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EQS-Adhoc: CTS EVENTIM and AXS to become Ticketing Service Provider for the Los Angeles 2028 Olympic and Paralympic Games

eqs_en 
0 0 21.02.24
EQS-Adhoc: CTS EVENTIM and AXS to become Ticketing Service Provider for the Los Angeles 2028 Olympic and Paralympic Games: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23704/EVE_Logo.svg.png
 

EQS-Ad-hoc: CTS Eventim AG Co. KGaA / Key word(s): Joint Venture
CTS EVENTIM and AXS to become Ticketing Service Provider for the Los Angeles 2028 Olympic and Paralympic Games

21-Feb-2024 / 18:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

AD HOC DISCLOSURE 

Public disclosure of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014 (Market Abuse Regulation)

CTS EVENTIM and AXS to become Ticketing Service Provider for the Los Angeles 2028 Olympic and Paralympic Games

Los Angeles/Munich, 21 Feb. 2024 – CTS EVENTIM AG Co. KGaA announces that its wholly-owned subsidiary, EVENTIM USA LLC, along with AXS Group LLC, a wholly owned subsidiary of Anschutz Entertainment Group (AEG), has entered into an agreement with the Los Angeles 2028 Organising Committee for the Olympic and Paralympic Games. This agreement appoints a joint venture as the official ticketing service provider of the Los Angeles 2028 Olympic and Paralympic Games, providing ticketing software, professional staffing, management, marketing, and related support services for their ticketing program.

The LA28 Olympic Games will be held from 14 to 30 July, and the LA28 Paralympic Games will run from 15 to 27 August.

CTS EVENTIM expects from the agreement a positive revenue contribution in the lower three-digit million Euro range.

 

About CTS EVENTIM
CTS EVENTIM is the number one provider of ticketing services in Europe and number two in the world. Over 300 million tickets per year are marketed using the Company’s systems – through physical box offices and mobile/online portals. According to Pollstar’s global rankings for 2023, the EVENTIM Group is the second-biggest promoter in the world. In addition, CTS EVENTIM operates some of Europe’s most renowned venues. CTS EVENTIM AG Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is a member of the MDAX segment. In 2023, the Group generated revenue of EUR 2.4 billion across more than 25 countries.

 

CORPORATE COMMUNICATIONS
Christian Colmorgen
Vice President Corporate Communications
[email protected]

 

INVESTOR RELATIONS
Marco Haeckermann
Vice President Corporate Development Strategy
[email protected]



End of Inside Information

21-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: CTS Eventim AG Co. KGaA
Rablstr. 26
81669 München
Germany
Phone: 0421/ 3666-0
Fax: 0421/ 3666-290
E-mail: [email protected]
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1842423

 
End of Announcement EQS News Service

1842423  21-Feb-2024 CET/CEST

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CTS Eventim AG & Co. KGaA Stock

€84.90
0.890%
The CTS Eventim AG & Co. KGaA stock is trending slightly upwards today, with an increase of €0.75 (0.890%) compared to yesterday's price.
Currently there is a rather positive sentiment for CTS Eventim AG & Co. KGaA with 3 Buy predictions and 0 Sell predictions.
With a target price of 87 € there is a slightly positive potential of 2.47% for CTS Eventim AG & Co. KGaA compared to the current price of 84.9 €.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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