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 …
DEAG acquires a majority stake in Indian Spirit festival
DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) has acquired a majority stake in Psytrance/Goa festival, Indian Spirit. The festival has been held in Eldena, Germany since 1999 and is one of the largest Psytrance festivals in Europe. Indian Spirit welcomes around 20,000 visitors each year, and boasts a line-up of DJs from the Psytrance scene. Guests are …
People on the move: RSC, DEAG and more…
We round up the latest movements from the ticketing sector and associated industries… The Royal Shakespeare Company has announced that Daniel Evans (pictured left) and Tamara Harvey (pictured right) will be the co-artistic directors of the RSC from June 2023. Evans is currently the artistic director of Chichester Festival Theatre and Harvey is currently the …
DEAG acquires Classic Open Air event
Live entertainment company Deutsche Entertainment Aktiengesellschaft (DEAG) has acquired 85% of the shares in Berlin-based classical music festival, Classic Open Air at Gendarmenmarkt. DEAG has acquired the shares via its wholly owned subsidiary, DEAG Classics AG. Classic Open Air has been taking place since 1992 and has become a renowned classical music event under organisers …
DEAG in M&A hunt as figures reveal 2022 resurgence
Deutsche Entertainment AG (DEAG) has confirmed “concrete talks with potential acquisition targets” in the ticketing space after a second-quarter surge in revenue capped an encouraging recovery in the first six months of this year. In revealing its figures for the first half of 2022, DEAG revealed that income had rocketed by 109% to €133.4m (£114.3/$133.8m) …