CTS Eventim AG & Co. KGaA
ISINDE0005470306 Edit this on Wikidata
IndustryTicketing & Live Entertainment
FoundedNovember 4, 1989; 33 years ago (1989-11-04) in Munich, Germany
FoundersMarcel Avram, Matthias Hoffmann
Headquarters
Bremen
,
Germany
Key people
Klaus-Peter Schulenberg (CEO)
Andreas Grandinger (CFO)
Alexander Ruoff (COO)
Websitecorporate.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, and one of the 40th to 90th largest companies in Germany by market capitalisation.

History

Waldbühne, Berlin
Waldbühne, Berlin

CTS Eventim was founded on November the 4th 1989 in Munich by concert promoters Marcel Avram and Matthias Hoffmann as CTS Computer Ticket Service GmbH and was acquired in 1996 by Klaus-Peter Schulenberg.[2][3] Klaus-Peter took the company partially public on 1st 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 (partially) acquire several other ticketing and live entertainment companies, notable acquisitions were Austrian promoter Barracuda Music (71% in 2017), Italian based promoters Vertigo (51% in 2017) and Friends & Partners (60% in 2017), Holiday on Ice (50% in 2014 / 100% 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
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 market leader 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 February the 21st 2020 it was announced that the company would enter the US market via a new - yet to be named - joint venture based in New York City with promoter 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.[18]

Assets

Ticketing

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

Austrian brand
Austrian brand
Hammersmith Apollo, London
Hammersmith Apollo, London

Live Entertainment

CTS Eventim holds shares in several live entertainment companies via two subsidiaries.[2][19][20]

EVENTIM LIVE GmbH 94,4%

EVENTIM LIVE INTERNATIONAL GmbH 100%

K.B. Hallen, Copenhagen
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.

External links

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. 2020-07-18. Retrieved 2021-01-04.
  4. ^ "CTS Eventim kommen zu 21,50 Euro", Börsen-Zeitung (in German), p. 15, 2000-02-01
  5. ^ "2000 Annual Report" (PDF). eventim.nl. Retrieved 2023-01-31.
  6. ^ "CTS Eventim Buys Majority Stake in Austrian Promoter Barracuda Music". Billboard. Retrieved 2021-01-05.
  7. ^ "CTS Eventim snaps up Italian promoter". TheTicketingBusiness News. 2017-11-09. Retrieved 2021-01-05.
  8. ^ "Stage Entertainment en CTS Eventim sluiten pan-Europees partnership". Emerce (in Dutch). Retrieved 2021-01-05.
  9. ^ Jeevan Vasagar (23 February 2015). "Ticket vendor CTS Eventim's shares slide on antitrust inquiry". www.ft.com. Retrieved 2021-01-05.
  10. ^ "Konzept & Geschichte – Eventim Popkurs Hamburg" (in German). Retrieved 2021-01-04.
  11. ^ "CTS Eventim übernimmt Berliner Waldbühne". www.tagesspiegel.de (in German). Retrieved 2021-01-04.
  12. ^ "Eventim acquires cinema ticketer Kinoheld". IQ Magazine. 2018-10-25. Retrieved 2021-01-05.
  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. 2019-11-01. Retrieved 2021-01-05.
  15. ^ a b Ashley King (2020-01-24). "CTS Eventim Acquires a Majority Stake In Gadget Entertainment". Digital Music News. Retrieved 2021-01-05.
  16. ^ "Promoter Legend Michael Cohl Partners With CTS Eventim, Update: Comments". www.pollstar.com. 20 February 2020. Retrieved 2021-01-05.
  17. ^ "CTS Eventim launches Eventim Live Asia in partnership with ex-Live Nation exec Jason Miller". Music Week. 21 July 2021. Retrieved 2021-08-02.
  18. ^ "After expanding into Asia, CTS Eventim to spend over $200m on new arena in Italy". Music Business Worldwide. Retrieved 2021-08-02.
  19. ^ a b c "Portfolio". corporate.eventim.de. Retrieved 2021-01-05.
  20. ^ a b c "Annual Report 2019" (PDF). corporate.eventim.de. Retrieved 2021-01-05.
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