Kai Ricke, who has been with DEAG/myticket for two and a half years, will exit to focus on new opportunities in March 2018
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Germany's venerable music biz title will shut its doors in July as it approaches "the point where we cannot sustain our business", says editor Stefan Zarges
By Jon Chapple on 22 Jun 2016
German music industry magazine Musikmarkt is to cease publication next month.
The Musikmarkt news website will also be shut down in July, says editor Stefan Zarges, who announced the news with “great sadness” in his most recent editor’s letter.
“It was a hard decision,” writes Zarges, “but in spite of new ideas, business models and permanent adjustment of the market we’re approaching the point where we cannot sustain our business.”
Musikmart was launched in 1959 by Munich publisher Josef Keller Verlag and has long been, along with newer competitor MusikWoche, one of Germany’s leading music business publications. Like MusikWoche (and its English-language namesake, Music Week), Musikmarkt is published weekly and contains the official German top 100 singles and album charts.
“Musikmarkt has taken part in all the ups and downs of the music industry and made music history by itself,” continues Zarges. “After years of crisis and pessimism the industry succeeded in reinventing itself, which made us feel optimistic about the future. It is a great pity that we cannot support these positive developments any more.
“I would like to express my sincere thanks to our partners for [their] cooperation in recent years and wish them success and all the best for the future.”
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