{"id":19676,"date":"2017-08-18T17:32:17","date_gmt":"2017-08-18T15:32:17","guid":{"rendered":"https:\/\/wordpress-783423-2671269.cloudwaysapps.com\/?p=19676"},"modified":"2022-03-10T05:36:56","modified_gmt":"2022-03-10T04:36:56","slug":"august-18-2017-deag-pushing-ahead-with-international-expansion-acquiring-british-promoter-flying-music-group","status":"publish","type":"post","link":"https:\/\/dev.cometis.de\/en\/august-18-2017-deag-pushing-ahead-with-international-expansion-acquiring-british-promoter-flying-music-group\/","title":{"rendered":"<span id=\"2017\" class=\"Postdate\">18 August 2017<\/span> | DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group"},"content":{"rendered":"<p>[et_pb_section admin_label=&#8221;section&#8221;][et_pb_row admin_label=&#8221;Zeile&#8221; make_fullwidth=&#8221;off&#8221; use_custom_width=&#8221;off&#8221; width_unit=&#8221;on&#8221; use_custom_gutter=&#8221;off&#8221; custom_padding=&#8221;||0px|&#8221; padding_mobile=&#8221;off&#8221; allow_player_pause=&#8221;off&#8221; parallax=&#8221;off&#8221; parallax_method=&#8221;off&#8221; make_equal=&#8221;off&#8221; parallax_1=&#8221;off&#8221; parallax_method_1=&#8221;off&#8221; parallax_2=&#8221;off&#8221; parallax_method_2=&#8221;off&#8221; column_padding_mobile=&#8221;on&#8221;][et_pb_column type=&#8221;1_2&#8243;][et_pb_text admin_label=&#8221;Text&#8221; background_layout=&#8221;light&#8221; text_orientation=&#8221;left&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<style>\n.zur\u00fcckbutton:before {\n    display: inline-block;\n    font-family: \"ETmodules\";\n    content: \"4a\";\n    color: #00225f;\n    margin-right: 7px;\n}\n.zur\u00fcckbutton:hover:before {\n    display: inline-block;\n    font-family: \"ETmodules\";\n    content: \"4a\";\n    color: #d85710;\n    margin-right: 7px;\n}\n<\/style>\n<h1 style=\"text-align: justify;\">Corporate news<\/h1>\n<p> <a class=\"zur\u00fcckbutton\" href=\"https:\/\/dev.cometis.de\/en\/publication-archive-deag\">to the archive<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243;][et_pb_image admin_label=&#8221;Bild&#8221; src=&#8221;https:\/\/dev.cometis.de\/wp-content\/uploads\/2018\/08\/Logo-DEAG-entertainment-GROUP_4c_neg-02_600px.png&#8221; show_in_lightbox=&#8221;off&#8221; url_new_window=&#8221;off&#8221; use_overlay=&#8221;off&#8221; animation=&#8221;off&#8221; sticky=&#8221;off&#8221; align=&#8221;right&#8221; force_fullwidth=&#8221;off&#8221; always_center_on_mobile=&#8221;on&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<p>[\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;row&#8221;][et_pb_column type=&#8221;4_4&#8243;][et_pb_text admin_label=&#8221;Text&#8221; background_layout=&#8221;light&#8221; text_orientation=&#8221;left&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221; saved_tabs=&#8221;all&#8221;]<\/p>\n<h1>DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group<\/h1>\n<p>2017-08-18 17:21:01<br \/>\nDGAP-News: DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group<\/p>\n<p>DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft \/ Key word(s): Takeover<\/p>\n<p>18.08.2017 \/ 17:21<br \/>\nThe issuer is solely responsible for the content of this announcement.<\/p>\n<p>Corporate News<\/p>\n<p>DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group<\/p>\n<p>&#8211; DEAG takes major stake in British promoter Flying Music Group<\/p>\n<p>&#8211; Profitable expansion strategy in the UK continues<\/p>\n<p>&#8211; Synergy effects result for DEAG&#8217;s Live Entertainment and Ticketing business<\/p>\n<p>Berlin, August 18, 2017 &#8211; DEAG Deutsche Entertainment AG (DEAG), Berlin, listed on the Prime Standard &#8211; ISIN DE000A0Z23G6, WKN A0Z23G &#8211; is acquiring a majority shareholding of British promoter Flying Music Group Holding Ltd. through its British subsidiary Kilimanjaro Holdings Ltd. In fiscal year 2016\/2017, the Flying Music Group, which has been profitable since its inception, generated sales of around EUR 20 million. With the future sales contribution of the Flying Music Group, the DEAG Group&#8217;s sales in the UK are expected to increase to over EUR 100 million in 2018. DEAG is thus continuing its strategy of profitable growth in an international environment.<\/p>\n<p>The Flying Music Group has successfully established itself as a tour, musical and theatrical production producer and promoter over the last 30 years. The Flying Music Group&#8217;s shows include the long running West End Hit &#8220;THRILLER &#8211; Live,&#8221; celebrating the music of MICHAEL JACKSON (that has now played to over 3 million people), the Olivier Award nominated &#8220;The Rat Pack Live from Las Vegas,&#8221; and the stage adaption of &#8220;The Kite Runner,&#8221; which is currently enjoying its second West End run with huge critical acclaim.<\/p>\n<p>By acquiring a majority in the British promoter, DEAG gives itself a more heterogeneous and wider range of events, making it one of the leading promoters and theatrical producers in the UK. With this diversified event portfolio, DEAG will generate significant sales potential as well as strategic options for the Group&#8217;s entire European business. With its event expertise, the Flying Music Group complements DEAG&#8217;s international portfolio of events and will allow the company to continue to grow, especially in the area of Family Entertainment but also in the areas of Musicals and Theatre. In addition to the positive effects for DEAG&#8217;s international Live Entertainment business, the Executive Board expects up to an additional 500,000 ticket sales a year for DEAG&#8217;s ticketing business in the UK (myticket.co.uk).<\/p>\n<p>Detlef Kornett, the Executive Board member responsible for DEAG&#8217;s international business, confirms DEAG&#8217;s trajectory in the UK: &#8220;The integration of the Flying Music Group into the DEAG Group is another fundamental step into our second home market in the UK. It sees us expand Kilimanjaro&#8217;s and our footprint as we continue to grow profitably. This transaction will also give us excellent opportunities for cooperation with outstanding productions in our core markets, across Europe and worldwide.&#8221;<\/p>\n<p>Stuart Galbraith, CEO and Partner of DEAG at Kilimanjaro Live, adds: &#8220;These are exciting times for DEAG and Kilimanjaro. Our core business of live music is continuously growing. We are expecting to have another record year in 2018 with more than two million tickets sold in the UK. We have also been able to achieve the growth of the last three years by diversifying our business model beyond live music into projects such as &#8220;The Illusionists,&#8221; &#8220;Tape Face&#8221; and &#8220;Dinosaurs in the Wild&#8221;. The Flying Music Group deal is another important step in our expansion into West end touring musicals and theatre. The huge experience of Paul and Derek and the Flying Music Group makes it a strong, complimentary partner. We&#8217;re looking forward to working together with DEAG to continue the Flying Music Group&#8217;s growth in the UK and worldwide.&#8221;<\/p>\n<p>Paul Walden and Derek Nicol, both CEOs of the Flying Music Group, commented on the newly formed partnership: &#8220;As an independent promoter, this is an exciting development for the Flying Music Group. As our company continues to grow, we&#8217;re excited to be entering into a new chapter with the combined international strength of Kilimanjaro Live and DEAG behind us. We have known and admired Stuart and his team for many years and are looking forward to working together in the future.&#8221;<\/p>\n<p>About DEAG<\/p>\n<p>DEAG Deutsche Entertainment AG (DEAG) is an integrated entertainment company and a leading provider of live entertainment in Europe with subsidiaries in its core markets. 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&#8217;s profitability and scales its business model. DEAG organizes about 2,000 concerts and events a year, selling more than 5 million tickets at present, a steadily increasing part of which is sold via its high-turnover online distribution channel MyTicket.<\/p>\n<p>Live events range from rock\/pop, classic &#038; jazz, the strongly growing Family Entertainment division as well as Arts + Exhibitions. The festivals and family entertainment divisions are particularly fundamental for the further development of DEAG&#8217;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 B\u00f6rse, the German stock exchange.<\/p>\n<p>IR contact<\/p>\n<p>cometis AG<br \/>\nClaudius Krause<br \/>\nPhone: +49-611-20585528<br \/>\nEmail: deag@dev.cometis.de<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corporate news to the archive DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group 2017-08-18 17:21:01 DGAP-News: DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft \/ Key word(s): Takeover 18.08.2017 \/ 17:21 The issuer is solely responsible for the content of this announcement. [&hellip;]<\/p>\n","protected":false},"author":24813,"featured_media":54374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"[et_pb_section admin_label=\"section\"][et_pb_row admin_label=\"Zeile\" make_fullwidth=\"off\" use_custom_width=\"off\" width_unit=\"on\" use_custom_gutter=\"off\" custom_padding=\"||0px|\" padding_mobile=\"off\" allow_player_pause=\"off\" parallax=\"off\" parallax_method=\"off\" make_equal=\"off\" parallax_1=\"off\" parallax_method_1=\"off\" parallax_2=\"off\" parallax_method_2=\"off\" column_padding_mobile=\"on\"][et_pb_column type=\"1_2\"][et_pb_text admin_label=\"Text\" background_layout=\"light\" text_orientation=\"left\" use_border_color=\"off\" border_color=\"#ffffff\" border_style=\"solid\"]\r\n\r\n<style>\r\n.zur\u00fcckbutton:before {\r\n    display: inline-block;\r\n    font-family: \"ETmodules\";\r\n    content: \"4a\";\r\n    color: #00225f;\r\n    margin-right: 7px;\r\n}\r\n.zur\u00fcckbutton:hover:before {\r\n    display: inline-block;\r\n    font-family: \"ETmodules\";\r\n    content: \"4a\";\r\n    color: #d85710;\r\n    margin-right: 7px;\r\n}\r\n<\/style>\r\n<h1 style=\"text-align: justify;\">Corporate News<\/h1> <a class=\"zur\u00fcckbutton\" href=\"https:\/\/dev.cometis.de\/veroeffentlichungsarchiv-deag\">zum Archiv<\/a>\r\n\r\n[\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_2\"][et_pb_image admin_label=\"Bild\" src=\"https:\/\/dev.cometis.de\/wp-content\/uploads\/2018\/08\/Logo-DEAG-entertainment-GROUP_4c_neg-02_600px.png\" show_in_lightbox=\"off\" url_new_window=\"off\" use_overlay=\"off\" animation=\"off\" sticky=\"off\" align=\"right\" force_fullwidth=\"off\" always_center_on_mobile=\"on\" use_border_color=\"off\" border_color=\"#ffffff\" border_style=\"solid\"]\r\n\r\n\r\n\r\n[\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=\"row\"][et_pb_column type=\"4_4\"][et_pb_text admin_label=\"Text\" background_layout=\"light\" text_orientation=\"left\" use_border_color=\"off\" border_color=\"#ffffff\" border_style=\"solid\" saved_tabs=\"all\"]\r\n\r\n<h1><strong>DEAG AG: <b>DEAG treibt internationale Expansion voran und \u00fcbernimmt den britischen Veranstalter Flying Music Group<\/b><\/strong><\/h1>\r\n\u00a0\r\n\r\n<b>-\u00a0<\/b>DEAG erwirbt Mehrheitsbeteiligung an dem britischen Promoter Flying Music Group\r\n\r\n- Profitable Expansionsstrategie in Gro\u00dfbritannien wird damit fortgesetzt\r\n\r\n- Synergieeffekte ergeben sich im Live Entertainment- wie auch im Ticketing-Gesch\u00e4ft der DEAG\r\n\r\n<b>Berlin, 18. August 2017<\/b>\u00a0- Die im Prime Standard notierte DEAG Deutsche Entertainment AG (DEAG), Berlin, (ISIN: DE000A0Z23G6, WKN: A0Z23G), erwirbt \u00fcber ihre britische Tochtergesellschaft Kilimanjaro Holdings Ltd. die Mehrheitsbeteiligung an dem britischen Promoter Flying Music Group Holding Ltd. Im abgelaufenen Gesch\u00e4ftsjahr 2016\/2017 erzielte die seit Gr\u00fcndung profitable Flying Music Group rund 20 Mio. EUR Umsatz. Mit dem zuk\u00fcnftigen Umsatzbeitrag der Flying Music Group wird sich der in Gro\u00dfbritannien erwirtschaftete Umsatz des DEAG-Konzerns im Gesch\u00e4ftsjahr 2018 voraussichtlich auf \u00fcber 100 Mio. EUR steigern. Damit setzt DEAG die Strategie des profitablen Wachstums im internationalen Umfeld fort.\r\n\r\nDie Flying Music Group ist seit mehr als 30 Jahren als Tournee-, Musical- und Theaterproduzent und -veranstalter erfolgreich etabliert. Shows der Flying Music Group sind unter anderem der Dauerbrenner und Westend-Hit \"THRILLER - Live\" mit bisher mehr als 3 Millionen Zuschauern, welche die Musik von Michael Jackson wieder aufleben l\u00e4sst, \"The Rat Pack Live from Las Vegas\", die f\u00fcr einen Olivier-Award nominiert war, oder die B\u00fchneninszenierung von \"The Kite Runner\", die aktuell in der zweiten Spielzeit im Westend aufgef\u00fchrt wird und gro\u00dfes Lob von den Kritikern erh\u00e4lt.\r\n\r\nDurch den Erwerb der Mehrheit an dem britischen Promoter verf\u00fcgt DEAG \u00fcber ein noch heterogeneres und breiteres Veranstaltungsangebot und z\u00e4hlt damit zu den f\u00fchrenden Promotern und Theaterproduzenten in Gro\u00dfbritannien. Mit diesem diversifizierten Event-Portfolio ergeben sich f\u00fcr die DEAG erhebliche Umsatzpotenziale sowie strategische Optionen f\u00fcr das Gesamtgesch\u00e4ft des Konzerns in Europa. So erg\u00e4nzt die Flying Music Group mit ihrer Event-Expertise das internationale Veranstaltungs-Portfolio der DEAG in komplement\u00e4rer Weise und erm\u00f6glicht es der Gesellschaft insbesondere im Family Entertainment, auch in den Bereichen Musical- und Theater-Veranstaltungen, weiter zu wachsen. \u00dcber die positiven Effekte f\u00fcr das internationale Live-Entertainment-Gesch\u00e4ft der DEAG hinaus, erwartet der Vorstand aus den bis zu 500.000 zus\u00e4tzlichen Tickets pro Jahr zudem Wachstumsimpulse f\u00fcr das Ticketing-Gesch\u00e4ft der DEAG in Gro\u00dfbritannien (myticket.co.uk).\r\n\r\nDetlef Kornett, Vorstandsmitglied und verantwortlich f\u00fcr das internationale Gesch\u00e4ft der DEAG, sieht den bisherigen Weg der DEAG in Gro\u00dfbritannien best\u00e4tigt: \"Die Integration der Flying Music Group in den DEAG-Konzern ist ein weiterer elementarer Schritt auf unserem zweiten Heimatmarkt in Gro\u00dfbritannien. Wir erweitern damit Kilimanjaros sowie unseren Footprint und werden weiter profitabel wachsen. Zudem sehen wir mit dieser Transaktion ausgezeichnete Chancen zur Zusammenarbeit mit hervorragenden Produktionen in unseren Kernm\u00e4rkten, in ganz Europa und auch weltweit.\"\r\n\r\nStuart Galbraith, CEO und Partner der DEAG bei Kilimanjaro Live, erg\u00e4nzt: \"F\u00fcr DEAG und Kilimanjaro sind das spannende Zeiten. Unser Kerngesch\u00e4ft Live-Musikveranstaltungen w\u00e4chst kontinuierlich. 2018 werden wir mit mehr als zwei Millionen verkauften Tickets in Gro\u00dfbritannien voraussichtlich ein weiteres Rekordjahr verzeichnen. Unser Wachstum in den vergangenen drei Jahren konnten wir auch dadurch erreichen, indem wir unser Gesch\u00e4ftsmodell \u00fcber die Live-Musikveranstaltungen hinaus mit Projekten wie \"The Illusionists\", \"Tape Face\" und \"Dinosaurs in the Wild\" diversifiziert haben. Der Deal mit der Flying Music Group ist ein weiterer wichtiger Schritt f\u00fcr unsere Expansion im Westend-Touring-Gesch\u00e4ft in den Bereichen Musical und Theater. Angesichts der gro\u00dfen Erfahrung von Paul und Derek ist das Management der Flying Music Group ein geeigneter starker Partner f\u00fcr Kilimanjaro Live. Wir freuen uns auf die Zusammenarbeit, um gemeinsam mit der DEAG den Wachstumskurs der Flying Music Group in Gro\u00dfbritannien und weltweit weiter voranzutreiben.\"\r\n\r\nPaul Walden und Derek Nicol, beide CEO der Flying Music Group, kommentieren die neu entstandene Partnerschaft: \"Als unabh\u00e4ngiger Promoter ist das ein aufregender Schritt f\u00fcr die Flying Music Group. W\u00e4hrend unser Unternehmen weiter w\u00e4chst, freuen wir uns, unterst\u00fctzt durch die bei Kilimanjaro Live und DEAG geb\u00fcndelte internationale Erfahrung, ein neues Kapitel unserer Unternehmensgeschichte aufzuschlagen. Wir kennen und sch\u00e4tzen Stuart und sein Team schon seit vielen Jahren und blicken mit Freude der zuk\u00fcnftigen Zusammenarbeit entgegen.\"\r\n\r\n\u00a0\r\n\r\n<b>\u00dcber DEAG<\/b>\r\n\r\nDie DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) ist ein f\u00fchrender Entertainment-Dienstleister und Anbieter von Live-Entertainment in Europa und mit Konzerngesellschaften in ihren Kernm\u00e4rkten pr\u00e4sent. DEAG produziert und veranstaltet profitabel ein breites Spektrum an Events und Konzerten. Als Live-Entertainment-Dienstleister mit integriertem Gesch\u00e4ftsmodell verf\u00fcgt DEAG \u00fcber umfassende Expertise in der Organisation, Vermarktung und Durchf\u00fchrung von Events sowie im Ticketvertrieb \u00fcber die eigene Ticketing-Plattform \"MyTicket\" f\u00fcr eigenen und Dritt-Content. Das hoch skalierbare Gesch\u00e4ftsmodell von MyTicket st\u00e4rkt die DEAG auf ihrem Weg zu steigender Profitabilit\u00e4t. Rund 4.000 Konzerte und Events f\u00fchrt DEAG pro Jahr durch und setzt dabei aktuell \u00fcber 5 Mio. Tickets um - davon ein best\u00e4ndig wachsender Anteil \u00fcber die ertragsstarken Ticketing-Plattformen von MyTicket.\r\n\r\nGegr\u00fcndet 1978 in Berlin und b\u00f6rsennotiert seit 1998, umfassen die Kern-Gesch\u00e4ftsfelder der DEAG die Bereiche Rock\/Pop, Classics & Jazz, Family-Entertainment sowie Arts+Exhibitions. Insbesondere Family-Entertainment und Arts+Exhibitions sind elementare Bausteine f\u00fcr die Weiterentwicklung des eigenen Contents. Mit ihrem starken Partnernetzwerk ist DEAG hervorragend im Markt als international t\u00e4tiger Live-Entertainment-Dienstleister positioniert.\r\n\r\nDie Aktien der DEAG (ISIN: DE000A0Z23G6 | WKN: A0Z23G | ERMK) notieren im Prime Standard der Frankfurter Wertpapierb\u00f6rse, dem Qualit\u00e4tssegment der Deutschen B\u00f6rse.\r\n\r\n<b>IR-Kontakt<\/b>\r\n\r\ncometis AG\r\nClaudius Krause\r\nTel: +49-611-20585528\r\nE-Mail:\u00a0<a href=\"mailto:deag@dev.cometis.de\" target=\"_blank\" rel=\"noopener\">deag@dev.cometis.de<\/a>\r\n\r\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[322,448],"tags":[490],"class_list":["post-19676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deag-corporate-news-en","category-news-en","tag-490"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>18 August 2017 | DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group - cometis AG<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"18 August 2017 | DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group - cometis AG\" \/>\n<meta property=\"og:description\" content=\"Corporate news to the archive DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group 2017-08-18 17:21:01 DGAP-News: DEAG pushing ahead with international expansion, acquiring British promoter Flying Music Group DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft \/ Key word(s): Takeover 18.08.2017 \/ 17:21 The issuer is solely responsible for the content of this announcement. 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