Completion of the Sale of Vivendi’s Festival and International Ticketing Activities to CTS EVENTIM
June 06 2024 - 10:33AM
Business Wire
Regulatory News:
CTS EVENTIM, a leading international provider of ticketing
services and live entertainment, and Vivendi (Paris:VIV), a global
leader in culture, entertainment, media and communications, today
announced that they have completed the sale of Vivendi’s festival
and international ticketing activities. A put option agreement was
signed on 2 April 2024.
The total enterprise value of the transaction is approximately
€300 million.
Vivendi’s ticketing and festival activities acquired by CTS
EVENTIM collectively produced €137 million in revenues in 2023. The
ticketing business generated roughly €105 million of that, with an
EBITDA of €26 million. The UK market was responsible for the
largest share of the revenues, followed by the US market. The
festival business part of the current deal generated an additional
€32 million in revenues.
This transaction offers new development opportunities to
Vivendi’s festival portfolio and See Tickets' international
activities while ensuring maximum continuity for all their
partners. It supports CTS EVENTIM’s internationalization strategy
and will benefit artists and their managers by offering even more
seamless services on a global scale.
Vivendi's performance hall activities, including L'Olympia in
Paris, as well as See Tickets France and Brive Festival, are not
part of this agreement.
About Vivendi
Since 2014, Vivendi has been building a world-class content,
media and communications group. Canal+ Group is a major player in
the creation and distribution of cinema and audiovisual content on
all continents. Lagardère is the world’s third-largest book
publisher for the general public and educational markets and a
leading global player in travel retail. Havas is one of the largest
global communications groups with a presence in more than 100
countries. Vivendi is also active in the magazine business (Prisma
Media) and in video games (Gameloft). It also owns a global digital
content distribution platform (Dailymotion) and a subsidiary
dedicated to providing very high-speed Internet access in Africa
(GVA). Vivendi’s various activities work closely together as an
integrated group committed to transforming its businesses to meet
the expectations of the public and anticipate constant changes. As
a committed group, Vivendi contributes to building more open,
inclusive, and responsible societies by supporting diverse and
inventive creative works, promoting broader access to culture,
education, and its industries, and increasing awareness of 21st
century challenges and opportunities.
About CTS EVENTIM
CTS EVENTIM is the number one provider of ticketing services in
Europe and number two in the world. Over 300 million tickets per
year are marketed using the Company’s systems – through physical
box offices and mobile/online portals. According to Pollstar’s
global rankings for 2023, the EVENTIM Group is the second-biggest
promoter in the world. In addition, CTS EVENTIM operates some of
Europe’s most renowned venues. CTS Eventim AG & Co. KGaA (ISIN
DE 0005470306) has been listed on the stock exchange since 2000 and
is a member of the MDAX segment. In 2023, the Group generated
revenue of EUR 2.4 billion across more than 25 countries.
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PRESS CONTACT CTS EVENTIM
Christian Colmorgen Vice President Corporate Communications
christian.colmorgen@eventim.de
PRESS CONTACT Vivendi
Jean-Louis Erneux Vice President, Press Relations
jean-louis.erneux@vivendi.com
INVESTOR RELATIONS Marco
Haeckermann Vice President, Corporate Development &
Strategy marco.haeckermann@eventim.de
Xavier Le Roy Executive Vice President, Head of Investor
Relations Xavier.leroy@vivendi.com
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