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CTS Eventim to Buy Vivendi’s Ticketing & Events Businesses
CTS Eventim is set to buy Vivendi's ticketing and events businesses, including the U.K.'s See Tickets and the Junction 2 and Garorock music festivals.
“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 Klaus-Peter Schulenberg in a statement. Vivendi will retain its stake in the performance hall L’Olympia in Paris, See Tickets France and the Brive Festival. “We at Vivendi are convinced that CTS Eventim will be the right company to bring our ticketing and festival activities to new heights, supporting See Tickets to remain a state-of-the-art company … while fostering the growth of the festivals and preserving their unique identities and audience,” said Hala Bavière, CEO of Vivendi Village, in a statement.
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