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Live and ticketing boost for Vivendi

World News
April 1, 2019

WORLD               

FRENCH MEDIA conglomerate Vivendi’s ticketing division sold more than 20 million tickets last year, across its European and North American operations, with Vivendi Ticketing (VT) revenue up 9.9 per cent to €58m ($65m), compared with 2017.

Vivendi, which owns Universal Music Group (UMG), acquired ticketing operation Paylogic in the Netherlands in April 2018 through it’s UK-based  See Tickets, and VT’s activities now span Belgium, France, Germany, the Netherlands, Spain, the UK and US.

Live music division, Vivendi Village (VV) saw revenue up 12.6 per cent to €123m ($138m) on the previous year. VV includes VT, event producers Vivendi Talents & Live and promoter Olympia Production, which owns four festivals and two venues in France including L’Olympia (2,000) in Paris.

Olympia Production promoted 1,200 shows last year, a 50 per cent increase on 2017, helping overall production and promotion activities generate €34m ($38m), an increase of 94.9 per cent on 2017.

UMG revenues amounted to €6.023 billion ($6.780bn) during the same period, up 10 per cent on the previous year, while Vivendi’s overall revenues for 2018 amounted to €13.932bn ($15.683bn), compared to €12.51bn ($14.092bn) in 2017 – an increase of 11.3 per cent.

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