DEAG Deutsche Entertainment (DEAG) has successfully completed the placement of its Corporate Bond, with an issue volume of €50m (£43m/$55m). The issue was oversubscribed and the offering was terminated earlier yesterday (Monday). The annual fixed interest rate was set at 8% during the book building process. DEAG announced the issuance of the Corporate Bond earlier …
DEAG announces bond issue of up to €50m to finance further growth
DEAG Deutsche Entertainment has today (Tuesday) issued a Corporate Bond amounting up to €50m (£43m/$53m). The executive board of the Berlin-headquartered entertainment and ticketing company, along with the consent of the supervisory board, reached the decision to finance further growth and refinance the Corporate Bond 2018/2023. The Bonds 2023/2026 in a nominal amount of €1,000 …
People on the move: DEAG and more…
We round up the latest movements from the ticketing sector and associated industries… DEAG Deutsche Entertainment AG (DEAG) has appointed Lukas Goy to the executive board of subsidiary Myticket. Goy previously shared the responsibility for the operational business, and will now assume responsibility for strategic planning. Alongside the ticketing company’s chief executive Moritz Schwenkow, Goy …
DEAG sees strong start to 2023
Live entertainment and ticketing company DEAG Deutsche Entertainment AG (DEAG) has witnessed its revenues increase in the first quarter of 2023. In the first three months of this year, revenues have increased by 55% to €48m (£42m/$52m), compared to €31m in the same period, the year prior. It is also an improvement on the €25.5m …
DEAG continues upward trajectory with record 2022
Entertainment company DEAG posted its highest revenue and EBITDA in company history in 2022. According to preliminary figures, revenue in 2022 amounted to €325m (£288m/$354m) compared to €90.7m in the year prior. This is an increase of 258% compared to 2021, and also an increase on the €185m posted in 2019. Consolidated revenue amounted to …
DEAG to open new London arts and exhibition space in 2023
DEAG has continued to expand in the culture sector, and has announced it will operate a new exhibition and show space in London. Through its Kilimanjaro Group subsidiary, the Germany-based entertainment company will operate Arches at London Bridge and has concluded a long-term lease agreement for the venue for an initial period of 15 years. …
DEAG acquires Regular Music through Kilimanjaro
DEAG Deutsche Entertainment has acquired Scottish event promoter, Regular Music, through its UK subsidiary Kilimanjaro Group. Regular’s chief executive Mark Mackie will remain a shareholder and at the helm of the company in the long term. Based in Edinburgh, Regular has staged concerts from international artists including Oasis, REM, Red Hot Chili Peppers, Tom Waits, …
Record summer of ticket sales boosts DEAG Q3
DEAG Deutsche Entertainment has witnessed positive business growth over the course of 2022, thanks to a summer of record ticket sales. Revenue in the third quarter rose to €101.7m (£87.5m/$106m) in 2022, a 72% increase compared to the same period in pre-pandemic 2019, and a significant improvement on €16.7m in the same period the year …
The Robin partners with Gigantic
Wolverhampton music venue, The Robin, has partnered with DEAG-owned ticketing company Gigantic. The Robin has hosted performances from the likes of Slade, Billy Ocean, China Crisis, The Beat and Maxi Priest. The partnership started in early November and the two parties have worked to ensure a smooth transition from the venue’s previous ticketing partner. Gigantic …
DEAG acquires majority stake in Tickets.ie
DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) has acquired a majority stake in Irish ticketing platform Tickets.ie. Through its UK subsidiary MyTicket, DEAG has acquired a majority stake in Irish company Oshi Software, the operator of the ticketing platform Tickets.ie. The acquisition expands DEAG’s presence in Ireland, with the company hoping for synergy between its other venture …