DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Joint Venture
Stage Entertainment and CTS EVENTIM enter into Holiday on Ice Joint
Venture
01.09.2014 / 10:32
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PRESS RELEASE
STAGE ENTERTAINMENT AND CTS EVENTIM ENTER INTO HOLIDAY ON ICE JOINT VENTURE
Amsterdam/Munich, 1 September 2014. Stage Entertainment and CTS Eventim
have entered into a joint venture agreement involving Holiday on Ice, a
subsidiary of Stage Entertainment. Under the agreement, the completion of
which is still subject to approval by the German antitrust authorities
(Bundeskartellamt), CTS Eventim's subsidiary promotion company Medusa will
acquire a 50% stake in Holiday on Ice.
In the new joint venture Stage Entertainment and CTS Eventim will work
closely together to help Holiday on Ice produce, develop, promote and
present touring arena ice shows worldwide.
Peter O'Keeffe, CEO of Stage Entertainment, and Klaus-Peter Schulenberg,
CEO of CTS Eventim, are positive and enthusiastic about the envisioned
joint venture as it will allow Holiday on Ice to benefit from the
complementary strengths of both partners. The joint venture will put
Holiday on Ice in an excellent position to extend the reach of its existing
and future shows and realise further growth as it enters a new phase of
international expansion.
With shows performed since 1943, Holiday on Ice is one of the longest
continuously operating live entertainment companies in the world. It has
grown into an internationally respected brand name for top-quality ice show
entertainment enjoyed worldwide by audiences of all generations. This
season Platinum will be presented in Germany, Austria, Poland and the
United Kingdom. The tour of the new show Passion will start on 27 November
in Grefrath, Germany, followed by a tour in France.
About CTS Eventim
CTS EVENTIM AG & Co. KGaA, listed in the SDAX index (ISIN DE 0005470306),
is Europe's market leader in ticketing with activities in 23 countries and
one of the leading providers of Live Entertainment. Leading online portals
like eventim.de, oeticket.com, ticketcorner.ch, ticketone.it, lippu.fi,
eventim.co.uk and many more are part of EVENTIM Group.
About Stage Entertainment
Stage Entertainment is one of the world's largest theatre producers and
owners. With offices in eight countries (the Netherlands, Germany, the
United Kingdom, Spain, Russia, France, Italy and the United States), the
group produces some of the best-known titles in musical theatre. The
company stages licensed productions from its world-renowned partners as
well as new, original productions created entirely in-house.
For further information:
CTS Eventim AG & Co. KGaA:
Marco Haeckermann, Director Corporate Development & Strategy, T: +49 421
3666 270
Stage Entertainment,
Maarten van Nispen, T: +3120-3052.243 | M: +316-2013 0790 | E:
maarten.van.nispen@stage-entertainment.nl
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01.09.2014 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.
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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: sarah.trede@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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284936 01.09.2014
DGAP-News: Stage Entertainment and CTS EVENTIM enter into Holiday on Ice Joint Venture
| Source: EQS Group AG