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    EQS-News  129  0 Kommentare DEAG accelerates growth in the festival sector and enters into groundbreaking cooperation with 'Black Mamba'

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    • DEAG expands festival sector with 'Black Mamba' cooperation
    • Leading producer of EDM/Techno/Urban festivals in Germany
    • Sputnik Spring Break Festival partnership for growth and synergy

    EQS-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Alliance
    DEAG accelerates growth in the festival sector and enters into groundbreaking cooperation with 'Black Mamba'

    24.06.2024 / 17:14 CET/CEST
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    Corporate News

    DEAG accelerates growth in the festival sector and enters into groundbreaking cooperation with "Black Mamba"

     

    Berlin, 24 June 2024 – DEAG Deutsche Entertainment Aktiengesellschaft (“DEAG”) is strategically expanding business activities in its festival segment and has concluded a cooperation with Black Mamba Event & Marketing GmbH (“Black Mamba”). Among other things, Black Mamba is the organiser of the renowned electronic urban festival Sputnik Spring Break on the Pouch peninsula.

    In the EDM/Techno/Urban music segment, DEAG is already represented with successful festival formats such as Airbeat One, MAYDAY, NATURE ONE, Indian Spirit, Syndicate, Ruhr in Love, Toxicator and the Kessel Festival in Stuttgart and reaches more than 250,000 visitors each year in this area alone. DEAG is the leading producer of EDM/Techno/Urban festivals in Germany and continues to strengthen this position by hosting the Sputnik Spring Break Festival. The Sputnik Spring Break Festival is a multi-genre festival that successfully combines Electro, Alternative, Hip-Hop and Urban music. Comprehensive synergy effects with the DEAG Group in terms of production and infrastructure as well as artist acquisition will lead to continuous margin improvements. DEAG is further expanding its position in the Electronic Music segment and intends to utilise market opportunities to generate further growth. The German domestic market in particular has a large fan base and leads the ranking of monthly Electronic Music listeners with 369 million, ahead of the United States. Electronic Music outperformed other genres such as Rock, Latin and Hip-Hop in terms of growth in online consumption and recorded the strongest growth worldwide in 2023. In global terms, the Electronic Music industry recorded an increase of 17% to USD 11.8 billion in 2023 (IMS Business Report 2024).

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    EQS-News DEAG accelerates growth in the festival sector and enters into groundbreaking cooperation with 'Black Mamba' EQS-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Alliance DEAG accelerates growth in the festival sector and enters into groundbreaking cooperation with 'Black Mamba' 24.06.2024 / 17:14 CET/CEST The issuer is solely …

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