DGAP-News: CTS EVENTIM now present on every continent

 | Source: EQS Group AG EQS Group AG 

CTS EVENTIM AG / Alliance

20.12.2007 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CTS EVENTIM now present on every continent

Exclusive 10-year agreement with Live Nation / Long-term partnership in
Europe, America, Asia, Africa and Australia / Annual ticket volume expected
to surpass 100 million

Munich, 20 December 2007. CTS EVENTIM AG (ISIN DE0005470306), which for
years has been the market leader in Germany and Europe in the ticketing
field, has now laid the foundation for its global expansion. The Management
Board has signed long-term and largely exclusive agreements with Live
Nation Worldwide Inc. (USA). Live Nation (NYSE: LYV) is the world’s biggest
live events company. In the first nine months of the current year alone, it
has organised and produced more than 20,000 live events with a total
attendance exceeding 48 million. 'This is an alliance between two market
leaders. Live Nation is the largest live music company in the world,
whereas we are Europe’s leading ticketing company. Our relationship will
create enormous synergies and open up additional options for future
development', commented Klaus-Peter Schulenberg, CEO of CTS EVENTIM AG. In
Europe, CTS will be present in every important country, while also entering
the markets in America, Asia, Africa and Australia. The annual ticket
volume handled by EVENTIM Group systems is expected to increase within only
a few years from around 60 million at present to more than 100 million
tickets. 'We have found our ideal partner in CTS. Together we will expand
on our current market position and implement our innovative ideas. This is
absolutely a win-win situation', added Michael Rapino, President and CEO of
Live Nation.

Europe: ticketing in every key market
CTS EVENTIM and Live Nation will be collaborating in the field of ticket
sales on a worldwide basis. Schulenberg: 'With this partnership, we can now
launch ourselves into every key market within just a few years'. Beginning
with the second half of 2008, CTS EVENTIM will extend the distribution
network already in place in 17 countries to include those markets in the
UK, Scandinavia and continental Europe in which Live Nation actively
operates as a promoter or producer of events.

North America: licence granted from 2009 onwards
In the North American market (USA and Canada), Live Nation will license the
EVENTIM ticketing software for a ten-year period. Shulenberg: 'America has
huge potential. Our strengths in Internet ticketing, above all, will play a
major role in this context. By granting the licence, we are simultaneously
eliminating the risks and costs involved in establishing a presence of our
own'. CTS Eventim will also be granting Live Nation a licence to the
ticketing software for the events business in Mexico, South America, Japan,
Australia, New Zealand and South Africa if it chooses to enter those
markets in the future.

By entering into this newly agreed partnership, CTS EVENTIM is rigorously
pursuing its established expansion strategy. Within the next two years, the
Group will acquire a presence in almost all the European markets in which
it has been absent hitherto, thus reinforcing its position as market
leader. When Live Nation begins as an operator to deploy EVENTIM ticketing
systems in North America, this will also generate substantial additional
royalties for CTS.

The Management Board will present the details of the partnership at a press
conference in January 2008.

For further information: Klaus-Peter Schulenberg, CEO, under +49 421 36 66
201.
DGAP 20.12.2007 
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Language:     English
Issuer:       CTS EVENTIM AG
              Contrescarpe 75 A
              28195 Bremen
              Deutschland
Phone:        +49 (0)421-36 66-233
Fax:          +49 (0)421-36 66-290
E-mail:       investor@eventim.de
Internet:     www.eventim.de
ISIN:         DE0005470306
WKN:          547030
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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