eps Super Leaderboard Summer 2018
Circles Group SL
IFF 2018 Super Leaderboard
x

The latest industry news to your inbox.

    

I'd like to hear about marketing opportunities

    

I accept IQ Magazine's Terms and Conditions and Privacy Policy

news

CTS acquires majority stake in Friends and Partners

The acquisition of Ferdinando Salzano’s rebranded F&P Group follows that of Vertigo, as CTS Eventim bolsters its presence in Italy

By IQ on 09 Nov 2017

Fernando Salzano, Friends and Partners

F&P/Friends and Partners founder and CEO Fernando Salzano


CTS Eventim is to acquire a 60% stake in Ferdinando Salzano’s Friends and Partners, further strengthening its position in the Italian market.

The German live entertainment giant has had a presence in Italy since 2007, when it bought a share of ticketing market leader TicketOne, and in September acquired Italian promoter Vertigo.

Friends and Partners, formed in 2001 as F&P Group, represents more than 40 Italian artists, organising tours by stars including Il Volo, Claudio Baglioni, Ligabue, Nek and Laura Pausini, formerly in partnership with Warner Music. The company also produces concert films and music TV formats for all major Italian TV stations.

By joining CTS Eventim, Friends and Partners will be able to take advantage of Eventim’s global reach, says CEO Klaus-Peter Schulenberg.

“There are many artists that have long been addressing an international audience and who plan their live performances without paying heed to national borders,” comments Schulenberg. “Our aim is to offer them Europe-wide touring opportunities and efficient ticketing services under the CTS Eventim umbrella. For that reason, we are constantly reviewing options for expanding our portfolio.

“I am looking forward to the various opportunities the partnership with a global player like CTS Eventim will provide us”

“I am delighted that with this transaction we further strengthen our market position in Italy.”

Friends and Partners founder Salzano, who will continue to manage the company from its offices in Milan, adds: “I am looking forward very much to the various opportunities that the partnership with a global player like CTS Eventim will provide us and I thank Klaus-Peter Schulenberg and his team for the confidence they place in us. Our joint aim is to project the Friends & Partners success story into the future.

“At the same time, my colleagues and I will remain true to our mission, which is to offer artists, managers and producers a home that helps them realise their creative ambitions. I also extend my thanks at this point to my companions at Warner Music, who have passionately supported and advised my team and myself for almost a decade. I am certain that our paths will cross on various projects in the future.”

 


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.

More news

CTS Eventim acquires Italian promoter Vertigo German ticketing giant CTS has bolstered its presence one of its "most important markets" with the acquisition of 51% of the Perioni brothers' Vertigo
CTS continues Italy roll-up with Vivo acquisition A month after its management buy-out from Warner Music, Clemente Zard's Vivo Concerti is to come under the CTS Eventim umbrella, as the German company...continues to grow
Zard leads management buy-out at Vivo Concerti Warner continues its international live sell-off… with CTS Eventim believed to be waiting in the wings to snap up Vivo Concerti
Italian watchdog ordered to repay €1m to TicketOne... A regional court has ordered the AGCM to refund the €1m it fined TicketOne after finding the company did not, in spite of earlier claims, facilitate...illicit ticket resale
CTS Eventim acquires Italian promoter D’Alessandro... Di and Gi is Eventim's third acquisition in Italy since September 2017 – testament, the company says, to the Italian market's "creativity and...vitality"