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DreamHaus merges with Peter Rieger Konzertagentur

CTS Eventim’s Peter Rieger Konzertagentur (PRK) and DreamHaus are merging to form a combined company, PRK DreamHaus.

CTS has announced its German subsidiaries are pooling their strengths to “create additional synergies, optimise management structures and drive growth even more effectively”.

The new firm will be led jointly by Klaus-Peter (Matze) Matziol and Matt Schwarz, the current managing directors of Cologne-based PRK and Berlin-based DreamHaus, respectively, with Tobi Habla to be appointed as an additional MD. The sites and existing teams will remain unchanged.

“The merger between PRK Peter Rieger Konzertagentur and DreamHaus will optimally position the company so that it can continue growing and sustainably strengthen its live entertainment presence within a challenging market environment,” says CTS CEO Klaus-Peter Schulenberg. “With the combined expertise and dedication of both teams, we are ideally equipped to seize new opportunities and invest maximum energy in developing the newly merged company. I wish Matze, Matt and their teams the very best for this new phase.”

Schwarz and Matziol will work together closely to share their knowledge and continue driving future growth.

“This strategic transition should ensure that, even when Matziol steps down at a later date, the subsequent changes will occur seamlessly”

“This strategic transition should ensure that, even when Matziol steps down at a later date, the subsequent changes will occur seamlessly and in a future-focused way for the company, the artists and the partners,” adds the company.

PRK was founded in 1983 by Peter Rieger and has been led by Matziol since 2015. Rieger passed away in 2017 aged 63. CTS has been the majority stakeholder in the company – which has promoted acts such as David Bowie, P!nk, Cher, U2, Prince, the Rolling Stones, Whitney Houston, Tina Turner and Paul McCartney – since 2000.

DreamHaus was founded by former Live Nation GSA MD/COO Schwarz in 2021 as a subsidiary of the CTS Eventim Group. It stages Germany’s Rock am Ring and Rock im Park festivals, and has worked with international artists including Green Day, Slipknot, Måneskin and Muse.

CTS share price rose slightly today (19 September) to €87.35, giving the firm a market cap of €8.39 billion.

 


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