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| Eventim Snaps Up Seetickets Germany |
 CTS EVENTIM is pressing further ahead with its successful expansion programme and is now acquiring 100% of Hamburg-based See Tickets Germany GmbH / Ticket Online Group. The share purchase agreement and a 12-year exclusive ticketing contract with Stage Entertainment Germany were signed today. “By making this acquisition, the company is continuing its successful strategy of European expansion. This will further extend our lead on the competition in our core business and adds a number of valuable new events to our musicals segment. This, too, will increase shareholder value on a sustained and long-term basis”, commented Klaus-Peter Schulenberg, CEO of CTS EVENTIM. See Tickets Germany was a member company of See Tickets International BV in Amsterdam, 40% of which belonges to Stage Entertainment BV and 60% of which is held by Parcom, a private-equity group. By acquiring See Tickets Germany, CTS EVENTIM is simultaneously taking over Ticket Online Software GmbH, Ticket Online Sales & Service Center GmbH and Ticket Online Polska Sp zoo, Poland. The purchase price is EUR 145 million. In the fiscal year 2008/2009 the group generated EUR 40.2 million in revenue, a normalised EBITDA of EUR 15.4 million (after correction for revenue effects due to currently agreed conditions) and a reported EBITDA of EUR 13.7 million. In addition to further enhancement of its market leadership and securing an attractive programme of events, the acquisition provides CTS EVENTIM with substantial synergies, currently estimated at more than EUR 15 million per annum in cost savings, primarily as a result of scale effects in ticketing operations. See Tickets Germany: 20 million tickets a year See Tickets Germany sells more than 20 million tickets a year. The company has its head office in Hamburg, as well as regional offices in Berlin, Brunswick, Dortmund, Frankfurt am Main and Munich. Its range of events mainly comprises musicals and cultural events. Tickets are sold not only via the Internet portal at www.ticketonline.com, but also through many partner websites, ticket outlets, travel agencies and hotels. Partnership agreement brings attractive musicals to CTS EVENTIM By making this acquisition, CTS EVENTIM has also secured ticketing access to the attractive musical productions of Stage Entertainment, which has produced worldwide successes such as “The Lion King”, “Mamma Mia”, “Tarzan” and “Holiday on Ice”. CTS EVENTIM has concluded a new and exclusive twelve-year contract with Stage Entertainment. “In future, the attractive musicals produced by Stage Entertainment will also be offered via the sales channels of the EVENTIM Group”, says Schulenberg. CTS EVENTIM achieves sustained upward growth in revenue and earnings CTS EVENTIM is Europe’s market leader in ticketing and one of the leading providers of Live Entertainment. So far, more than 80 million tickets for well over 100,000 events have been sold annually in 20 European countries using systems developed and marketed by the EVENTIM Group. In addition to more than 8,000 stationary ticket outlets throughout Europe, sales via the Internet and especially via the www.eventim.de and www.getgo.de portals are gaining increasing importance. In the current 2010 business year, CTS EVENTIM has already acquired the Swiss Ticketcorner Group and on 1 February launched ticket sales in Great Britain through its own national subsidiary. For the 2010 business year, the Management Board expects the Group “to progress well and to achieve a further improvement in revenue and earnings”. Related Articles: Eventim Tickets are now also on MySpace! A deal between CTS Eventim AG, Europe's market leader in the
primary ticketing market and MySpace, the world's largest music platform will
now have MySpace's users able to buy tickets directly from the primary ticketing
company under http://www.myspace.com/ticketshop.
CTS Eventim Sees Rising Profit Next Year
CTS Eventim, Europe's main player in the primary ticket market which also provides live entertainment, is confident of growing both its sales and profit next year despite the economic crisis, its chief executive told Boersen-Zeitung on Saturday.
Seatwave on growth course in Germany Seatwave has increased its ticket sales in Germany in the third quarter of 2009 to 124 percent compared to third quarter last year, according to a recent German press release. In particular, the number first time vendors increased by 243 percent over the same period last year.
CTS Eventim Moves Into Swiss Market German ticket marketer CTS Eventim and Swiss media company
Ringier have agreed to form a joint venture.
The new company will be known as Eventim CH AG and will begin business in
February 2010.
Exclusive Black Eyed Peas Concert in Germany It seems the world can't get enough of the perennially popular Black Eyed Peas and the band have come up with a special treat for their German fans in the shape of an exclusive concert in Berlin on May 15th.
During their performance on German television show, "Wetten, dass?, the Peas announced... Ticketmaster, Live Nation Merger Approval Challenged by CTS Eventim in UK CTS Eventim has formerly challenged UK approval (which was recently reversed from Nay to Yea) of a possible merger between Ticketmaster Entertainment and Live Nation, and stated its concerns were not given proper hearing by U.K.’s Competition Commission, the antitrust authorities.
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