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 13, 2000
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[VIVENDI UNIVERSAL GRAPHIC]
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ZACH HOROWITZ
President and
Chief Operating Officer
Universal Music Group
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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.
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MUSIC IS A VERY
GOOD BUSINESS
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[CD GRAPHIC]
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[CD GRAPHIC]
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[CD GRAPHIC]
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MUSIC BUSINESS
Building Blocks of a Strong Business
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MUSIC BUSINESS
Building Blocks of a Strong Business
- Long term contracts
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MUSIC BUSINESS
Building Blocks of a Strong Business
- Long term contracts
- Built in sequel rights
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[SHANIA TWAIN GRAPHIC] [SHANIA TWAIN GRAPHIC] [SHANIA TWAIN GRAPHIC]
THIRD SECOND FIRST
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MUSIC BUSINESS
Building Blocks of a Strong Business
- Long term contracts
- Built in sequel rights
- Multiple opportunities to break an album
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MUSIC BUSINESS
Building Blocks of a Strong Business
- Long term contracts
- Built in sequel rights
- Multiple opportunities to break an album
- Cross-recoupment of album
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MUSIC BUSINESS
Building Blocks of a Strong Business
- Long term contracts
- Built in sequel rights
- Multiple opportunities to break an album
- Cross-recoupment of album
- Attractive "risk profile"
- Well-diversified portfolio
- Attractive margins
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ATTRACTIVE MARGINS
[CD CHART] $4.00
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[AQUA GRAPHIC]
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[REPORT GRAPHIC]
[BAR CHART]
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MUSIC BUSINESS
Building Blocks of a Strong Business
- Long term contracts
- Built in sequel rights
- Multiple opportunities to break an album
- Cross-recoupment of album
- Attractive "risk profile"
- Well-diversified portfolio
- Attractive margins
- Own the masters
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[BOB MARLEY CDs GRAPHIC]
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BOB MARLEY
Annual Catalog Sales - 1992 to Present
(Units in Millions)
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
3.7
3.1
2.9
2.6
2.4
2.2 2.2
2.0 2.0
1992 1993 1994 1995 1996 1997 1998 1999 2000
YTD
</TABLE>
Average ongoing sales of catalog every 12 months of 2.5M
units yielding $10.0M of annual contribution
*Source: Soundscan and UMG SPBD Analysis
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[VARIOUS ARTISTS GRAPHIC]
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CATALOG
International Bestsellers
-------------------------
ABBA (Sweden)
Bee Gees (UK)
Bob Marley & The Wailers (UK)
Johnny Hallyday (France)
Elton John (UK)
Luciano Pavarotti (Italy)
U2 (UK)
Rod Stewart (UK)
Caetano Veloso (Brazil)
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UNIVERSAL MUSIC
PUBLISHING GROUP
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MUSIC PUBLISHING
Publisher Earns Revenue from
Every Use of Song
Records Concerts Commercials
Radio Restaurants Sheet Music
TV Film Web
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MUSIC PUBLISHING
Publisher Earns Revenue from
Every Use of Song
[COW GRAPHIC]
"Vache a Lait"
Records Concerts Commercials
Radio Restaurants Sheet Music
TV Film Web
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UNIVERSAL MUSIC PUBLISHING GROUP
Evergreens
"I Will Survive"
"Strangers in the Night"
"Candle in the Wind"
"California Dreamin"
"Do Wah Diddy Diddy"
"Boogie Woogie Bugle Boy"
"Macarthur Park"
"The Girl From Ipanema"
"Don't Cry For Me Argentina"
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<CAPTION>
Evergreens of Tomorrow
<S> <C>
No Doubt: "Don't Speak"
Alanis Morissette: "You Ought to Know"
Eric Clapton: "Change The World"
Shania Twain: "You're Still The One"
Ricky Martin: "Livin La Vida Loca"
Michael Jackson: "Man in the Mirror"
Celine Dion: "To Love You More"
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MUSIC PUBLISHING PROFITS
"I Will Survive"
($in millions)
<TABLE>
<CAPTION>
10 Year
Earnings
1999 Summary
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<S> <C> <C>
Mechanical $ 519,437 $2,850,515
Performance $ 272,331 $1,340,460
Synchronization $ 108,853 $1,042,424
Other $ 17,743 $ 74,694
(Print, Karaoke, Rental)
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Total $ 918,364 $5,308,093
</TABLE>
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MUSIC BUSINESS
"Best of all Possible Businesses"
- Uses of music are increasing
- Universal Music Group is uniquely positioned
- Talented executive team
- Outstanding catalog
- Incomparable artists
- Long-term contracts
- Market leadership
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UNIVERSAL MUSIC GROUP
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UNIVERSAL MUSIC
PUBLISHING GROUP
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