DGAP-News DEAG Deutsche Entertainment Aktiengesellschaft: Market entry in Ireland: DEAG Group founds the joint venture 'Singular Artists' together with renowned promoters - Further strengthening of the international ticketing business
DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Joint Venture
Market entry in Ireland: DEAG Group founds the joint venture "Singular Artists" together with renowned promoters - Further strengthening of the international ticketing business
Berlin, 2 September 2020 - DEAG Deutsche Entertainment Aktiengesellschaft (Prime Standard, ISIN: DE000A0Z23G6, ticker symbol: LOUD, "DEAG") is continuing its international expansion even during the COVID-19 pandemic and entering the Irish market. The Group subsidiary Kilimanjaro Holdings Ltd. ("Kilimanjaro") has founded the joint venture Singular Artists Ltd. ("Singular Artists") together with the renowned promoters Fin O'Leary, Brian Hand and Simon Merriman. Singular Artists will organise concerts and events in Ireland and Northern Ireland and is to be developed into a strong independent brand in the coming years. Kilimanjaro will hold a majority stake in the joint venture (55%). In addition, DEAG also plans to expand its own ticketing business with the Group's own ticketing platforms "MyTicket" and "Gigantic.com" to Ireland following the successful operational launch of Singular Artists.
Detlef Kornett, member of the Executive Board of DEAG: "DEAG is expanding despite the crisis. We are not only retaining our key personnel in the Group, but even expanding it. The Irish market is extremely attractive. We will position ourselves there with top-class content and grow. Already today, over 8,000 events are held in Ireland every year. Together with our own events, these form an excellent basis for the expansion of our ticketing activities to Ireland."
Kilimanjaro's partners in the joint venture are three successful promoters from the Irish event market, who have a broad network and a long-standing track record, at Aiken Promotions, among others. O'Leary, Hand and Merriman have worked with many internationally renowned artists in the past, including My Chemical Romance, Sufjan Stevens, Fontaines DC, The Gloaming, Dermot Kennedy, Picture This, Alanis Morissette, The Murder Capital, Daryl Hall & John Oates, Billy Connolly, Yungblud, Tones & I, Sylvan Esso, The Snuts, The Dubliners, Big Thief, Clannad, Julia Jacklin, The Midnight, Mahalia, Perfume Genius, SOAK, Tamino, Larkin Poe, A-ha, Smoothboi Ezra, Jacksepticeye, Kai Tempest, Loyle Carner, Mark Rebillet, Orville Peck, Girl Band, The Last Podcast On The Left, Pillow Queens, Tiny Meat Gang, $uicideboy$, Jose Gonzalez and Steel Panther. The list of artists is supplemented by a number of non-musical events, in the area of comedy, for example.