Vivendi grows ticketing, live revenue in Q1
The ticketing and live entertainment divisions of French conglomerate Vivendi recorded steady growth for Q1 2019, aided by the acquisition of Paylogic and festivals
News By | 15 April 2019
Vivendi Village (VV), the division of French media giant Vivendi related to live entertainment, has recorded a strong first financial quarter for 2019, with particular growth in ticketing revenues.
The Vivendi subsidiary includes ticketing operations See Tickets, Digitick and Paylogic, as well as live event producers Vivendi Talents & Live and promoter Olympia Production, which owns festivals and venues in France, the UK and Africa.
Overall VV revenues were up 0.4% from the first quarter of 2018 and 16.4% at constant currency and perimeter, which reflects the impact of the acquisition of ticketing technology platform Paylogic in April last year.
Ticketing revenues amounted to €15m, an increase of 38.3% compared to the first quarter of 2018. The company attributes the success to the acquisition of Paylogic, which enabled further expansion…
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