Completion of the sale of Vivendi’s festival and international ticketing activities to CTS EVENTIM
Completion of the sale of Vivendi’s festival and international ticketing activities to CTS EVENTIM Paris/Munich, 6 June 2024 – CTS EVENTIM, a leading international provider of ticketing services and live entertainment, and Vivendi, 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.
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.
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.
PRESS CONTACT CTS EVENTIM Christian Colmorgen PRESS CONTACT Vivendi Jean-Louis Erneux INVESTOR RELATIONS Marco Haeckermann Xavier Le Roy End of Media Release Issuer: CTS Eventim AG & Co. KGaA Key word(s): Enterprise
06.06.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | CTS Eventim AG & Co. KGaA |
Rablstr. 26 | |
81669 München | |
Germany | |
Phone: | 0421/ 3666-0 |
Fax: | 0421/ 3666-290 |
E-mail: | info@eventim.de |
Internet: | www.eventim.de |
ISIN: | DE0005470306 |
WKN: | 547030 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1919989 |
End of News | EQS Media |
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1919989 06.06.2024 CET/CEST