12.04.2016
CTS Eventim AG & Co. KGaA DE0005470306
DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM and SONY MUSIC ENTERTAINMENT join forces for ticketing in Latin America
DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Joint Venture
CTS Eventim AG & Co. KGaA: CTS EVENTIM and SONY MUSIC ENTERTAINMENT join
forces for ticketing in Latin America
12.04.2016 / 10:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
PRESS RELEASE
CTS EVENTIM and SONY MUSIC ENTERTAINMENT join forces for ticketing in Latin
America
Joint Venture will launch in Brazil in Q2 2016 with a unique combination of
assets to provide a nationwide ticketing platform for artists and fans
Munich and Miami, 12.04.2016. CTS EVENTIM, the leading European ticketing
services provider, and SONY MUSIC ENTERTAINMENT, the leading music label in
Latin America, have entered into a Joint Venture to provide ticketing
services in Latin America.
The JV will operate locally under the EVENTIM brand and will provide
ticketing systems and related services to concert promoters and venues.
Consumers will be able to purchase tickets through various channels,
including via online and mobile apps. The JV will leverage both EVENTIM's
state-of-the art technology platform and SONY MUSIC's broad range of Latin
American relationships, music assets, and marketing reach.
Currently, CTS EVENTIM is handling the ticketing for the Rio de Janeiro
2016 Summer Olympic Games, which will take place in August this year and
are expected to become the largest ticketed event in Brazil's history. The
Brazilian Eventim entity handling the Rio 2016 ticketing will later become
part of the new JV.
Sony Music Latin America is the market leader throughout the region, with a
roster of Latin superstars including Shakira, Enrique Iglesias, Ricky
Martin and Roberto Carlos amongst many others. Sony Music Brazil is one of
12 operating companies in Latin America, and has been home to the biggest
artists in that country for over six decades.
The JV will begin its Latin American operations in Brazil, during the
second quarter of 2016, and will then expand to other countries in the
region. The Brazil operations will have headquarters in Sao Paulo, with an
additional office in Salvador to service the North/Northeast region. The
Brazil launch has been led jointly by Dr. Frithjof Pils, Director New
Business at EVENTIM, and Fernando Cabral de Mello, Sony Music Latin
America's vice president of strategy. Mr. Cabral de Mello will lead the JV
as CEO.
With its 600 million-plus population and vibrant local talent, Latin
America has grown into a concert stronghold for both local and
international artists, hosting many of the world's biggest concerts, tours
and festivals. Brazil - the largest country in the region with a population
of over 200 million people - experienced tremendous growth in the concert
market over the past decade, driven by a wide array of local talent and a
growing young demographic eager to consume music. The Eventim/Sony Music
partnership seeks to further expand the live music market in Brazil by
providing promoters and fans with a "best in class" ticketing experience,
driven by state-of-the-art technology and service.
"By combining the assets of two of the world's leading players in their
respective fields, we create a nationwide platform for artists, promoters
and venues to reach out to their audiences, and a new standard for music
and event fans to purchase their tickets with maximum transparency, comfort
and safety. We see huge potential in Latin America, and look very much
forward to exploring it together with our partners at SONY" comments
EVENTIM's CEO Klaus-Peter Schulenberg.
Edgar Berger, Chairman and CEO, International of Sony Music Entertainment
added: "We are delighted to be partnering with EVENTIM to build what we
believe will become the premier ticketing company in Latin America. Through
this partnership, we are expanding into new business areas whilst
maintaining our core mission focus to continually provide artists with the
best services and support for their career development."
Afo Verde, Chairman and CEO, Sony Music Latin Region, Spain and Portugal,
comments: "The combination of EVENTIM's expertise in the ticketing business
and Sony Music's experience in music will allow us to create a truly
innovative ticketing experience to benefit artists and their fans. Brazil
is a vast and culturally diverse country, and I look forward to this new
company reaching every corner of this wonderful country and engaging with
every local musical genre."
About EVENTIM:
CTS EVENTIM AG & Co. KGaA, which is listed in the MDAX segment, is Europe's
market leader in the ticketing field, with operations in 26 countries, and
one of the leading providers of live entertainment. More than 120 million
tickets for over 200,000 events are sold annually using systems developed
and marketed by EVENTIM Group.
About Sony Music Entertainment
Sony Music Entertainment is a global recorded music company with a current
roster that includes a broad array of both local artists and international
superstars. The company boasts a vast catalog that comprises some of the
most important recordings in history. It is home to premier record labels
representing music from every genre, including Arista Nashville, Bazmark
Records, Beach Street Records, Black Butter Records, BPG Music, Bystorm
Entertainment, Columbia Nashville, Columbia Records, Day 1, Descendant
Records, Epic Records, Essential Records, Essential Worship, Flying Buddha,
Fo Yo Soul Recordings, Freesolo Entertainment, Kemosabe Records, Latium
Entertainment, Legacy Recordings, Louder Than Life, Masterworks,
Masterworks Broadway, OKeh, Polo Ground Music, Portrait, RCA Inspiration,
RCA Nashville, RCA Records, Relentless Records, Reunion Records, Sony
Classical, Sony Music Latin, Star Time International, Syco Music, Vested in
Culture and Volcano. Sony Music Entertainment is a wholly owned subsidiary
of Sony Corporation of America.
For further information:
Engel & Zimmermann AG, Unternehmensberatung für Kommunikation
Dr. Andreas Bachmeier, Tel. +49 89 8935 633, [email protected]
---------------------------------------------------------------------------
12.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: CTS Eventim AG & Co. KGaA
Dingolfinger Str. 6
81673 München
Germany
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: [email protected]
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
---------------------------------------------------------------------------
453341 12.04.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
CTS Eventim AG & Co. KGaA ISIN: DE0005470306 können Sie bei EQS abrufen
Medien (Film, Musik) , 547030 , EVD , XETR:EVD