openPR Logo
Press release

DEAG strengthens market position in Switzerland

08-26-2013 04:57 PM CET | Industry, Real Estate & Construction

Press release from: DEAG Deutsche Entertainment AG

• Cooperation agreement entered into with ABC Productions AG
• Business expansion mainly for Rock/Pop, Family Entertainment and Corporate Events
• Executive Board expects more than doubling of results versus prior year for 2013

Berlin, June 03, 2013 - DEAG Deutsche Entertainment AG (ISIN DE000A0Z23G6) strengthens its market position in Switzerland through a cooperation agreement between the Good News Group and ABC Productions AG. This cooperation agreement regulates the joint approach of the two partners at the production and marketing of concerts and events. The Good News Group and ABC Productions will pool their resources and act together based on the best possible utilisation of synergies. The Good News Group, led by Gérard Jenni as CEO, who acted already as director of the Zurich Hallenstadion arena from 2003 to 2007 and managing director of the Good News subsidiary B+R Event AG, sees enlarged business opportunities in Switzerland as a result of the cooperation, mainly in the fields of Rock/Pop, Family Entertainment and Corporate Events. In the Classical Music business DEAG will continue to operate and expand the business in Switzerland exclusively through the successful joint venture with Ringier, The Classical Company AG.

With the longstanding and strong business partner Ringier, a good concert pipeline and the partnership with ABC Productions, led by André Béchir, DEAG anticipates at least a doubling of results on the Swiss market in 2013. This will have a direct impact on the consolidated balance sheet of DEAG. The already well booked highlights of Good News and Starclick in June and July include concerts by Rihanna, Depeche Mode, Kiss, Alicia Keys, Bon Jovi, Die Toten Hosen or Bruce Springsteen. At the Moon & Stars Festival in Locarno in July yet another successful event will be staged with artists such as Green Day, Zucchero and Neil Young’s Crazy Horse. For 2014, too, top-selling events, e.g. with Otto, André Rieu or Apassionata are already on sale and a continuation of the Moon & Stars Festival has already been decided.

Prof. Peter L.H. Schwenkow, CEO of DEAG, comments: “We gather pace with our activities in Switzerland. Gérard Jenni gives the right impetus for a highly competitive positioning. With André Béchir we continue to have a familiar partner, who accompanied the successes of Good News in the past. Ringier as a leading media house is a reliable partner for us in all areas in Switzerland. Consequently, we are confident as far as the operational development in Switzerland in 2013 and beyond is concerned.”

DEAG Deutsche Entertainment AG
The Executive Board

DEAG Deutsche Entertainment AG is a leading provider of live entertainment and the largest organizer of high-margin classical events in Europe. Founded in 1978 and stock-listed since 1998, the company draws on 30+ years of experience.

With group companies in Germany, the UK and Switzerland, DEAG stages 1,500+ events and sells 3.5 m tickets per year in the fields of family entertainment, rock/pop, classical and German music. The company also operates venues in Frankfurt/M, Stuttgart and Zurich.

In the concert business, DEAG acts as both tour organizer and local promoter, ensuring additional risk diversification through its broad positioning. During recent years, DEAG continuously enhanced its value chain by implementing a comprehensive “360-Degree Approach.” With its own music label DEAG Music and a wide range of activities in publishing rights, live recording, sponsoring, merchandise, ticketing etc and powerful partners such as Sony Music Entertainment, Ticketmaster, Ringier AG et al, DEAG is perfectly positioned as an integrated and highly synergistic international Entertainment Content Company.

For further information please contact:
Axel Muehlhaus
edicto GmbH
Eschersheimer Landstraße 42
60322 Frankfurt
Tel: +49-69-90 550 552
Email: deag@edicto.de

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release DEAG strengthens market position in Switzerland here

News-ID: 262309 • Views: 1079

More Releases from DEAG Deutsche Entertainment AG

DEAG reports about 2015 marked by non-recurring effects and gives a positive out …
• Sales revenues after consolidation jump significantly to more than EUR 200 million • Non-recurring expenditure has also burdened the earnings during the full year, as expected: EBIT EUR -17.8 million • Successful setting of the strategic courses in Live Entertainment und Ticketing • Market share of myticket continues to grow • Clear operation in the black anticipated for 2016 – current forecast might be outperformed Berlin, April 15, 2016 – DEAG Deutsche Entertainment AG (ISIN: DE000A0Z23G6 | symbol: ERMK)
DEAG AGM approves amendment to the bylaws and all other agenda items with a larg …
Berlin, June 25, 2015 – The shareholders of DEAG Deutsche Entertainment AG (ISIN DE000A0Z23G6/WKN A0Z23G) have approved at today’s Annual General Meeting in Berlin, which lasted just under 100 minutes, all agenda items with a large majority. The amendment to the bylaws was adopted with 100 %. It concerns the extension of the object of the company by adding the distribution and marketing of tickets. All other agenda items were
Board complete: Kai Ricke, COO of MyTicket AG
The longstanding head of distribution of STAGE Entertainment transfers as second member of the Board to the DEAG subsidiary myticket.de Berlin, February 26, 2015 – DEAG Deutsche Entertainment Aktiengesellschaft (ISIN DE000A0Z23G6) continues to expand its direct distribution platform myticket.de: Kai Ricke (49) becomes a new member of the Executive Board of Hamburg-based myticket.de. As an excellent distribution pro in the entertainment industry, he has been appointed by the Supervisory Board of Myticket
DEAG is ahead of plan after nine months and anticipates strong full year 2014
Ad hoc announcement in accordance with § 15 WpHG (German Securities Trading Act) • Sales revenues 3.4% and EBITDA 3.5% higher • Own ticket distribution Myticket.de successfully launched • Positive outlook for the full year 2014 and the new year 2015 Berlin, November 28, 2014 – DEAG Deutsche Entertainment Aktiengesellschaft, Potsdamer Strasse 58, 10785 Berlin, (ISIN DE000A0Z23G6/WKN A0Z23G), listed in the Prime Standard of the Frankfurt Stock Exchange, has continued its positive development of sales revenues and

All 5 Releases


More Releases for Switzerland

Switzerland Agriculture Market | Switzerland Agriculture Industry | Switzerland …
Switzerland Agriculture, land used for agriculture amounts to 37% of the overall space. Regarding one third of the agricultural land is found within the midlands. Pastures and meadows account for the most important a part of the complete agricultural land. Consequently, the bulk of the farms focus on stock agriculture, whereby dairy cattle farming dominate. The foremost vital land-utilization category in cultivable farming is cereals. The Swiss soils, terrain, and climate don’t
Agrochemicals Market in Switzerland
ReportsWorldwide has announced the addition of a new report title Switzerland: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Switzerland: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Proton Therapy Market Forecast in Switzerland
Switzerland has one of the old proton therapy centers in Europe and was established in 1984 and there are so many recommended proton therapy patients from other parts of Europe coming for their treatment. The old proton therapy center at CPT, PSI, Villigen was further renovated with technological advancement in 2010 and again in 2013. Switzerland Proton Therapy Market is expected to grow thrice from its present market in 2016.
Biscuits Market - Switzerland Industry Analysis 2024
Growing Tourist Arrivals Translate to Higher Biscuit Sales in Switzerland A constant rise in demand for healthy and nutritious product varieties, with low-calorie and sugar-free products gaining high consumer preference, and the demand for convenient snacks are some of the key trends impacting the overall development of the present-day Switzerland biscuits market. The rising numbers of international and domestic tourists in the country and steady growth in the retail sector post
Werum Opens Regional Office in Switzerland
Werum Opens Regional Office in Switzerland Leading supplier of Manufacturing IT / Manufacturing Execution Systems for pharmaceuticals industry now also present in Basel / Local support for Swiss pharmaceutical customers Lueneburg, Germany, 13 February 2013 – Starting immediately, Werum Software & Systems AG, the world's leading supplier of Manufacturing IT / Manufacturing Execution Systems (MES) for the pharmaceutical and biopharmaceutical industries, is represented with a regional office in Basel, Switzerland. "We are
First Master Patient Index in Switzerland
Leading Swiss Private Clinic Group opts for ICW Professional Suite Zurich, June 2, 2008 – After an extensive tender procedure, Hirslanden, the leading Swiss private clinic group, has opted for the master patient index in the professional suite offered by eHealth specialist InterComponentWare (ICW). The proven ICW solution for the integration of heterogenous hospital technology environments will be used in the 13 private clinics and 100 centers of excellence and specialized