CTS Eventim takes control of Russian promoter TCI
Live entertainment powerhouse CTS Eventim has expanded into Russia, acquiring 51% of concert promoter Talent Concert International (TCI).
As previously announced at the International Live Music Conference (ILMC) in March, TCI will join the company’s pan-European promoter network Eventim Live. The transaction will be completed in the next few days.
The addition of the Russian promoter brings the total number of countries represented in the network to twelve. The network now comprises 28 promoters, who together organise more than 30 festivals and 5,000 live events each year.
“TCI complements our portfolio perfectly,” comments Eventim CEO Klaus-Peter Schulenberg. “The Russian market is very important to a growing number of internationally popular artists – and few companies bring as many acts from abroad to Russia as TCI. I am sure that our new colleagues will greatly enrich the work of our Eventim Live network of promoters.”
Founded in 1995 by Ed Ratnikov, TCI has organised live performances by Blur, Nick Cave, Deep Purple, Kraftwerk, Limp Bizkit, Motörhead, Rihanna, the Scorpions and Robbie Williams, among others, in its home market. This year, TCI has promoted show by artists including Jennifer Lopez, Rammstein and Whitesnake.
“CTS Eventim is the best possible partner for continuing TCI’s growth story long-term”
TCI founder and president Ratnikov and finance director Nikolay Sinitsyn will continue to serve as the promoter’s senior management, holding the remaining 49% of the company between them.
“CTS Eventim is the best possible partner for continuing TCI’s growth story long-term,” says Ratnikov. “Becoming part of a global player opens up additional opportunities for us and the entire Russian market.”
The TCI founder adds that it is “a great honour” to join Eventim Live, stating that, “we look forward to expanding our new partner’s portfolio with exciting shows, and its geographic reach all the way to the Pacific.”
For Eventim Live managing director Dr Frithjof Pils, the TCI acquisition “strengthens our market position in Europe”, opens up access to “many exciting acts that have long relied on the services of Ed Ratnikov and his team”, and offers Eventim Live promoters a “hassle-free way” to have their acts perform in Russia.
Eventim has owned Russian ticketing provider parter.ru since 2006. Parter this year handled the ticketing for Universiade, “one of the most complex sports projects in Russia”, according to the International Ticketing Yearbook 2019.
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