16.03.2016
CTS Eventim AG & Co. KGaA DE0005470306
DGAP-News: CTS Eventim AG & Co. KGaA: Egmont and CTS EVENTIM create joint Scandinavian ticketing operator
DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Joint Venture
CTS Eventim AG & Co. KGaA: Egmont and CTS EVENTIM create joint Scandinavian
ticketing operator
16.03.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Egmont and CTS EVENTIM create joint Scandinavian ticketing operator
Egmont-owned Nordisk Film takes its ticketing company Venuepoint to the
next level by joining forces with European market leader CTS EVENTIM.
Munich/Copenhagen, 16.03.2016: Nordisk Film, owned by Danish media company
Egmont, and CTS EVENTIM of Germany, the second largest ticketing services
provider in the world and market leader in Europe, have entered into a
cooperation to create a leading Scandinavian ticketing operator.
Nordisk Film will merge its ticketing company Venuepoint, which among
others runs Billetlugen in Denmark, with CTS EVENTIM's Swedish operation.
The new joint venture will be owned on a 50/50 basis by the two parties,
with CTS EVENTIM consolidating revenues and earnings. It will be operating
in Denmark, Sweden and Norway with regional headquarters in Copenhagen.
"Four years ago, we bought Venuepoint and have seen a revenue growth of
more than 70% since then. But we have all the time aspired for an even
stronger position. Creating a Joint Venture with CTS EVENTIM will take the
ticketing operation to the next level securing further Scandinavian growth
and market innovation", says Christian Folden Lund, Digital Director of
Nordisk Film.
"At Venuepoint, we have a deep understanding of our local markets and a
loyal and ever growing client base. Partnering with CTS EVENTIM means that
we will be able to provide a new range of state-of-the art technical
solutions, products and services to our customers", says Christoffer
Feilberg, CEO of Venuepoint.
"In Egmont, with their broad portfolio of publishing, TV and cinema
business and large existing customer data base, we have found the perfect
partner in Scandinavia. Venuepoint is a well-established player with a
proven business model and big growth potential. We look forward to
introducing our market leading technology to the Danish and Norwegian
markets with Venuepoint and expanding our market position in Sweden
together", says Alexander Ruoff, COO of CTS EVENTIM.
About Egmont and Venuepoint
Venuepoint is owned by Nordisk Film, which is a part of Egmont, Denmark's
largest media company. Venuepoint owns ticket portals in Denmark, Sweden
and Norway and develops the ticketing system Venuepoint. The company has
approximately 55 employees and its headquarter is based in Copenhagen.
About CTS EVENTIM
MDAX listed CTS EVENTIM AG & Co. KGaA (ISIN DE 0005470306) is Europe's
market leader in the ticketing field with activities in 24 countries. More
than 120 million tickets for more than 200,000 events are marketed annually
via Eventim group systems. In addition to more than 20,000 stationary
outlets in Europe, Eventim distributes tickets via online platforms and
call centres. Among others, EVENTIM group operates the online portals
eventim.de, oeticket.com, ticketcorner.ch, ticketone.it, lippu.fi and
entradas.com.
For further information:
Engel & Zimmermann AG, Unternehmensberatung für Kommunikation
Dr. Andreas Bachmeier, Tel. +49 89 8935 633, [email protected]
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16.03.2016 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
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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
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