CTS EVENTIM bolsters live entertainment business in Italy by acquiring majority stake in D ...

Image: Adolfo Galli (left) Mimmo D'Alessandro (right)

CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, is acquiring 60 percent of the shares in D'Alessandro e Galli (Di and Gi), the Italian promoter of festivals and concerts. By inking the deal, CTS EVENTIM is bolstering its position in the Italian live entertainment market, following the takeovers of Vertigo and Friends & Partners in 2017. The transaction, which has already been put into effect, gives CTS EVENTIM access to an attractive portfolio of festivals and artists which strategically complements the company's existing activities in Italy.

Klaus-Peter Schulenberg, CEO of CTS EVENTIM, commented that 'With TicketOne, we have been the leading ticketing provider in Italy for more than ten years. Now we have progressed, within a very short period, to become the market leader in the live entertainment segment as well. This is a milestone in our internationalisation strategy. The Italian market is one of the most diversified and attractive in Europe – and there can hardly be a promoter that symbolises its creativity and vitality as much as D'Alessandro e Galli.'

Di and Gi celebrated its 30th-anniversary last year and has established itself during that time as one of the leading promoters of festivals, tours and concerts in Italy. Artists whose shows in Italy have been organised by Di and Gi in recent years include Adele, Justin Bieber, David Bowie, Paul McCartney, Bob Dylan, Elton John, Mark Knopfler, Jennifer Lopez, Ennio Morricone and Paul Simon. The annual festival highlight is the internationally renowned 'Lucca Summer Festival', which took place for the 20^th time in 2017 and drew more than 120,000 visitors to Tuscany, thanks to acts like the Rolling Stones, Green Day and Robbie Williams.

Mimmo D'Alessandro, who will continue to manage the operations of Di and Gi jointly with co-founder Adolfo Galli, added that 'We are delighted to be part of CTS EVENTIM from this day on. This provides us with access to the resources of a global player that not only has the most sophisticated ticketing platform in the world but is also able to organise Europe-wide concert tours. We also have an opportunity to continue our company's special culture – the interests of artists will remain the centre of focus for everything we do at D'Alessandro e Galli.'

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