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 …
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 …
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 …
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 …
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, …
DEAG CEO hails “momentum” – TheTicketingBusiness News
MyTicket owner Deutsche Entertainment AG (DEAG) is confident of a strong end to the year after its third-quarter financial update revealed a big increase in sales. Over the three months through to the end of September, DEAG posted a 126% year-on-year increase in revenue from €7.4m (£6.2m/$8.2m) to €16.7m. Sales over the first nine months of 2021 totalled …