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Strong quarter for live as Vivendi turnover up 6%

The French conglomerate's ticketing and live entertainment subsidiaries reported another strong quarter – although, unlike in Q2, Universal Music Group was the real star

By Jon Chapple on 10 Nov 2016

Puggy, Olympia, Paris, Vivendi Village, Kmeron

Belgian band Puggy at Vivendi's Olympia in Paris


image © Kmeron

Strong growth from its live and ticketing operations helped Vivendi increase turnover by 5.9% in the three months ending 30 September, its third-quarter (Q3) results reveal.

Revenues from Vivendi Village – the subsidiary that includes the French multinational’s ticketing operations (See Tickets and Digitick), live event producer Vivendi Talents&Live and the 1,772-cap. Olympia venue in Paris – grew from €22 million in Q3 2015 to €24m; an increase of 5.8%, or 12.1% on a constant-currency basis (eliminating the effects of exchange-rate fluctuations).

Vivendi’s Q3 financial report also reveals its €159m acquisition in April of a 15% stake in French retail group Fnac will serve as the basis for “increased co-operation in live events […] and in ticketing in certain countries by teaming up with Vivendi Ticketing”.

Revenues from Vivendi Village grew from €22 million to €24m – an increase of 12.1% on a constant-currency basis

Unlike in Q2, however – when Vivendi Village vastly outgrew recorded music giant Universal Music Group (UMG) – it was UMG’s time to shine in Q3, with impressive 10.8% growth to €1.308 billion.

This can be attributed to new “agreements with streaming players ranging from Pandora to iHeartMedia to Amazon” and the “expansion of streaming [into] a number of emerging markets, including China, Russia, Brazil and Africa”.

 


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