BREMEN, Germany (CelebrityAccess) — CTS Eventim, the German ticketing and stay occasions firm, introduced the completion of the acquisition of Vivendi’s competition and worldwide ticketing busines.
The deal, which is price €300 million contains Vivendi’s See Tickets platform, which has established itself as athe second larget ticketing platform within the UK and a presence in different European markets, together with Belgium, Denmark, Germany, the Netherlands, Portugal, Switzerland and Spain in addition to the US.
The acquisition additionally features a portfolio of music and stay occasions that features Junction 2 within the UK and Garorock in France. Nevertheless, Vivendi’s live performance and occasion venues, together with L’Olympia in Paris, in addition to See Tickets France and the Brive Pageant, are usually not included within the deal.
Based on Vivendi, the ticketing enterprise generated roughly €105 million with an EBITDA of €26 million, whereas the competition enterprise added roughly €32 million in revenues to Vivendi’s backside line in 2023.
“With See Tickets and the competition enterprise, Vivendi has created two necessary gamers within the subject of ticketing and stay leisure. I wish to thank Vivendi for the productive negotiations which have created a powerful foundation for future success in an trade that’s rising quickly throughout Europe. The acquisition helps our internationalization technique and also will carry quite a few advantages to artists and their administration, as we will now supply an much more seamless service on a world degree. We stay up for actively shaping the way forward for stay leisure with our new colleagues,” acknowledged Klaus-Peterschulenberg, CEO of CTS Eventim in April.