German ticketing giant CTS has bolstered its presence one of its "most important markets" with the acquisition of 51% of the Perioni brothers' Vertigo
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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"
By IQ on 01 Feb 2018
CTS Eventim has bought a 60% stake in Italian concert and festival promoter D’Alessandro e Galli (Di and Gi), in its third acquisition in Italy in the last five months.
The deal follows the acquisition in September of Vertigo and November’s buy-out of Friends and Partners, and “consolidates [CTS’s] leading position in the Italian live entertainment market”, says the company.
“With TicketOne, we have been the leading ticketing provider in Italy for more than ten years,” comments Klaus-Peter Schulenberg, CEO of CTS Eventim. “Now we have progressed, within a very short period, to become the market leader in the live entertainment segment as well. This is a milestone in our internationalisation strategy.
“The Italian market is one of the most diversified and attractive in Europe, and there can hardly be a promoter that symbolises its creativity and vitality as much as D’Alessandro e Galli.”
“There can hardly be a promoter that symbolises the creativity and vitality of the Italian market as much as D’Alessandro e Galli”
Di and Gi, which turned 30 last year, has over the past four decades organised shows by Adele, Justin Bieber, David Bowie, Paul McCartney, Bob Dylan, Elton John, Mark Knopfler, Jennifer Lopez, Ennio Morricone and Paul Simon. It also promotes the Lucca Summer Festival, whose 20th edition in 2017 was featured performances by the Rolling Stones, Green Day, Robbie Williams and Kasabian.
The company will continue to be managed on a day-to-day basis by co-founders Mimmo D’Alessandro and Adolfo Galli. In a joint statement, they comment: “We are delighted to be part of CTS Eventim from this day on. This provides us with access to the resources of a global player that not only has the most sophisticated ticketing platform in the world, but is also able to organise Europe-wide concert tours. We also have an opportunity to continue our company’s special culture: the interests of artists will remain the centre of focus for everything we do at D’Alessandro e Galli.”
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