CTS Eventim completed the acquisition of Vivendi’s festival business and ticketing company, See Tickets, for 300 million euros , Vivendi announced Thursday . The German concert promoter and ticketing company had entered intoThe acquisition includes such festivals as the Junction 2 in the United Kingdom and Garorock in France. Vivendi’s performance hall business, See Tickets France and Brive Festival in France, were not included in the deal.
“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,” said CTS Eventim chief executive CTS Eventim’s ticketing business had revenue of 717.3 million euros in 2023, up 32% from the prior year, with EBITDA of 382.4 million euros , up 47%. Its concert promotion business had revenue of 1.67 billion euros and EBITDA of 111.6 million euros .