Eventim's Q1 2019 results show growth in both revenue and earnings, while the company's financial performance has "accelerated" in Q2
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The newly SFX-less promoter and Europe's largest ticketer will join forces to "drive forward the growing genre of electronic dance music in Germany"
By Jon Chapple on 26 Oct 2016
CTS Eventim and Dutch dance music promoter Alda Events have announced plans for a joint venture in Germany.
The JV, which will operate under the Alda brand, will serve vehicle for Alda to enter the German market and for Eventim to expand its presence in electronic/DJ events. Headquartered in Hamburg, it will be 51% owned by CTS Eventim and 49% by Alda.
“With this new joint venture we further strengthen our position in European live entertainment,” says CTS Eventim CEO Klaus-Peter Schulenberg. “Together with our partner, Alda, and their extensive knowledge and international experience in the genre, we will drive forward the growing genre of electronic dance music in Germany.”
“We’re … going to bring electronic dance music in Germany to a whole new level”
Allan Hardenberg, CEO and founder of Alda, who will lead the new company, adds: “We are really thrilled to start this new venture in Germany with a world leading entertainment company like CTS Eventim. “The German market is growing and full of opportunities in the field of electronic dance music.
“We’re planning some exciting new innovative events with CTS Eventim that are going to bring electronic dance music in Germany to a whole new level.”
As of this month, Amsterdam-based Alda – known for organising high-profile tours by Dutch DJs such as Armin van Buuren and Hardwell and for the A Day at the Park, Electronic Family and Amsterdam Music Festival events – is once more solely owned by Hardenberg and co-founder David Lewis after a messy divorce from bankrupt former parent company SFX Entertainment.
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