CTS EVENTIM and Fnac Darty formed a joint venture.

CTS EVENTIM, one of the world's leading providers of ticketing and live entertainment, and Fnac Darty, a European leader in the retail of entertainment and leisure products, formed a joint venture. Financial terms were not disclosed. Enrique Martinez, CEO of Fnac Darty, said: “We are very pleased with this project with CTS Eventim, which is part of our process of implementing our Confiance+ strategic plan and rolling out our platform to partners who are experts in their field. In a rapidly changing market, this value-creating partnership would pave the way for new avenues of development for France Billet, now backed by two major players, and would strengthen its offer and its innovative capacities in a competitive sector. France Billet would take advantage of the know-how and strength of the Fnac brand as well as CTS EVENTIM’s expertise and importance.”