(PresseBox)
(Berlin,
2017-05-03)
DEAG is in advanced negotiations with a UK-Promoter to acquire shares in that company. The acquisition should be carried out in the coming weeks.
The acquisition would mark a significant step in DEAG’s international expansion strategy. As a result of the majority acquisition of another UK Promoter, the sales generated in the UK will increase further through the unique positioning of this Promoter. Similarly, the acquisition should lead to an increase in the DEAG Group’s available annual ticket volume by approximately 400,000 tickets to approximately more than 2.0 million tickets in the UK.
With this move, DEAG is further expanding its already very good market position in the UK with its successful promoters Raymond Gubbay Ltd. and Kilimanjaro Live Ltd. and their planned profitable strong growth for 2018 and beyond. The company expects to generate a profit in the current fiscal year, in the seven-digit range from all ticketing activities in Germany, Austria and above all in the UK combined. In addition, DEAG expects significant synergy effects in the area of artist and program marketing as well as in the purchase of concerts and international presence thanks to the intensified collaboration between its three British promoters and its other international group companies in Austria and Switzerland.
The UK is DEAG’s second major core market after Germany. In order to attract more potential British investors, the company is planning to file for a second listing on the Alternative Investment Market (AIM) of the London Stock Exchange. Further details will be announced in connection with the transaction.
Press release BoxID: 850592 (DEAG Deutsche Entertainment AG)
- DEAG Deutsche Entertainment AG
- Potsdamer Straße 58
- 10785 Berlin
- http://www.deag.de
- Contact person
- Claudius Krause
- +49 (611) 20585528
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DEAG to boost its market expansion in the UK
DEAG Deutsche Entertainment AG
DEAG Deutsche Entertainment AG (DEAG) is an integrated entertainment company and a leading provider of live entertainment in Europe. DEAG produces and profitably organizes a broad range of events and concerts. Its own distribution business, mytic myticket AG, which is also share-held by two large print and TV media companies, increases the company's profitability and scales its business model. DEAG organizes about 2,000 concerts and events a year, selling around 5 million tickets, a steadily increasing part of which is sold via its high-turnover online distribution channel MyTicket. Live events range from rock/pop, festivals (national and international), Classical&Jazz, the strongly growing Family Entertainment division as well as Arts + Exhibitions. The festivals and family entertainment divisions are particularly fundamental for the further development of DEAG's own content. Its network of strong partners allows DEAG to put itself in an excellent market position as an internationally active live entertainment group. DEAG shares (ISIN: DE000A0Z23G6 | WKN: A0Z23G | ERMK) are quoted in the Prime Standard segment of the Frankfurt Stock Exchange, which is the quality segment of the Deutsche Börse, the German stock exchange.
