DEAG Deutsche Entertainment AG is expanding its involvement in the family and crooner segment and strengthening its local event business in the Frankfurt/Rhine-Main metropolitan region

2017-02-13 12:45:11
DGAP-News: DEAG Deutsche Entertainment AG is expanding its involvement in the family and crooner segment and strengthening its local event business in the Frankfurt/Rhine-Main metropolitan region

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Investment

13.02.2017 / 12:45
The issuer is solely responsible for the content of this announcement.

DEAG Deutsche Entertainment AG is expanding its involvement in the family and crooner segment and strengthening its local event business in the Frankfurt/Rhine-Main metropolitan region

Berlin, February 13, 2017 – DEAG Deutsche Entertainment AG (DEAG), Berlin, listed on the Prime Standard (ISIN: DE000A0Z23G6, WKN: A0Z23G), has sold its stake in the Würzburg-based Manfred Hertlein Veranstaltungs GmbH, which it held through Gold Entertainment GmbH, the company it co-operated together with Sony Music.

In addition, DEAG intends to increase its shares in Gold Entertainment GmbH to 100%. The company will thus increase its control in its family entertainment and crooner segment and drive the development in this area. These measures will make it possible to utilize DEAG’s own formats, such as Disney On Ice and others, more efficiently in this area.

Furthermore, the DEAG Group will hold more events in the Frankfurt/Rhine-Main metropolitan region that it produces itself in the future.

“We have achieved a great deal together with Manfred Hertlein and his team since 2010, and we will realize certain productions together in the future. Nevertheless, this step was important in order to be able to take better advantage of our opportunities in this segment,” commented Christian Diekmann, COO/CDO of DEAG.

About DEAG

DEAG Deutsche Entertainment AG (DEAG) is an integrated entertainment content company and a leading provider of live entertainment in Europe. DEAG produces and profitably organizes a broad range of events and concerts. Its own distribution business, mytic myticket AG, which is also share-held by two large print and TV media companies, increases the company’s profitability and scales its business model. DEAG realizes around 2,000 concerts and events a year, selling more than 5 million tickets, of which a steadily increasing part is sold via its high-turnover online distribution channel myticket.

Events cover rock/pop, festivals (national and international), classical music, jazz, German Hit songs and Middle-of-the-Road music and the strongly growing family entertainment division. Particularly the festivals and family entertainment divisions are fundamental for the further development of DEAG’s own content. Its network of strong partners allows DEAG to put itself in an excellent market position as an internationally active live entertainment group. DEAG shares (ISIN: DE000A0Z23G6 | WKN: A0Z23G | ERMK) are quoted in the Prime Standard segment of the Frankfurt Stock Exchange, which is the quality segment of the Deutsche Börse, the German stock exchange.

IR contact

cometis AG
Claudius Krause
Ph.: +49-611-20585528
E-mail: deag@cometis.de