CTS Eventim completes Vivendi deal

CTS Eventim and Vivendi 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. The parties said that the 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 Eventims’s internationalisation 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.