02.04.2024 09:35:10 - dpa-AFX: CTS Eventim Set To Buy Vivendi's Festival And International Ticketing Business

PARIS (dpa-AFX) - CTS Eventim AG (CEVMF.PK), a German provider of ticketing
services and live entertainment, and Vivendi SA (VIV.L, VIVEF.PK), a French
media and entertainment firm, have signed a put option deal on the sale of
Vivendi's festival and See Tickets' international ticketing activities.

The financial terms of the transaction, expected to be completed in the coming
months, are not known.

Klaus-Peter Schulenberg, CEO of CTS Eventim, said: ' 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.'

See Tickets provides ticketing services for concerts, trade fairs, sporting
events, and others.

In addition to the UK, the business that CTS Eventim is set to acquire, it also
operates in seven other European countries, and in the U.S.

Globally, See Tickets sold about 44 million tickets in 2023.

Vivendi's ticketing and festival activities that CTS Eventim plans to buy had
collectively recorded revenue of 137 million euros for 2023.

The ticketing business generated roughly 105 million euros of that, with the UK
market responsible for the largest share, followed by its U.S. market.

Post transaction, See Tickets and the festival business will retain their
existing identities and management.

The companies noted that Vivendi's performance hall activities, including
L'Olympia in Paris, as well as See Tickets France and Brive Festival, are not
part of this deal.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
VIVENDI SE INH. EO 5,5 591068 Xetra 9,786 03.05.24 17:35:41 +0,188 +1,96% 0,000 0,000 9,654 9,786

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH