Proposed Sale of Vivendi’s Festival and International Ticketing Activities to CTS EVENTIM
April 02 2024 - 2:06AM
Business Wire
- The two companies today announced that they have signed a
put option agreement.
- The proposed sale will offer new development opportunities
to Vivendi’s festival portfolio and See Tickets' international
activities while ensuring maximum continuity for all their
partners.
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, have
signed a put option agreement on the sale of Vivendi’s festival and
international ticketing activities. The transaction should be
completed in the coming months after consultation of the employee
representative bodies concerned.
Hala Bavière, CEO of Vivendi Village and member of the
Executive Committee of Vivendi: “I am proud of what has been
accomplished over more than a decade and extremely grateful for the
strong dedication of all the teams involved. We at Vivendi are
convinced that CTS EVENTIM will be the right company to bring our
ticketing and festival activities to new heights, supporting See
Tickets to remain a state-of-the-art company in services and
technology, while fostering the growth of the festivals and
preserving their unique identities and audience.”
Klaus-Peter Schulenberg, CEO, CTS EVENTIM: “With See
Tickets and its festival operations, Vivendi has established two
notable players in the ticketing and live entertainment sector. I’d
like to thank Vivendi for the productive negotiations, which have
created a strong foundation for success in an industry enjoying
robust growth across Europe. The acquisition supports our
internationalization strategy and will also benefit artists and
their managers, as we will be able to offer even more seamless
services on a global scale. We look forward to collaborating with
our new colleagues on shaping the future of live
entertainment.”
See Tickets is a well-respected, major player in the industry:
As the number two ticketing provider in the UK and a successful
actor in other markets, it provides comprehensive ticketing
services for concerts, trade fairs, sporting events and more. In
addition to the UK, the business that CTS EVENTIM is set to acquire
also operates in seven other countries in Europe (Belgium, Denmark,
Germany, the Netherlands, Portugal, Spain, and Switzerland), and in
the US. Globally, See Tickets sold about 44 million tickets in
2023.
Vivendi has also created a diverse portfolio of highly curated
music and live events that deliver a superb fan experience through
a strong identity and unique brand. The festivals include Junction
2 in the UK and Garorock in France.
Vivendi’s ticketing and festival activities that CTS EVENTIM is
set to acquire collectively produced €137 million in revenues in
2023. The ticketing business generated roughly €105 million of
that, with the UK market responsible for the largest share,
followed by its US market. The festival business that is part of
the current deal generated an additional €32 million.
With CTS EVENTIM, Vivendi has found a fitting new home for its
festival and international ticketing activities. The German company
is the number one provider of ticketing and live entertainment
services in Europe and number two in the world. It works
passionately with promoters and artists to create exceptional live
entertainment for fans worldwide – from global tours and regional
concerts to major sporting events. The EVENTIM LIVE network, with
39 members, is the largest festival promoter in Europe. CTS EVENTIM
has been in the festival business for many years, and is committed
to continually expanding this vibrant segment.
The transaction will ensure maximum continuity for staff,
partners, the festivals themselves and the regions where they are
held. Both See Tickets and the festival business will retain their
existing identities and management.
In line with its transformation strategy, Vivendi ensured
internal and external growth of its ticketing and festival
activities, adapting them to the latest customer and audience
expectations. These assets are now ready to enter a new stage in
their development with a Europe-based company that has a major
presence in the global live entertainment sector.
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), video games (Gameloft) and live entertainment and ticketing
(Vivendi Village). 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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