CTS Eventim

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CTS EVENTIM AG & Co. KGaA

logo
legal form Limited partnership based on shares
ISIN DE0005470306
founding 1989
Seat Munich , GermanyGermanyGermany 
management Klaus-Peter Schulenberg ( CEO )
Andreas Grandinger ( CFO )
Alexander Ruoff ( COO )
Number of employees 3,202
sales 1.4 billion euros
Branch Entertainment , music
Website eventim.de
As of December 31, 2019

CTS Eventim (proper spelling in capital letters) is an international company with headquarters in Munich . The head office is in Bremen . Founded in 1989 under the name CTS Computer Ticket Service, the company developed into the market leader in the fields of ticketing and live entertainment after being taken over by Klaus-Peter Schulenberg . CTS Eventim shares have been traded on the stock exchange since 2000 . It is currently listed in the MDAX .

history

Foundation to IPO

In 1989 Marcel Avram and Matthias Hoffmann founded the company "CTS Computer Ticket Service". It was supposed to support the sale of tickets for concerts of the two nationally known organizers and was also open to third parties. Following the example of foreign systems, it solved the problem that interested parties did not receive tickets while they were available elsewhere. Regardless of the innovative business model , the company ran into difficulties and was taken over by Klaus-Peter Schulenberg in 1996. He was one of the first to invest in the growing business area and restructured CTS Computer Ticket Service. In 1998 he also acquired the GSO Gesellschaft für Softwareorganisation, which at that time was selling tickets for 30 clubs in the Bundesliga .

Digitization and Diversification

At the end of the 1990s, the company had already secured a leading position in the German market. After the conversion to a stock corporation and the renaming to CTS Eventim, Schulenberg successfully floated the company on the stock exchange in February 2000. Among other things, this enabled investments in digital platforms, which turned out to be crucial for further growth in sales and profits. In 2002, with the takeover of getgo.de, CTS Eventim finally became the largest ticket portal in Europe. The company also entered the live entertainment sector in the early 2000s, for example through acquisitions of the German promoter Dirk Becker Entertainment, Marek Lieberberg Konzertagentur or Semmel Concerts . For the first time, the organization and marketing of events were bundled under one roof. As operator of the Cologne Lanxess Arena and leaseholder of the Berlin Waldbühne , CTS Eventim steadily expanded its business in this segment in the years to come.

Major international events

The following years were marked by several major international events. For example, CTS Eventim was awarded the contract to sell tickets for the soccer World Cup in Germany, the Winter Olympics in Sochi and the Summer Olympics in Rio. Stage Entertainment has been one of the most important partners of CTS Eventim since the 2010s . The takeover of various domestic and foreign companies and cooperations led to greater market power, so that CTS Eventim moved into the focus of the cartel authorities . In 2017, CTS Eventim achieved sales of more than one billion euros for the first time with a profit of over 100 million euros.

More recent developments

The following important information is missing from this article or section:
Corona crisis and toll allocation
Help Wikipedia by researching and pasting it .

Most recently, the company made a name for itself in the wake of the failed introduction of a car toll in Germany . In 2018, CTS Eventim and its Austrian partner Kapsch TrafficCom were awarded the contract to collect fees from German vehicle owners . After the European Court of Justice recognized a violation of European law in the car toll, the Federal Republic of Germany terminated the contracts with the operator consortium.

structure

CTS Eventim has been a limited partnership based on shares under German law since 2014 . This is a mixed form of partnership and corporation that ensures continuity of the company in equity measures. The business activity of CTS Eventim extends to the production, brokerage, sale and marketing of tickets for concerts, theater, art, sports and other events as well as their planning, organization and implementation.

CTS Eventim prepares annual financial statements in accordance with German commercial law ( HGB ) and consolidated financial statements in accordance with international regulations ( IFRS ). In addition to the annual report , the company publishes a non-financial group report in which it provides information on its corporate responsibility.

Shareholders

The share capital of CTS Eventim currently amounts to 96 million euros, divided into no-par value bearer shares. The CTS Eventim share is listed in the Prime Standard of the German stock exchange and is traded on the stock exchanges in Berlin , Düsseldorf , Frankfurt , Hamburg , Hanover , Munich and Stuttgart as well as on Xetra . Over half of the shares are in free float. Institutional investors include the NN Group , BlackRock and Fidelity Investments .

organs

Board

The management of the company is carried out by a stock corporation , the shares of which are controlled indirectly by Klaus-Peter Schulenberg via the KPS Foundation. As a personally liable partner ( general partner ) without any capital contribution, this company does not participate in the business results of CTS Eventim. Its board of directors is made up of Klaus-Peter Schulenberg ( Chief Executive Officer ), Andreas Grandinger ( Chief Financial Officer ) and Alexander Ruoff ( Chief Operating Officer ).

Supervisory board

The board of directors of CTS Eventim consists of four members. Bernd Kundrun (chairman), Jobst Plog (deputy chairman), Just Spee and Juliane Thümmel currently belong to the committee. With the same composition, they form the supervisory board of the general partner company.

Areas

Ticketing

CTS Eventim takes care of the production, sale, brokerage, distribution and marketing of tickets for concerts , theater , art , sports and other events. The company has sales systems and web shops in Brazil, Bulgaria, Denmark, Germany, Finland, France, Great Britain, Italy, Israel, Croatia, the Netherlands, Norway, Austria, Poland, Romania, Russia, Sweden, Switzerland, Slovenia, Spain and Hungary active. In addition to eventim.de, getgo.de, ticketonline.de, Ticketcorner and fansale.de are among the company's best-known platforms in German-speaking countries . In the 2018 financial year, CTS Eventim sold a total of around 250 million tickets worldwide.

Live entertainment

CTS Eventim takes on the planning, preparation and implementation of tours, events and festivals, especially in the music and concert sector. The subsidiaries and holdings in this area operate largely independently and are known, for example, as organizers of festivals such as “Hurricane”, “Southside”, “ Rock am Ring ”, “ Rock im Park ” or “Lucca Summer”. They have their own external presence, but are now bundled in the "Eventim Live" division. This is active in Denmark, Germany, Finland, Great Britain, Italy, Austria, the Netherlands, Norway, Poland, Russia, Sweden and Switzerland. The live entertainment businesses now account for more than half of the sales / profit of CTS Eventim.

engagement

In 2008, CTS Eventim, together with other sponsors, ensured the long-term continuation of the renowned course for pop music at the Hamburg University of Music and Theater . Since then this has been called "Eventim Popkurs ". Graduates include artist Peter Fox and the band Revolverheld .

criticism

In 2014, WirtschaftsWoche described the business model of CTS Eventim as "controversial". The market power of the company, which at that time sold around 80 percent of all tickets for pop and rock concerts in Germany, was criticized. CTS Eventim reaches for “all upstream and downstream areas of the card business” and shifts card volumes to where sales bring the most profit. This is at the expense of classic ticket agencies.

In 2015 Die Welt and other media reported on the investigations of the antitrust authorities, which feared a "dominant position" of CTS Eventim. In 2017, the Federal Cartel Office prohibited the company from entering into exclusive agreements with event organizers to open up the sale of admission tickets to competitors.

The fee structure of CTS Eventim has repeatedly caused controversy. Consumer advocates particularly criticized the additional costs for self-printed tickets (“print @ home”). In 2018, the Federal Court of Justice declared this practice inadmissible and thus confirmed the rulings of the previous instances. In addition, the judges restricted excessive postage fees for the so-called “premium mailing” of tickets. CTS Eventim announced in December 2019 that it would completely forego print @ home fees in its German web shops.

Web links

Individual evidence

  1. ↑ a b Annual Report 2019 (PDF) CTS Eventim, accessed on July 27, 2020 .
  2. ↑ Company Overview. Bloomberg, accessed June 20, 2019 .
  3. ↑ Eiken Bruhn: KPS does not want to give up Bremen . In: The daily newspaper . August 8, 2003, p. 21 ( taz.de [accessed June 20, 2019]).
  4. ↑ David de Jong: How 62-year-old Bremer became a billionaire with pop concerts. In: The world. June 24, 2013, accessed June 20, 2019 .
  5. ↑ Christian Dose: A click to the rock lady . In: Welt am Sonntag . January 23, 2000, p. 61 .
  6. ↑ MDAX. Frankfurt Stock Exchange, accessed on September 25, 2019 .
  7. ↑ a b c history. CTS Eventim, accessed June 25, 2019 .
  8. ↑ Hans-Werner Loose: He brought world stars to Germany. In: The world. December 1, 1997, accessed June 25, 2019 .
  9. ↑ Computer Ticket Service . In: Handelsblatt . Computer notes. February 13, 1990, p. 26 .
  10. ↑ Bernd Mertens: Ticket dealer: Why the ticket giant Eventim is so controversial. In: WirtschaftsWoche. May 17, 2014, accessed June 25, 2019 .
  11. ↑ Struggle for business at the box office . In: The daily newspaper . Edition Bremen. March 23, 1998, p. 21 .
  12. ↑ CTS Eventim purchases a card for the Neuer Markt . In: Handelsblatt . December 15, 1999, p. 22 .
  13. ↑ CTS solves the ticket to the exchange . In: Börsen-Zeitung . December 16, 1999, p. 12 .
  14. ↑ CTS Eventim plans to start listing shortly . In: Börsen-Zeitung . January 14, 2000, p. 12 .
  15. ↑ CTS Eventim come at 21.50 euros . In: Börsen-Zeitung . February 1, 2000, p. 15 .
  16. ↑ CTS Eventim is reaping the fruits of its Internet investment . In: Börsen-Zeitung . April 28, 2004, p. 14 .
  17. ↑ Ticket portals: CTS Eventim takes over Getgo.de. In: horizon. October 10, 2002, accessed June 25, 2019 .
  18. ↑ getgo.de merges with CTS Eventim and becomes the largest internet ticket portal in Europe. TWT Digital Group, October 11, 2002, accessed June 25, 2019 .
  19. ↑ Only a duel . In: Handelsblatt . December 12, 2000, p. 30 .
  20. ↑ CTS Eventim takes over Dirk Becker Entertainment. In: MusikWoche. June 7, 2001, Retrieved July 10, 2019 .
  21. ↑ Dietmar Schwenger: Marek Lieberberg concert agency stays with CTS Eventim. In: MusikWoche. August 3, 2015, accessed September 25, 2019 .
  22. ↑ CTS expects a significant increase in sales after acquisitions . Agreement on majority takeover of Scorpio and Semmel Concerts. In: Handelsblatt . July 19, 2000, p. 22 .
  23. ↑ Eventim operates the Lanxess Arena . In: Bonner General-Anzeiger . December 8, 2012, p. 11 .
  24. ↑ Frank Medwedeff: CTS Eventim confirms forest stage surcharge . In: MusikWoche. September 9, 2008, accessed June 25, 2019 .
  25. ^ David de Jong: Ticket Master Schulenberg Becomes Billionaire in Germany. Bloomberg, June 21, 2013, accessed June 25, 2019 .
  26. ↑ Peter Steinkirchner: Secret card king . In: WirtschaftsWoche . January 13, 2005, p. 48 .
  27. ↑ Axel Postinett: The Card House of school dropout . In: Handelsblatt . January 24, 2005, p. 24 .
  28. ↑ Marcus Pfeil: The winners of the world championship . In: Handelsblatt . February 1, 2005, p. 33 .
  29. ↑ Henrik Jacobs: The rush for the tickets . In: Hamburger Abendblatt . January 20, 2015, p. 12 .
  30. ^ Stage Entertainment and CTS Eventim Enter into Pan-European Partnership. Stage Entertainment, March 6, 2014, accessed June 25, 2019 .
  31. ^ Stage Entertainment and CTS Eventim Enter into Pan-European Partnership. CTS Eventim, March 6, 2014, accessed June 25, 2019 .
  32. ↑ Jeevan Vasagar: Ticket Vendor CTS Eventim's Shares Slide on Antitrust Inquiry. In: Financial Times. February 23, 2015, accessed June 25, 2019 .
  33. ↑ Malte Kreutzfeldt: A balance sheet of failure . In: The daily newspaper . June 19, 2019, p. 3 .
  34. ↑ Eventim: Ticket provider receives a surcharge for collecting the car toll. In: Spiegel Online. December 19, 2018, accessed June 25, 2019 .
  35. ↑ CTS Eventim and Kapsch: German-Austrian consortium collects car toll. In: Handelsblatt. December 31, 2018, accessed June 25, 2019 .
  36. ↑ German car toll violates European law. In: Spiegel Online. June 18, 2019, accessed June 25, 2019 .
  37. ^ Sascha Meyer, Teresa Dapp: Federal government terminates contracts with operators of the car toll . In: Berliner Zeitung . June 20, 2019, p. 7 .
  38. ↑ CTS Eventim becomes a KGaA. In: Legal Tribune Online. May 15, 2014, accessed June 20, 2019 .
  39. ↑ Business register. Bundesanzeiger Verlag, accessed on June 20, 2019 (Munich District Court, HRB 212700).
  40. ↑ a b c Annual Report 2018. (PDF) CTS Eventim, March 20, 2019, accessed on June 25, 2019 .
  41. ↑ Non-financial Group Report 2018 (PDF) CTS Eventim, March 20, 2019, accessed on June 25, 2019 .
  42. ↑ Eventim. Company profile. In: Börse Online. Retrieved June 20, 2019 .
  43. ↑ Business register. Bundesanzeiger Verlag, accessed on June 20, 2019 (Hamburg District Court, HRB 129556).
  44. ^ Klaus-Peter Schulenberg. Bloomberg, accessed June 20, 2019 .
  45. ↑ Volker Bischoff. Bloomberg, accessed July 20, 2020 .
  46. ↑ Alexander Ruoff. Bloomberg, accessed June 20, 2019 .
  47. ↑ Company. CTS Eventim, accessed June 25, 2019 .
  48. ↑ ticketing. CTS Eventim, accessed June 25, 2019 .
  49. ↑ Alexander Kant: Eventim in the test: How well is the market leader doing in ticket sales? In: Netzwelt. October 27, 2017. Retrieved June 25, 2019 .
  50. ↑ a b CTS Eventim is growing significantly thanks to the concert boom. In: Handelsblatt. February 26, 2019, accessed June 25, 2019 .
  51. ↑ Francis Kahwe Mohammady: discord in the concert business . In: Berliner Morgenpost . May 12, 2018, p. 7 .
  52. ↑ Frank Medwedeff: attendance record for Rock am Ring. In: MusikWoche. February 24, 2016, accessed June 25, 2019 .
  53. ↑ Dietmar Schwenger: CTS Eventim bundles its organizers under Eventim Live. In: MusikWoche. March 7, 2019, accessed June 25, 2019 .
  54. ↑ Live entertainment. CTS Eventim, accessed June 25, 2019 .
  55. ↑ The star forge remains . In: Die Welt Kompakt . September 23, 2008, p. 27 .
  56. ↑ Claudia Sewig: New Foundation rescues Popkurs . In: Hamburger Abendblatt . September 23, 2008, p. 13 .
  57. ↑ Eventim Popkurs Hamburg. University of Music and Theater, accessed June 25, 2019 .
  58. ↑ Successor to Revolverheld and Peter Fox wanted. In: Hamburger Abendblatt. December 3, 2015, accessed June 25, 2019 .
  59. ↑ Bernd Mertens: Ticket dealer: Why the ticket giant Eventim is so controversial. In: WirtschaftsWoche. May 17, 2014, accessed June 25, 2019 .
  60. ↑ Lars-M. Nagel, Tim Röhn: Cartel investigations: The crooked deals of the ticket retailer Eventim. In: The world. February 23, 2015, accessed June 25, 2019 .
  61. ↑ CTS Eventim: Cartel Office forbids exclusive agreements. In: Handelsblatt. December 4, 2017, Retrieved June 25, 2019 .
  62. ↑ Tickets to print out yourself: Eventim's “print @ home” fee is not permitted. German Consumer Association, 23 August 2018, accessed on 25 June 2019 .
  63. ↑ CTS Eventim: BGH prohibits fees for electronic tickets. In: Manager Magazin. August 24, 2018, accessed June 25, 2019 .
  64. ↑ Axel Kannenberg: BGH: Eventim's fee for online transmission of tickets is not permitted. In: Heise Online. August 23, 2018, accessed June 25, 2019 .
  65. ↑ Ingo Pakalski: Eventim wants to stick to the fee for online tickets . In: Golem. August 26, 2018, accessed June 25, 2019 .
  66. ↑ Achim Sawall: Eventim is now abolishing online ticket fees. In: Golem. December 18, 2018, accessed July 10, 2019 .

Coordinates: 53 ° 4 ′ 47.6 "  N , 8 ° 48 ′ 40"  E