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
JORGEN LARSEN
CHAIRMAN AND
CHIEF EXECUTIVE OFFICER
UNIVERSAL MUSIC INTERNATIONAL
[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>
UNIVERSAL MUSIC INTERNATIONAL
- Snapshot of 5 key International markets
- Geographic coverage/expansion plans
- Importance of domestic/"local" repertoire
- Key obligations of international subsidiary
- Major issues, initiatives
[VIVENDI UNIVERSAL LOGO]
<PAGE>
WHERE ARE WE?
[GRAPHIC OF WORLD MAP]
Whole or majority owned subsidiaries in 61 of 193 countries
[VIVENDI UNIVERSAL LOGO]
<PAGE>
SNAPSHOT OF MAJOR MARKETS
<TABLE>
<CAPTION>
% OF WORLD MARKET SHARE
MARKET %
<S> <C> <C>
US 37.0 26.4
Canada 2.3 23.1
----- -----
North America 39.3 26.2
----- -----
Japan 16.7 10.1
UK 7.6 24.3
Germany 7.4 22.6
France 5.2 33.1
Brazil 1.7 25.9
----- -----
38.6 19.1
----- -----
56 Other Countries 22.1 18.7
----- -----
Total 100.0 21.8
===== =====
</TABLE>
[VIVENDI UNIVERSAL LOGO]
<PAGE>
RECENT OR STRATEGIC ENTRY
Population & Percent of World Population
<TABLE>
<CAPTION>
Million %
------- --------
<S> <C> <C>
India 976 17
China 1,255 21
Russia (strategic) 147 3
Middle East/ North Africa 240 4
2,618 45
------- --------
</TABLE>
(Est. World Population 1998: 5.9 Billion)
[VIVENDI UNIVERSAL LOGO]
<PAGE>
EXPANSION
- Middle East
- Turkey
- Lebanon
- Saudi TOTAL
- Dubai [Arrow MARKET [Arrow INDIA
- UAE Graphic] $300M Graphic]
- Egypt
- Ex-French
North Africa
[VIVENDI UNIVERSAL LOGO]
<PAGE>
WHAT DOES IT REALLY LOOK LIKE OUT THERE?
[PHOTO OF TWO MEN & TWO WOMEN]
[VIVENDI UNIVERSAL LOGO]
<PAGE>
MAJOR DOMESTIC ARTISTS OUTSIDE NORTH AMERICA
- ABBA (Sweden)
- Aqua (Denmark)
- Rammstein (Germany)
- Andrea Bocelli (Italy)
- U2 (UK)
- Johnny Hallyday (France)
- Rosana
(Spain)
- Jose Feliciano
(Puerto Rico)
- Jacky Cheung
(Hong Kong)
- Sandy & Junior
(Brazil)
[VIVENDI UNIVERSAL LOGO]
<PAGE>
% LOCAL REPERTOIRE
<TABLE>
<CAPTION>
5 Key Markets %
----------------------- -----------------
<S> <C>
Japan 77
UK 49
Germany 43
France 53
Brazil 73
</TABLE>
(Source: IFPI)
[VIVENDI UNIVERSAL LOGO]
<PAGE>
THREE MAJOR OBLIGATIONS OF EACH SUBSIDIARY
- Powerful marketing machine for truly global artists - often of US/UK
origin
- Local investment in and success with domestic artists
- Selective crossborder marketing of successful local artists -
regardless of style and language
[VIVENDI UNIVERSAL LOGO]
<PAGE>
GLOBAL ARTISTS
[GRAPHIC OF SHANIA TWAIN "COME ON OVER" ALBUM]
Shania Twain
------------
"Come on Over"
Total sales 10m
Previous album
sales less than 1m
[GRAPHIC OF BON JOVI "CRUSH" ALBUM]
Bon Jovi
--------
"Crush"
Released 5/00
Sales to date 5m
Est. sales 12/01 10m
[GRAPHIC OF EMINEM "MARSHALL MATHERS" ALBUM]
Eminem
------
"Marshall Mathers"
Released 5/00
Sales to date 2.5m
Est. sales 6/01 6m
[VIVENDI UNIVERSAL LOGO]
<PAGE>
MAJOR ISSUES/INITIATIVES
[CHECK MARK] Geographic expansion
[CHECK MARK] Global Marketing
- Pricing
- Catalog/UM3
- Manufacturing & Distribution
(trend away from physical product)
- e-business / i-activities
[VIVENDI UNIVERSAL LOGO]
<PAGE>
EURO PRICE HARMONIZATION - PRICE TO DEALER
[CHART OF TOP PRICE AS AT SEPTEMBER 2000]
Current PPD (euro)
<TABLE>
<S> <C>
UK* 14.54
France 13.22
Finland 13.19
Norway* 12.95
Italy 12.9
Switzerland* 12.86
Portugal 12.84
Sweden* 12.75
Denmark 12.74
Belgium 12.64
Spain 12.62
Germany 12.58
Austria 12.57
Netherlands 12.56
Ireland 12.2
Greece 12.16
</TABLE>
Source: UMI reported PPDs, Euro figures based on August 2000 exchange rates
Note: Some of the price changes observed for countries marked with a * are due
to exchange rate fluctuations between the Euro and local currencies
[VIVENDI UNIVERSAL LOGO]
<PAGE>
UM3
- Catalogue exploitation
- Compilations/TV advertised product
- Commercial and consumer marketing
--------------------------------------------------------------------------------
Aim is to increase from 30% to 40% of total business
--------------------------------------------------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
MANUFACTURING AND DISTRIBUTION
- Stand-alone
- Joint venture
- Outsourcing
- Vivendi synergies
--------------------------------------------------------------------------------
Restructuring is required in view of future technological changes
--------------------------------------------------------------------------------
[VIVENDI UNIVERSAL LOGO]
<PAGE>
E-BUSINESS
- Existing Vivendi expertise
- Local language initiatives
- Provide artists with e-space services and presence
[VIVENDI UNIVERSAL LOGO]
<PAGE>
[GRAPHIC OF UNIVERSAL LOGO]
UNIVERSAL MUSIC GROUP
[VIVENDI UNIVERSAL LOGO]
