DEAG acquires majority stake in Indian Spirit fest
One of the biggest psytrance festivals in Europe, the event has been held in Eldena in Mecklenburg-Western Pomerania since 1999
News By James Hanley | 18 October 2022
DEAG has acquired a majority stake in the German’s Indian Spirit, which is billed as one of the biggest psytrance festivals in Europe.
Featuring leading psytrance (psychedelic trance) DJs, the event has been held in Eldena, near Ludwigslust in Mecklenburg-Western Pomerania, since 1999 and attracts around 20,000 visitors every year.
The announcement comes days after DEAG expanded its interests in the family entertainment sector by signing a cooperation agreement with Dresdner Weihnachts-Circus.
“We have a strong international position and a well-balanced portfolio, which we are continuously expanding in a rapidly growing market”
“Indian Spirit is an excellent addition to our current range of music festivals,” says DEAG founder and CEO Peter Schewenkow. “We have a strong international position and a well-balanced portfolio, which we are continuously…
You've used your free article this month
Create a free account to read 3 articles per month, or subscribe for unlimited access.
