Industry News

Ticketing boosts Vivendi Village in H1 

Ticketing has been a major player in helping Vivendi’s Vivendi Village division turn over €52m in the first six months of 2018.

Vivendi Village, which includes Vivendi Ticketing, live event producers Vivendi Talents&Live and Olympia Production, and several music venues and festivals, saw a slight decline from 2017 when it earned €56m. However, the 2018 figure includes the cost of the acquisitions of Paylogic and ad agency Havas.

The companies that fall under the Vivendi Ticketing umbrella includes See Tickets UK and US, Digitick and Paylogic.

Vivendi Ticketing’s acquisition of Paylogic accounts for half of Vivendi Village’s revenues, while total live revenues grew 36.7 per cent year on year. It generates ticket sales in excess of 20 million annually.

According to the financial report: “[Vivendi has a] strong and complementary presence in three major markets: it is a leading player in the UK, it offers significant opportunities for synergies in Continental Europe and it is strongly growing as challenger in the US.”

Vivendi’s festivals, including France’s Les Déferlantes, Brive Festival and Live au Campo, saw attendance rates grow by 17 per cent, 30 per cent and 15 per cent, respectively.

Vivendi is reportedly looking to further expansion in the French festival market with the rumoured acquisition of Garorock and the launch of a new event in Limoges in 2019.

Overall, Vivendi recorded revenues of €6,463m in the first six months of 2018, which is up 18.3 per cent from 2017.

Image: Josh Sorenson