
-------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
CROSS PROMOTING THE GRINCH WAS
A COMPANY-WIDE IMPERATIVE
[PHOTO] ------------------------------------
BUT THERE ARE
PIECES MISSING
========>
IN THE FUTURE,
THE DIVISIONS OF
VIVENDI UNIVERSAL
WILL COMPLETE
THE PUZZLE
------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
CROSS PROMOTING THE GRINCH WAS
A COMPANY-WIDE IMPERATIVE
[PHOTO] ------------------------------------
IN THE FUTURE, THIS KIND
OF PROPERTY WOULD BE
========> LEVERAGED ACROSS ALL
OF THE VIVENDI
UNIVERSAL DIVISIONS
- VIZZAI - WIRELESS
- CANAL + - SUBSCRIBERS
- HAVAS - GAMES
------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
LOOKING TO
THE FUTURE
[VIVENDI UNIVERSAL LOGO]
<PAGE>
--------------------------------------- A GLOBAL ORGANIZATION WITH
OVER 1,200 EMPLOYEES.
HERE'S WHO RESPONSIBLE FOR:
WE ARE TODAY - DEVELOPMENT OF THEATRICAL,
MADE FOR VIDEO AND TV
ANIMATION PRODUCT
---------------------------------------
- DOMESTIC AND INTERNATIONAL
PRODUCTION
- WORLDWIDE THEATRICAL AND
VIDEO DISTRIBUTION
- SPECIALTY FILM PRODUCTION,
ACQUISITION AND DISTRIBUTION
[VIVENDI UNIVERSAL LOGO]
<PAGE>
--------------------------------------- REVENUE BREAKDOWN
HERE'S WHO [PIE CHART]
WE ARE TODAY
<TABLE>
--------------------------------------- <CAPTION>
<S> <C>
TELEVISION 25%
OTHER 5%
THEATRICAL 25%
HOME VIDEO 45%
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
--------------------------------------- REVENUE BREAKDOWN
HERE'S WHO [PIE CHART]
WE ARE TODAY
--------------------------------------- THEATRICAL 25%
-------------------------------------
THEATRICAL
55% NORTH AMERICA
45% REST OF WORLD
-------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
--------------------------------------- REVENUE BREAKDOWN
HERE'S WHO [PIE CHART]
WE ARE TODAY
--------------------------------------- HOME VIDEO 45%
-------------------------------------
HOME VIDEO
60% NORTH AMERICA
40% REST OF WORLD
-------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
REVENUE BREAKDOWN
THE MAJORITY OF THE REVENUES
ARE FROM NORTH AMERICA [PIE CHART]
THERE ARE TREMENDOUS
OPPORTUNITIES TO EXPAND HOME VIDEO 45%
OUR REVENUE ACROSS THE
WORLD THROUGH COMBINED
VIVENDI UNIVERSAL ASSETS -------------------------------------
HOME VIDEO
60% NORTH AMERICA
40% REST OF WORLD
-------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
--------------------------------------------------------------------
KEY GROWTH
---------------------------------------------------------------------
THE DVD PLATFORM IS PROVIDING ENORMOUS
ANCILLARY VALUE TO OUR PROPERTIES
[JAWS POSTER] [THE MUMMY POSTER] [GALAXY QUEST POSTER] [END OF DAYS POSTER]
[AMERICAN PIE POSTER] [ERIN BROCKOVICH POSTER] [SAVING PRIVATE RYAN POSTER]
[THE BONE COLLECTOR POSTER]
USHV HAS 8 DVD TITLES SHIPPING OVER
1 MILLION UNITS - MORE THAN ANY OTHER STUDIO
INCLUDING ERIN BROCKOVICH, THE FIRST FEMALE DRIVEN TITLE
TO CROSS THE EXCLUSIVE 1MM UNIT THRESHOLD
[VIVENDI UNIVERSAL LOGO]
<PAGE>
--------------------------------------------------------------------
KEY GROWTH
--------------------------------------------------------------------
--------------------------------------------------------------------------------
- BY END OF FISCAL 2000, USHV DISTRIBUTED 5 OF THE TOP
20 SELLING DVD TITLES OF ALL TITLE
- FY00 FULL YEAR DOMESTIC DVD REVENUE GREW
APPROXIMATELY 90% OVER FY99. Q4 REVENUE WAS UP
NEARLY 140% YEAR OVER YEAR
--------------------------------------------------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
--------------------------------------------------------------------
KEY GROWTH
--------------------------------------------------------------------
OVER 2 MM DVD UNITS HAVE BEEN ORDERED
ON JURASSIC PARK AND LOST WORLD
[JURASSIC PARK POSTER] [THE LOST WORLD POSTER]
AND IN A DVD INDUSTRY FIRST - WE ARE PROVIDING A
HOTLINK TO THE SET OF JURASSIC PARK 3; PROVIDING A
NEW MARKETING TOOL TO REACH A DEDICATED FANBASE
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------------------------
RE-INVENTING OURSELVES IN THE DIGITAL AGE
-------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C>
- CREATING NEW DISTRIBUTION - VIDEO-ON-DEMAND
CHANNELS FOR TRADITIONAL
FEATURE FILM CONTENT
- REDUCING PRODUCTION, - E-CINEMA
MARKETING AND DISTRIBUTION - E-PROCUREMENT
COSTS - EXTRANET ACTIVITIES
(EXHIBITORRELATIONS.COM)
- INCREASE MARKETING ========> - LEVERAGE INTERNET TO MARKET
EFFICIENCY DIRECTLY TO CONSUMERS IN A
MORE TARGETED WAY
- CREATE NEW
PRODUCTS/BUSINESSES AROUND - SOURCING IDEAS AND TALENT ON-
UNIVERSAL'S CORE PRODUCTION LINE
AND MARKETING ACTIVITIES, - OUT-TAKES, BEHIND-THE-SCENES
AND FEATURE FILM LIBRARY FOOTAGE
- CREATIVE MARKETING MATERIALS
- CREATE/INVEST IN NEW - FILM CLIPS (e.g. E-GREETINGS)
CONTENT BUSINESSES THAT
LEVERAGE UNIVERSAL'S - HYPNOTIC.COM - CONTROLLING
PRODUCTION, MARKETING AND INTEREST IN SHORT FILMS FOR
DISTRIBUTION OPERATIONS INTERNET THAT CAN BUILD INTO A
BROADER VERTICAL MOVIE PORTAL
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------------------------
VIVENDI UNIVERSAL SYNERGIES
-------------------------------------------------------------------------
COMBINED, THE PRODUCTION AND DISTRIBUTION SYNERGY POTENTIAL FOR
UNIVERSAL PICTURES AND STUDIO CANAL IS EXPECTED TO DRIVE STRONG
REVENUE GROWTH...
------------------------------------- ----------------------------------------
PRODUCTION SYNERGIES DISTRIBUTION SYNERGIES
- PURSUE CO-PRODUCTION - UTILIZE COMMON THEATRICAL,
OPPORTUNITIES VIDEO AND TV DISTRIBUTION
- COMBINE INTERNATIONAL - ASSUMING DISTRIBUTION OF STUDIO
ACQUISITION EFFORTS CANAL PRODUCT ON VIDEO
- MINE LIBRARIES FOR PRODUCT - ESTABLISH DIRECT DISTRIBUTION
REMAKES INCLUDING FILM, DIRECT- OPERATIONS IN TERRITORIES
TO-VIDEO, AND TV ANIMATION CURRENTLY COVERED BY THIRD
- LEVERAGE UNIVERSAL PRODUCTION PARTIES
ASSETS
------------------------------------- ----------------------------------------
...RESULTING IN AN EXPECTED 10% REVENUE LIFT...IN ADDITION
TO LOWER INVESTMENT SPENDING AND OVERHEAD COST BENEFITS
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------------------------
VIVENDI UNIVERSAL
-------------------------------------------------------------------------
WE WILL ALSO BE LEVERAGING OUR ASSETS
ACROSS ALL THE VIVENDI UNIVERSAL DIVISIONS
SHORT TERM LONG TERM
------------------------------------- ----------------------------------------
UPG WILL ACT AS ENABLER UPG WILL LEVERAGE PRODUCT
- FEEDING PRODUCT INTO ACROSS THE WIDE ARRAY OF
PIPELINE EMERGING PLATFORMS
- ATTRACTING SUBSCRIBERS TO CAPITALIZING ON VIVENDI
VIZZAVI AND CANAL + UNIVERSAL'S FOOTPRINT IN
WIRELESS TECHNOLOGY
------------------------------------- ----------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
IN THIS NEW AND DIVERSIFIED, GLOBAL ENTERTAINMENT COMPANY, UNIVERSAL
PICTURES IS THE CONTENT FOCAL POINT FOR FILMED ENTERTAINMENT
[CONSUMER ENTERTAINMENT ASSETS GRAPIC]
CONSUMER
ENTERTAINMENT ASSETS
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
GLOBAL
DISTRIBUTION
CANAL CANAL + WITH OUR CONTENT
IT IS A COMBINED SATELLITE IN PLACE AND
OPERATION THAT OUR BRETHREN
ONLY WORKS WITH <======= UNIVERSAL =======> LEADING THE
A STRONG PICTURES WAY INTO THE
CORE FEEDING DIGITAL AGE,
THE COMPANY WE ARE CONFIDENT
IN A STRONG AND
SHINING FUTURE AT
HAVAS MARKETING VIZZAVI VIVENDI UNIVERSAL
STUDIO
UNIVERSAL
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
-------------------------------------------------------------------------
SUMMARY
-------------------------------------------------------------------------
RETURN TO PROFITABILITY DRIVE GROWTH FOR THE FUTURE
------------------------------------- ----------------------------------------
CHANGED BUSINESS BUILDING ASSETS ACROSS
FUNDAMENTALS NEW PLATFORMS
- SLATE MANAGEMENT - - DVD -
- PROCESS ACCOUNTABILITY - - DIGITIAL INITIATIVES -
- RIGOROUS RISK MANAGEMENT - - COMBINED SYNERGIES -
-LEVERAGING OPPORTUNITIES -
------------------------------------- ----------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
UPG'S RE-EMERGENCE IS REAL HERE TO STAY
...AND NOW EVEN MORE EXPLOITABLE WITH
THE COMBINED ASSETS OF VIVENDI
UNIVERSAL AND CANAL +
[VIVENDI UNIVERSAL LOGO]
