Vivendi’s live entertainment and ticketing arm saw its revenue grow more than 55 per cent during the first half of 2019, according to the French firm’s H1 financial report.
Vivendi Village, which includes Vivendi Ticketing (See Tickets UK and US, France’s Digitick and the Netherlands’ Paylogic), live event producers Olympia Production (France) and U Live (UK), and several music venues across France and Africa, reached a turnover of more than €66m in 2019, up 55.1 per cent year-on-year.
Its live entertainment arm reportedly brought in €34m, which Vivendi credits to the acquisition of French festival Garorock, which saw 160,000 fans at this year’s four-day event.
Vivendi Village now has a ticketing network of 14 offices in eight countries across Europe and the United States.
Vivendi’s group revenues rose by almost 14 per cent to €7.4m during the first six months of 2019, partly due to the growth of Universal Music Group (UMG). UMG revenues were up 18.6 per cent to $3.7 billion in H1 2019, with Ariana Grande, Billie Eilish (pictured) and Queen performing well across streaming and physical sales.
Vivendi confirmed its plan to move forward with plans to sell up to 50 per cent of UMG.
Image: Icebox
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