DEAG acquires majority stake in UK’s Gigantic Tickets
Deutsche Entertainment is increasing its UK presence with a 75% stake in Nottingham's Gigantic, which sells more than 1m tickets annually
News By | 16 December 2019
German live entertainment group DEAG is to acquire a 75% stake in Nottingham-based ticket agency Gigantic, significantly bolstering its UK ticketing business.
Founded in 2007, Gigantic is one of the UK’s largest independent ticket sellers, with some two million registered customers and annual sales of more than a million tickets (via Gigantic.com).
The acquisition – via DEAG’s MyTicket UK (MyTicket Services Ltd) subsidiary – will create synergies between MyTicket.co.uk and MyTicket platforms in Germany and Austria, including expanding the number of non-DEAG-promoted events for which the Berlin-based company sells tickets, according to a DEAG statement.
Gigantic founders Mark Gasson and James Woodward remain shareholders and will continue to manage the company on a long-term basis.
DEAG (Deutsche Entertainment AG) says it expects the number…
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