Munich/Barcelona, 22 May 2018. CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, is acquiring a majority (63.5%) share in Doctor Music, the major Spanish promoter of concerts and festivals. With this transaction, CTS EVENTIM is broadening its international base still further and now has a presence in Spain with its Live Entertainment segment, too. The company already owns entradas.com, one of the country’s leading ticketing providers.
Klaus-Peter Schulenberg, CEO of CTS EVENTIM, said ‘The Spanish market has shown encouraging growth in recent years and is one of the most important destinations for artists from across the world. In the future, we will be able to offer them not only efficient ticketing, but also a range of tour options. With its international portfolio of artists and inventory strengths, Doctor Music is the ideal partner for this advance.’
Doctor Music CEO Neo Sala commented that ‘We were one of the first concert promoters to bring the greatest pop-rock stars to Spain, 35 years ago. Since then, Doctor Music has worked tirelessly to put Spain on the international rock and pop stage. This partnership is a huge leap forward for my team and myself, allowing us to tap the resources and the network of a global player to offer both artists and fans the best services, for an unforgettable live experience.’
In the coming months, Doctor Music will be presenting shows by globally renowned stars like Beth Ditto, Bruno Mars, Camila Cabello, Jason Derulo, Katy Perry, Parov Stelar, Shawn Mendes and Texas. The company recently also announced that it will be reviving the legendary ‘Doctor Music Festival’ in the Pyrenean village of Escalarre in July 2019, after a 20-year absence.
The acquisition itself, which includes the legal entities Big Tours S.L. and In Cow We Trust S.L., is complete and follows four acquisitions for CTS EVENTIM in Italy since September.
About CTS EVENTIM
CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. In 2017, more than 250 million tickets were marketed using the company’s systems – through stationary box offices, online or mobile. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like ‘Rock am Ring’, ‘Rock im Park’, ‘Hurricane’ and ‘Southside’. In addition, some of Europe’s most renowned venues are operated by CTS EVENTIM, for example the LANXESS arena in Cologne, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS EVENTIM AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and has been a member of the MDAX segment since 2015. In 2017, its 3,020-strong workforce generated more than one billion Euro in revenues in 23 countries.
About Doctor Music
Doctor Music Concert Promoters was founded in 1982 by Neo Sala. Under his management, it grew to become one of Spain’s leading concert and festival promoters. Doctor Music has organised the Spanish tours of Adele, the Black Eyed Peas, Bon Jovi, Bruce Springsteen, Dire Straits, Eminem, Justin Bieber, Leonard Cohen, Michael Jackson, Nick Cave, Pink Floyd, Prince, Radiohead, Red Hot Chili Peppers, R.E.M., Robbie Williams, Rolling Stones and Tina Turner.
Doctor Music broke records in 1992 with Dire Straits’ ‘On Every Street’ tour by selling over half a million tickets, making it the biggest selling tour ever by a foreign act in Spain; a record that stands today. In 2008, Doctor Music established another milestone with Bruce Springsteen’s Spanish tour and became the first Spanish promoter to hold three top ten positions in Billboard’s ‘Boxscore’ charts for worldwide concert takings in one week; a title the company still holds.
22 years after its first edition, the legendary Doctor Music Festival is still the most important non-urban festival ever celebrated in Southern Europe, with four editions (1996, 1997, 1998 and 2000). Doctor Music recently announced a ‘Reincarnation Edition’ in July 2019, at the original site in the Spanish Pyrenees.