CTS Eventim

Last updated

CTS Eventim AG & Co. KGaA
Company type Kommanditgesellschaft auf Aktien with Aktiengesellschaft as general partner
FWB:  EVD
MDAX component
ISIN DE0005470306  OOjs UI icon edit-ltr-progressive.svg
IndustryTicketing & Live Entertainment
FoundedNovember 4, 1989;34 years ago (1989-11-04) in Munich, Germany
FoundersMarcel Avram, Matthias Hoffmann
Headquarters,
Key people
Klaus-Peter Schulenberg (CEO)
Andreas Grandinger (CFO)
Alexander Ruoff (COO)
Parent KPS-Holding GmbH
Website corporate.eventim.de

CTS Eventim is a German company in the leisure-events market, with ticketing and live entertainment, headquartered in Bremen. [1] It is one of the 50 companies comprising the MDAX index.

Contents

History

Waldbuhne, Berlin Berlin waldbuehne 2019 aerial view.jpg
Waldbühne, Berlin

CTS Computer Ticket Service GmbH was founded by Munich-based concert promoters Marcel Avram and Matthias Hoffmann on 4 November 1989. It was acquired in 1996 by Klaus-Peter Schulenberg. [2] [3] Schulenberg took the company partially public on 1 February 2000 on the Frankfurt stock exchange. [4] That same year, the company entered into the live entertainment market with the partial acquisitions of several German concert promoters, such as Marek Lieberberg Konzertagentur, Peter Rieger Konzertagentur, Semmel Concerts, Argo Konzerte, FKP Scorpio, and Dirk Becker Entertainment. [5] Over the years, CTS Eventim would acquire several other ticketing and live entertainment companies, including Austrian promoter Barracuda Music (71% in 2017), Italian promoters Vertigo (51% in 2017) and Friends & Partners (60% in 2017), Holiday on Ice (50% in 2014 followed by a complete acquisition in 2016), Ticket Online (100% in 2010) and Stage Entertainment's remaining ticketing companies in France, Spain and the Netherlands (100% in 2014). [6] [7] [8] [9]

Together with other sponsors, CTS Eventim ensured the long-term continuation of the Kontaktstudiengang Popularmusik at the Hochschule für Musik und Theater Hamburg since 2008, now known as Eventim Popkurz. [10]

Lanxess Arena, Cologne Night Of Light - Koln - Lanxess Arena.jpg
Lanxess Arena, Cologne

In the late 2000's the company started operating several venues, starting with the Waldbühne in Berlin. [11]

The company diversified its ticketing operations in 2015 when it acquired 51% of the German-based Kinoheld, a company that specialises in ticket sales for cinemas. The ownership was raised in 2018 to 100%. [12]

In November 2019, CTS Eventim's revenue exceeded €1 billion for the first time in a nine-month period, and the share price had risen 60% that year to reach a market capitalisation of €5.2 billion. [13]

Eventim France and France Billet merged their French activities in 2019, in the new company Eventim will hold a 48% of the shares with a possibility of raising the ownership in the coming years. [14] The company also merged its Swiss subsidiaries in 2020 with Gadget Entertainment AG and Wepromote Entertainment Group Switzerland AG, taking a 60% share in the new company named Gadget abc Entertainment Group AG. [15]

On 21 February 2020 it was announced that the company would enter the US market via a joint venture with Michael Cohl. [16]

In July 2021, CTS Eventim launched Eventim Live Asia. [17] In August 2021, the company announced plans to construct Italy's largest multipurpose arena, which is due to be completed in fall 2022.[ needs update ] [18]

Assets

Ticketing

CTS Eventim (co-)owns several ticketing companies in 21 countries, using various brands. [lower-alpha 1] [19] [20]

Austrian brand Oeticket Logo.jpg
Austrian brand
Hammersmith Apollo, London Hammersmith Apollo 05.JPG
Hammersmith Apollo, London

Live entertainment

CTS Eventim holds shares in several live entertainment companies via two subsidiaries. [19] [20]

Eventim Live GmbH 94.4%

  • FKP Scorpio Konzertproduktionen 50.2%
    • CRP Konzertagentur 50.2%
    • FKP Scorpia
    • FKP Poland
    • ESK Events 50%
    • Friendly Fire
    • FKP Scorpio Nordic 90%
      • FKP Sweden 51%
        • Woah Dad! Live
      • FKP Norway 91%
      • Fullsteam
        • Seinajoki Festivals 65%
    • Palazzo
  • Holiday On Ice
  • Gadget abc Entertainment Group AG 60% [15]
    • ABC Production
    • Gadget Entertainment
  • Eventimpresents
    • Vaddi Concerts
    • Seekers Event 51,1%
    • Promoters Group Munich
      (25.2% via Eventimpresents, 37.4% via Semmel Concerts Entertainment, 37.4% via ARGO Konzerte)
    • Dirk Becker Entertainment 83%
      (10% via Eventimpresents, 73% via Eventim live GmbH)
  • Doctor Music Concerts 63.5%
    • In Cow We Trust 60%
  • Semmel Concerts Entertainment 50.2%
    • Show Factory Entertainment 51%
  • Peter Rieger Konzertagentur
  • ARGO Konzerte 50.2%
  • All Artists Agency 51%
  • ALDA Germany 51%
  • Act Entertainment 51%
  • Vertigo 51%
  • Smash!Bang!Pow!

EVENTIM LIVE INTERNATIONAL GmbH 100%

  • Friends & Partners 60%
    • Vivo Concerti 60%
  • Barracuda 71%
    • Arcadia Live
  • Talent Concert International 51%
  • Di&Gi - D'Alesandro e Galli 60%
K.B. Hallen, Copenhagen K.B. Hallen, november 2019.jpg
K.B. Hallen, Copenhagen

Venues

CTS Eventim operates several venues across Europe. [19] [20]

Notes

  1. Eventim, or its subsidiaries, have 100% ownership of the named companies unless noted otherwise

Related Research Articles

<span class="mw-page-title-main">ÖBB</span> State-owned national railway company of Austria

The Austrian Federal Railways, now commonly known as ÖBB, is the national railway company of Austria, and the administrator of Liechtenstein's railways. The ÖBB group is owned entirely by the Republic of Austria, and is divided into several separate businesses that manage the infrastructure and operate passenger and freight services.

Edel SE & Co. KGaA is a German independent media company based in Hamburg. As a label and publishing group, it also operates marketing and sales for artists and smaller music labels. The repertoire of the Edel labels includes dance, rock and pop music to classical music and a children's catalogue. In addition to the development and marketing of music, the group also deals with the production, logistics and distribution of CDs, DVDs, vinyl records, and books at the production site of the subsidiary optimal media GmbH in Röbel/Müritz as well as with services in the online and book business.

<span class="mw-page-title-main">Anschutz Entertainment Group</span> American company

The Anschutz Entertainment Group (AEG), also known as AEG Worldwide, is an American global sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. It is the world's largest owner of sports teams and sports events. Under the AEG Presents brand, it is the world's second-largest presenter of live music and entertainment events, after Live Nation. AEG Presents was founded in 2002 as AEG Live.

<span class="mw-page-title-main">Hurricane Festival</span> German music festival

The Hurricane Festival, also just Hurricane, is a music festival that has taken place at the Eichenring, a speedway race track, in Scheeßel, Germany, since 1997. With more than 80,000 attendees (2022) it is one of the largest music festivals in Germany. Southside Festival, often referred to as Hurricane's "sister" festival, takes place on the same three days and has largely the same line-up. Alongside Southside Festival, Hurricane festival is organised by FKP Konzertproduktionen, MCT Agentur and KoKo Konstanz and takes place every June. Like many other large festivals Hurricane Festival plays a mix of rock, alternative, pop and electro music from established as well as emerging artists. Arrival begins at midday on the Thursday.

<span class="mw-page-title-main">RheinEnergieStadion</span> German football stadium in Cologne

RheinEnergieStadion, formerly Müngersdorfer Stadion or Müngersdorfer Stadium, is a German football stadium in Cologne. It was built on the site of the two previous Müngersdorfer stadiums. It is the home of the local Bundesliga team, 1. FC Köln. The stadium was one of five stadiums hosting both the 2005 FIFA Confederations Cup and 2006 FIFA World Cup, and hosted the 2020 UEFA Europa League Final behind closed doors. Local energy company RheinEnergie AG currently holds the naming rights to the stadium, hence it was known as the Stadion Köln for the final.

<span class="mw-page-title-main">Holiday on Ice</span>

Holiday on Ice is an ice show currently owned by Medusa Music Group GmbH, a subsidiary of CTS EVENTIM, Europe's largest ticket distributor, with its headquarters in Bremen, Germany.

<span class="mw-page-title-main">Olympiahalle</span> Multi-purpose arena in Munich

The Olympiahalle(English: Olympic Hall) is a multi-purpose arena located in Am Riesenfeld in Munich, Germany, part of Olympiapark. The arena is used for concerts, sporting events, exhibitions or trade fairs. The official seating capacity for the arena varies from some 12,500 to 15,500.

Tour promoters are the individuals or companies responsible for organizing a live concert tour or special event performance. The tour promoter makes an offer of engagement to a particular artist, usually through the artist's agent or music manager. The promoter and agent then negotiate the live performance contract. The majority of live performance contracts are drawn up using the American Federation of Musicians (AFM) standard contract format known as the AFM Performance Agreement.

Live Nation is an American events promoter and venue operator based in Beverly Hills, California. Founded in 1996 by Robert F. X. Sillerman as SFX Entertainment, the company's business was built around consolidating concert promoters into a national entity to counter the oversized influence of ticket behemoth Ticketmaster. In 2000, the company was sold to Clear Channel Communications for $4.4 billion and operated as Clear Channel Entertainment until 2005, when it was spun off as Live Nation. In 2010, Live Nation merged with the ticketing firm Ticketmaster to form a larger conglomerate named Live Nation Entertainment.

<span class="mw-page-title-main">Barracuda (song)</span> 1977 single by Heart

"Barracuda" is a song by American rock band Heart, released in 1977 on their third studio album, Little Queen, and was released as the album's lead single. The song peaked at number 11 on the Billboard Hot 100. In 2009, "Barracuda" was named the 34th-best hard rock song of all time by VH1.

<span class="mw-page-title-main">Stage Entertainment</span>

Stage Entertainment is an international operating live entertainment company, a subsidiary of Advance Publications. The company was founded in 1998 by Joop van den Ende in Amsterdam.

<span class="mw-page-title-main">Waldbühne</span> Theatre at Olympiapark Berlin in Berlin, Germany

The Waldbühne is a theatre at Olympiapark Berlin in Berlin, Germany. It was designed by German architect Werner March in emulation of a Greek theatre and built between 1934 and 1936 as the Dietrich-Eckart-Freilichtbühne, a Nazi Thingplatz, and opened in association with the 1936 Summer Olympics. Since World War II it has been used for a variety of events, including boxing matches, film showings and classical and rock concerts. It seats more than 22,000 people. The venue is located off Friedrich-Friesen-Allee just northeast of Glockenturmstraße.

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It promotes, operates and manages ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.

<span class="mw-page-title-main">Rockelmann</span>

The Rockelmann is a mountain in the Ore Mountains in Saxony, southeastern Germany. It is south-southwest of Schwarzenberg. It formerly had two granite quarries, one of which was converted into an open-air theatre in the 1920s, the other into a Nazi arena (Thingplatz) in the 1930s, and is also the site of a memorial to soldiers killed in World War I; all three are within Rockelmann Park, which was laid out in the 1930s.

LiveStyle, Inc. is a Los Angeles-based live events conglomerate founded by media entrepreneur Robert F. X. Sillerman. The company was formed in June 2012 as SFX Entertainment—the new incarnation of Sillerman's previous company of the same name, which was sold to Clear Channel Communications in 2000 and later spun-off as Live Nation in 2005.

<span class="mw-page-title-main">Eventim UK</span> British events and ticket agent

Eventim UK is an events and ticket agent, based in London, England. The company is a wholly owned subsidiary of Europe's largest ticket retailer, CTS Eventim AG & Co. KGaA.

<span class="mw-page-title-main">Ultimate Collection Tour</span> 2016–17 concert tour by Anastacia

The Ultimate Collection Tour was the fourth headlining concert tour by American recording artist Anastacia in support of her second greatest hits album, Ultimate Collection (2015). The tour began in April 2016 and played 100 shows in Europe.

<i>IQ</i> (magazine)

IQ is a news platform for the international live music industry. Its readership of more than 100,000 professionals a month comprises live music professionals, including concert promoters, booking agents, festival organisers, artist managers and venue operators, in more than 60 countries.

<span class="mw-page-title-main">Von Wegen Lisbeth</span> German indie-pop band

Von Wegen Lisbeth is a German indie-pop band from Berlin that was founded in 2006 under the name Fluchtweg. The group sings in German; a special feature is the use of unusual musical instruments such as a children's ɡlockenspiel.

FKP Scorpio is an international concert promoter, based in Hamburg, Germany. Founded by Folkert Koopmans in 1990, the group is widely recognised as one of Europe's largest festival and concert promoters.

References

  1. "cts eventim ag & co kgaa (EVD:Xetra)". Bloomberg. Retrieved 17 January 2015.
  2. Chapple, Jon (14 June 2019). "Deutsche Courage: The rise and rise of CTS Eventim". IQ magazine. Retrieved 23 January 2020.
  3. "CTS Eventim is plotting a post-pandemic comeback tour". The Economist. 18 July 2020. Retrieved 4 January 2021.
  4. "CTS Eventim kommen zu 21,50 Euro", Börsen-Zeitung (in German), p. 15, 1 February 2000
  5. "2000 Annual Report" (PDF). eventim.nl. Retrieved 31 January 2023.
  6. "CTS Eventim Buys Majority Stake in Austrian Promoter Barracuda Music". Billboard. Retrieved 5 January 2021.
  7. "CTS Eventim snaps up Italian promoter". TheTicketingBusiness News. 9 November 2017. Retrieved 5 January 2021.
  8. "Stage Entertainment en CTS Eventim sluiten pan-Europees partnership". Emerce (in Dutch). Retrieved 5 January 2021.
  9. Jeevan Vasagar (23 February 2015). "Ticket vendor CTS Eventim's shares slide on antitrust inquiry". www.ft.com. Retrieved 5 January 2021.
  10. "Konzept & Geschichte – Eventim Popkurs Hamburg" (in German). Retrieved 4 January 2021.
  11. "CTS Eventim übernimmt Berliner Waldbühne". www.tagesspiegel.de (in German). Retrieved 4 January 2021.
  12. "Eventim acquires cinema ticketer Kinoheld". IQ Magazine. 25 October 2018. Retrieved 5 January 2021.
  13. Grace, Anna (21 November 2019). "CTS Eventim shares up 60% in 2019". IQ magazine. Retrieved 23 January 2020.
  14. "Eventim finalises France Billet minority stake acquisition". TheTicketingBusiness News. 1 November 2019. Retrieved 5 January 2021.
  15. 1 2 Ashley King (24 January 2020). "CTS Eventim Acquires a Majority Stake In Gadget Entertainment". Digital Music News. Retrieved 5 January 2021.
  16. "Promoter Legend Michael Cohl Partners With CTS Eventim, Update: Comments". www.pollstar.com. 20 February 2020. Retrieved 5 January 2021.
  17. "CTS Eventim launches Eventim Live Asia in partnership with ex-Live Nation exec Jason Miller". Music Week. 21 July 2021. Retrieved 2 August 2021.
  18. "After expanding into Asia, CTS Eventim to spend over $200m on new arena in Italy". Music Business Worldwide. Retrieved 2 August 2021.
  19. 1 2 3 "Portfolio". corporate.eventim.de. Retrieved 5 January 2021.
  20. 1 2 3 "Annual Report 2019" (PDF). corporate.eventim.de. Retrieved 5 January 2021.