Munich, 6 March 2009 – CTS EVENTIM and Live Nation will fully honour their commitments
under the ten-year agreement they concluded in December 2007. A planned merger of Live
Nation and Ticketmaster will have no detrimental impact on the partnership. This has now
been confirmed by the two companies in Germany and the U.S.A. “This removes all
speculation. We have never doubted the contractual fidelity of Live Nation”, commented
Klaus-Peter Schulenberg, CEO of CTS EVENTIM AG.
The Munich-based CTS EVENTIM AG group, which is listed on the SDAX exchange (ISIN
DE0005470306), is leader of the European ticketing market and a provider of live
entertainment; Live Nation Worldwide Inc. is domiciled in Los Angeles and is the world’s
biggest live events company. In December 2007, the two companies agreed on the terms of
an extensive alliance. The essence of the alliance is that Live Nation receive a licence for
CTS ticketing software in North America and that CTS EVENTIM take over the ticketing
operation on behalf of Live Nation for many national markets in Europe.
In North America, Live Nation is successfully deploying the ticketing software developed by
CTS EVENTIM. Most Live Nation venues have meanwhile been switched to the CTS
EVENTIM systems, and pre-sales for major concert tours in 2009 are now being handled with
the new software. In Europe, CTS EVENTIM has already taken over the ticketing operation
for Live Nation using its existing infrastructure in Sweden, Finland, Poland and the
Netherlands, with the Czech Republic, Hungary, Great Britain and Norway to follow shortly.
About CTS EVENTIM
CTS EVENTIM AG, listed in the SDAX index (ISIN DE 0005470306), is Europe’s market leader in the ticketing field and one of the leading providers of Live Entertainment. More than 70 million tickets for well over 100,000 events are sold annually using systems developed and marketed by the EVENTIM Group. In addition to more than 8,000 stationary box offices throughout Europe, sales via the Internet and especially via the www.eventim.de and www.getgo.de portals are gaining increasing importance.