Germany's CTS Eventim and Fnac Darty have finalised negotiations, initiated at the end of July, to merge their ticketing operations in France
Sign up for IQ Index
The latest industry news to your inbox.
The pan-European live entertainment giant is now a majority shareholder in France's largest ticketing company
By Lisa Henderson on 03 Aug 2023
CTS Eventim has become a majority shareholder in France Billet, the largest ticketing company in France.
The pan-European live entertainment giant has acquired a further 17% from Fnac Darty, taking its stake from 48% to 65%.
Fnac Darty, France’s largest retailer of entertainment products, consumer electronics and household appliances, owns the remaining 35% and will continue to “actively support the ticketing business in France through its stores and the Fnac Spectacles brand”.
CTS Eventim has acquired a further 17% from Fnac Darty, taking its stake from 48% to 65%
The transaction, subject to the necessary approval of the competition authorities, is expected to take place within a few months.
CTS Eventim first took a stake in France Billet in November 2019, merging its own French ticketing activities into the partnership.
France Billet, along with subsidiaries Tick&Live and Eventim France, manages 36 million tickets in France through its ticketing technology and services activities.
The company was recently named the official supporter of the Paris 2024 Olympic and Paralympic Games ticketing services.
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.