ILMC 30 SL
eps Super Leaderboard 2017
LN Source SL
Ticketmaster ILMC 30 SL
x

The latest industry news to your inbox.

news

Vivendi H1: Ticketing grows as African venue network expands

Vivendi saw a strong start to 2017 for its live entertainment division, Vivendi Village, with growth in ticketing revenues and more CanalOlympia venues in west Africa

By Jon Chapple on 01 Sep 2017

CanalOlympia venue, Niamey, Niger, Vivendi

Vivendi's outdoor CanalOlympia venue in Niamey, Niger, which opened in February


image © Vivendi

Vivendi’s ticketing businesses continued to display what the company calls a “dynamic performance” in H1 2017, earning the French media giant €27 million in the first six months of the year.

That’s a 16.5% increase on the same period in 2016, and comes amid strong growth for the company’s Vivendi Village subsidiary – which includes Vivendi Ticketing (See Tickets UK, See Tickets US and France’s Digitick); events producers Vivendi Talents&Live, Olympia Production and Festival Production; and Vivendi’s music and entertainment venues – as a whole.

Vivendi Village’s H1 2017 revenues topped €56m – up 7.9% – although EBITA (earnings before interest, taxes and amortisation) fell to -€9m, from -€4m in H1 2016, due to “investment costs”, according to its latest balance sheets.

These investment costs include opening more venues in Africa: its sixth entertainment and film venue in Senegal launched in May, while two more, in Togo and Benin, are due to open their doors in September.

Recorded-music revenue, from Universal Music Group, climbed 7.8% to €5.44bn – helped along by ‘Despacito’, by UMG Latin America artist Luis Fonsi, which last month became the most-streamed song of all time, clocking up 4.6bn streams in six months.

 


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.

More news

Vivendi opens host of venues in Africa The venues will be first used to screen 18 films per week over six days. Concerts by African and international artists will be booked at a later...stage, the organisation of which will be led by Vivendi’s record label, Universal Music Group.
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
Vivendi buys Flavorus from SFX Vivendi Ticketing, which owns See Tickets and French platform Digitick, will pay cash-strapped SFX Entertainment $4m for its ticketing arm
SMG results ”validation of how far New Orleans has... SMG's New Orleans venues have had a record-breaking 12 months, shifting $40m+ worth of tickets for live music events
European arenas see strong music growth in 2016 Bolstered by four new members, concert attendance grew 11% at NAA and EAA's 52 venues in 2016, with family and sports events (especially on ice) also...faring strongly