CTS Eventim has bolstered its presence in Italy through its third acquisition in the country in just five months.
The company has purchased a 60-per-cent majority stake in D’Alessandro e Galli, a live entertainment company that has organised tours for the likes of Adele, Justin Bieber, David Bowie, Paul McCartney, Elton John, Jennifer Lopez and Paul Simon.
Some of the main acts in the firm’s upcoming season are Nick Cave & the Bad Seeds, Gorillaz, Lenny Kravitz, LP, Katy Perry, Ringo Starr, James Taylor, Tears for Fears and Roger Waters.
Klaus-Peter Schulenberg, chief executive of CTS Eventim, said: “With TicketOne, we have been the leading ticketing provider in Italy for more than 10 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.”
Through the deal, CTS Eventim is strengthening its position in the Italian market, following the takeovers of Vertigo and Friends & Partners in 2017. The transaction gives CTS Eventim access to a portfolio of festivals and artists.
Mimmo D’Alessandro (pictured right), who will continue to manage the operations of Di and Gi jointly with co-founder Adolfo Galli (pictured left), added: “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.”
Meanwhile, Eventim’s position in Germany could be weakened after the Federal Cartel Office (Bundeskartellamt) recently banned the ticketing firm from requiring its partners to “only sell tickets exclusively or to a considerable extent via CTS’s eventim.net ticket sales system.”
Germany’s competition regulator claims it is an abuse of its dominant market share of 50-70 per cent.
Image: CTS Eventim