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DEAG expands its strong market position in the UK even further by acquiring “ShowPlanr”

EQS-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Investment DEAG expands its strong market position in the UK even further by acquiring “ShowPlanr” 13.03.2024 / 09:58 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

DEAG expands its strong market position in the UK even further by acquiring “ShowPlanr”

 

Berlin, 13 March 2024 – DEAG Deutsche Entertainment Aktiengesellschaft (“DEAG”) is accelerating its international expansion course and further strengthening its strong market position in the UK. DEAG is acquiring a majority stake in the UK promoter and live event organiser ShowPlanr through its UK subsidiary Flying Music, which is wholly owned by KMJ Entertainment Ltd. (“KMJ Entertainment”). The UK is one of DEAG’s important core markets. For DEAG, the acquisition will result in synergy effects in the ticketing and live entertainment business, in particular through co-operation with other subsidiaries in the UK. Company founder and Managing Director of ShowPlanr Chris Jenkins will remain a shareholder and continue to run the company with his proven team in the long term.

ShowPlanr was founded in 2010 and has developed into one of the leading independent event organisers in the UK. The company organises more than 600 events such as tours, concerts and theatre performances every year, for which around 250,000 tickets are sold. ShowPlanr is constantly expanding the share of self-produced formats. In recent years, ShowPlanr has organised events such as Waterloo – A Tribute to Abba, Dreamboys, Rhythm of the Dance, The Rolling Stones Story, The Chicago Blues Brothers, The Rat Pack Live in Concert and concerts with the London Symphonic Rock Orchestra. In the future, users will also be able to buy tickets for events directly from DEAG’s own ticketing platforms myticket.co.uk, gigantic.com and tickets.ie on the ShowPlanr company website.