CTS cements concert focus with Four Artists buy
CTS Eventim has acquired a majority stake in Alex Richter's promotion/booking outfit, broadening its live offering – and potentially reducing its reliance on ticketing
News By IQ | 30 March 2017
Following an 11.9% fall in turnover last year, CTS Eventim, Europe’s largest ticket agency, has bolstered its live entertainment division with the acquisition of another concerts business, Four Artists – its second new venture of 2017.
A decline in revenues from live entertainment – described as “expected, mainly due to fewer major tours” – was the only disappointing aspect to CTS’s 2016 results, which otherwise saw strong growth of 14.1% and the more than doubling of dividends, to €0.98 per share.
The acquisition, through its Medusa…
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