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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CTS, formerly a partner alongside Danish film studio Nordisk Film, has acquired growing Scandinavian ticketing platform Venuepoint in its entirety
By Jon Chapple on 07 Aug 2018
CTS Eventim is now the sole owner of Scandinavian ticket agency Venuepoint, after acquiring all remaining shares from its former partner Nordisk Film.
Germany’s CTS bought into Venuepoint in March 2016. The company is, according to the ITY 2017, a market leader in Denmark, Norway and Sweden, through its Billetlugen, Eventim.no and Eventim.se platforms, respectively. All Venuepoint platforms are in the process of being migrated to CTS Eventim’s systems.
Venuepoint CEO Jens B. Arnesen, who will stay on in his current role, comments: “Personally, and on behalf of my colleagues, I want to thank Nordisk Film for all their confidence and dedication. At the same time, I’m looking forward to further developing our business with the unique expertise of Europe’s leading ticketing provider, CTS Eventim.
“I am sure we will benefit … from the new, simplified ownership structure”
“I am sure that we will benefit not only from their resources and network, but also from the new and simplified ownership structure.”
“The Scandinavian countries are particularly attractive to us, not only because of their spending power, but also because of their strong digital affinity,” adds Alexander Ruoff, COO of CTS Eventim. “Therefore, we are very much looking forward to actively contributing to Venuepoint’s further growth over the long term. At the same time, I sincerely thank our former co-owners at Nordisk Film for our trustful collaboration and all the progress we have achieved over the past two years.”
Asger Flygare Bech-Thomsen, CEO of Nordisk Film Cinemas, says Eventim is “the best possible sole owner” to “take Venuepoint to the next level”.
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