Vivendi Village brings in stable €31m during first quarter of 2024

Featured Image: Mark Angelo Sampan

Mass media conglomerate Vivendi’s first quarter revenue reached €4.3bn (£3.7bn/$4.6bn), including €31m for its Vivendi Village subsidiary. 

Vivendi Village encompasses the Paris-headquartered company’s festival, venue and ticketing activities, with €31m a slight drop on last year’s €33m figure in the first quarter.

Earlier this month, it was announced that live entertainment and ticketing business CTS Eventim had signed a put option agreement for the sale of Vivendi’s festival and international ticketing activities. This included See Tickets, UK festival Junction 2, French festival Garorock and more.

The transaction is expected to close in the coming months following consultation with the relevant employee representative bodies.

Vivendi’s concert hall activities, including L’Olympia in Paris, as well as See Tickets France and the Brive Festival, are not included in the agreement.

During the first quarter of 2024, L’Olympia hosted 85 shows including Florence Foresti and Laura Felpin in comedy, L’Hommage à Jane Birkin, concerts by MC Solaar, Air, IAM, The Pixies, Kim Petras and Reneé Rapp, as well as the 49th César Awards ceremony.

Last year, Vivendi’s ticketing and festival activities generated roughly €137m. Ticketing made up €105m of the figure, while the festival business that is part of the deal between Eventim and Vivendi brought in an additional €32m.