When it comes to Vivendi, the music business’s attention is obviously drawn to key subsidiary Universal Music Group. But what’s often forgotten is that the French conglomerate also owns Seetickets – which had a rather good year in 2014.
Revenue at SeeTickets climbed to €36m in the year according to Vivendi’s latest financials, from €31m in 2013.
The Ticketmaster rival last week revealed a new deal to become HMV’s official ticketing partner in the UK.
SeeTickets, alongside Digitick, Watchever and Wengo, forms part of the ‘Vivendi Village’ business unit at Vivendi. The French firm’s other subsidiaries are UMG, Canal +, GVT and SFR.
Digitick’s revenues climbed from €13m to €15m. Watchever’s were up from €12m to €26m and Wengo’s moved up from €15m to €19m.
Vivendi Village’s overall revenues stood at €96m. In 2013, that figure was €71m. Vivendi Village’s EBITA amounted to -€79 million, compared to -€80 million in 2013. In 2014, it was notably impacted by Watchever’s restructuring charges in Germany (-€44 million).
As previously reported, UMG’s revenues fell 6.7% in 2014. Vivendi’s overall revenues stood at €10.1 billion, down 1.6% compared to €10.25 billion in 2013.
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