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) …
DEAG acquires German electro festival Airbeat One
DEAG has boosted its festival portfolio through the acquisition of Airbeat One, one of Germany’s biggest electro music events. Airbeat One was held for the first time in 2002 and is now the largest electronic music festival in northern Germany and one of the largest in Germany, attracting around 60,000 visitors annually. It is held …
People on the Move: TEG, DEAG and more
We round up the latest movements from the ticketing ecosystem… Luke Bould has been appointed as chief commercial officer at TEG, the owner of Ticketek. Bould (pictured left) will be responsible for all of TEG’s commercial activity, working with all the group’s businesses to identify and drive growth opportunities globally. He will also oversee TEG’s …
DEAG boasts positive sales in first quarter
Deutsche Entertainment AG (DEAG) has seen a major rebound in the first quarter of 2022, with sales increasing from €1.1m (£934k/$1.1m) to €31m. For the same period in 2021, operating sales for the entertainment company were €1.1m while reported sales were €4m, showcasing how the company’s sales have returned to pre-pandemic levels in the first …
Positive fourth quarter puts DEAG on track
Deutsche Entertainment AG (DEAG), owner of MyTicket and Gigantic(.com), has revealed a significant boost in revenue during 2021 thanks to a positive fourth quarter and a near-return to pre-pandemic booking levels in key markets such as the UK. Revenue in the fourth quarter rose approximately 82% to help the company reach a revenue of €91m …
2021 in review – January
The New Year kicked off with news of mergers, acquisitions and regulatory headwinds as vaccination roll-outs accelerated in key markets… Deutsche Entertainment AG (DEAG), which owns MyTicket, revealed in January that it planned to delist from the Frankfurt Stock Exchange after securing support of the entertainment firm’s largest single shareholder. Formula 1 owner Liberty Media, …
2021 in review – June
Companies began to see the light at the end of the tunnel following a difficult time during the pandemic, and June saw some major deals announced. Vivendi agreed to sell 10% of Universal Music Group (UMG) to US-based special purpose acquisition company (SPAC), Pershing Square Tontine Holdings (PSTH). Vivendi is the parent company of UM …