Arbitration court decides on CTS EVENTIM / Live Nation case

Live Nation’s cancellation of contract declared legitimate / Management board disappointed by ruling

Munich, 12.06.2013. SDAX-listed CTS EVENTIM AG (ISIN DE0005470306) has not succeeded in the legal dispute against Live Nation Entertainment Inc (Live Nation). Claims for damage compensation filed by the Munich based company against Live Nation have now been rejected by the competent ICC Arbitration Court. The management board of CTS EVENTIM AG is disappointed but will accept the ruling without further comments. It is important, after 3 years duration of proceedings, that Eventim is able to fully concentrate on its operational business again. 

Marco Haeckermann
Vice President Corporate Development & Strategy
Frank Brandmaier
Head of Corporate Communications

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