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CTS boosts revenue, earnings for another record year

German live entertainment powerhouse CTS Eventim reported record revenue and earnings for the 2019 financial year.

Group revenue rose by 16.2% in 2019 to a total of €1.44 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA) also grew substantially, increasing 25.6% from €228.1 million in 2018 to €286.5m in 2019.

Ticketing and live entertainment both contributed to the growth, with live entertainment revenue increasing 21.3% to 985.8m – over €170m more than in 2018 – and ticketing growing 7.7% from the year before to €481.6m.

Earnings in both sectors saw strong growth, with EBITDA more than doubling in live entertainment, increasing from €32.3m in 2018 to €66.1m last year. In ticketing, EBITDA increased 12.6% to €220.4m.

The company puts its growth down to major tours by the likes of Ed Sheeran and to the activities of those in its fast-expanding Eventim Live promoter network, which has grown from an initial 26 promoters across 9 countries to 34 tour operators in 15 markets.

Most recently, Eventim partnered with global touring pioneer Michael Cohl, signalling its intention to expand outside of Europe.

“We continued to grow significantly over 2019, while at the same time enhancing our market position at both national and international level”

Improvements to the company’s ecommerce operations facilitated a 5.6% increase in the number of tickets sold by webshops operated by the CTS Group, with 57.3m tickets sold over the year.

“In 2019 we delivered impressive proof of the successfulness and profitability of our integrated business model comprising ticketing services, live entertainment and content,” comments CTS Eventim CEO Klaus-Peter Schulenberg.

“We continued to grow significantly over 2019, while at the same time enhancing our market position at both national and international level. The venues we operate also showed encouraging growth and are among the best in the world.”

Eventim’s venue portfolio includes the 18,000-capacity Lanxess Arena in Cologne, the 22,000-capacity Waldbühne in Berlin and the 5,000-capacity Eventim Apollo in London.

“CTS Eventim has long been an integrated entertainment corporation that offers its customers a full and highly diversified range of live events,” adds Schulenberg. “The company is constantly developing and changing, adapting itself to the needs and requirements of new markets and a new age.”

The full CTS Eventim annual report will be published on 17 March 2020 and will be available for download here.

Photo: GEDANKENtanken GmbH/Wikimedia Commons (CC BY-SA 4.0) (cropped)

 


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The Cult awarded for sell-out UK tour

Veteran British rockers the Cult celebrated the 30th anniversary of their fourth album, Sonic Temple, with a sold-out UK tour that sold over 25,000 tickets.

Promoted by Kilimanjaro Live, the UK leg of the Sonic Temple tour saw the band play venues including Rock City (2,000-cap.) in Nottingham, the O2 Apollo Manchester (3,500-cap.), Portsmouth Guildhall (2,500-cap.) and the Eventim Apollo (5,000-cap.) in Hammersmith throughout October.

Pictured at side stage after the Hammersmith Apollo date on 27 October are (L–R) agent Steve Zapp of ITB, Cult band members Billy Duffy and Ian Astbury, and Kili promoter Alan Day.

 


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Apollo Nights Summer Series to make 2020 return

London-based concert promoter Senbla celebrates the success of the inaugural Apollo Nights Summer Series, which took place from 16 to 20 July in partnership with the 5,000-capacity Eventim Apollo.

The promoter has confirmed that the concert series will return for a second year in July 2020.

The five-night long debut series saw performances from Marc Almond and George Benson, as well as two joint shows from Burt Bacharach and Joss Stone.

Non-dining tickets for the Apollo Nights Summer Series were priced from £39.50 for Marc Almond and £45 for other shows.

Guests could also opt for a dining experience, curated by chef Bryn Williams.

“When I first came to visit the newly restored Apollo, I was struck by what a beautiful venue this really is,” comments Senbla managing director Ollie Rosenblatt. Since opening in 1932, the grade II-listed venue has hosted acts such as the Beatles, David Bowie, Queen, Robbie Williams and Kylie Minogue.

“When I first came to visit the newly restored Apollo, I was struck by what a beautiful venue this really is”

Rosenblatt explains that the idea to “combine the best of food with music” came from viewing award shows at the venue.

“The response and feedback from both consumers and artists have been overwhelmingly positive,” adds Rosenblatt. “For 2020 the aim is to build on this.”

Darren Murphy, general manager of the Eventim Apollo, says he was “delighted” to collaborate with Senbla to put on the concert series.

“It was a rare opportunity to work with a promoter who brings music experiences to life and it was a delight to host the shows with these talented artists in our iconic venue,” says Murphy.

Senbla puts on more than 200 concerts and shows a year throughout the UK. Sony Music Masterworks recently took a majority stake in the promoter, as both look to expand offerings in the live industry.

 


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