Vivendi ‘exploring See Tickets sale’
The French media giant is rumoured to be working with advisers on a potential disposal of its ticketing and festival divisions
News By James Hanley | 26 September 2023
French-headquartered media giant Vivendi is reportedly exploring the sale of See Tickets along with its festival division.
According to Sky News, the conglomerate is working with advisers on potentially offloading parts of its Vivendi Village subsidiary, which also includes 11 festivals such as the UK’s Love Supreme and Kite, as well as Garorock in France.
Sources indicate that Vivendi, which announced the partial spin-off of its stake in Universal Music Group in 2021, has concluded its ticketing and festival businesses were not of sufficient scale to compete with the likes of Live Nation and AEG.
The remainder of Vivendi Village’s operations, including Paris’ L’Olympia venue and a cinema chain in Africa, are not believed to be part of the strategic review process, which is expected to…
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