Live Nation Launches Operations in GermanyBy Live Nation, PRNE
Tuesday, March 9, 2010
LONDON, March 10, 2010 - Live Nation, the world's premier live entertainment company, today
announced the launch of its concert promotion division in Germany, the fourth
largest music market in the world. Established German promoter Johannes
Wessels has been appointed Managing Director of Live Nation Germany, and will
operate from his current Hamburg base. Live Nation's first shows will be
three Lady Gaga dates in Berlin, Hamburg and Oberhausen which go on sale on
12th March. For details of these shows go to www.livenation.de.
Additionally, Live Nation has appointed ticketing industry veteran Klaus
Zemke to the post of Managing Director, Ticketmaster Germany. Zemke was
previously General Manager and Member of the Board of Directors of Ticket
Online, Germany's second largest ticketing company.
The move follows Live Nation's recent sale of its 20 per cent investment
in German promoter, Marek Lieberberg Konzertagentur GmbH ("MLK"), to CTS
Eventim AG, the majority owner of MLK.
Alan Ridgeway, CEO of Live Nation International, commented, "Germany is
the 4th largest music market in the world and represents huge untapped
potential for Live Nation. In Johannes, we have a promoter of 25 years' music
industry experience who has promoted artists including Justin Timberlake, Foo
Fighters and Neil Young. In Klaus, we have a very experienced Managing
Director who has served over 20 years in the ticketing business with both
Ticket Online and CTS. Ultimately, we have put two high caliber individuals
together with our global assets, expertise and technology and we believe that
we are now well positioned to compete with the historic dominance of CTS in
the German concert and ticketing market; that is incredibly exciting."
Simon Lewis, Live Nation President Marketing Partnerships of
International, added, "We now have significant presence in all the major
European music markets. The value of such a comprehensive platform to our
multi-national partners is clearly significant and we will quickly look to
develop the propositions we are able to offer."
About Live Nation
Live Nation Entertainment is the world's premier live entertainment
company, consisting of Live Nation, Ticketmaster and Front Line Management
Group. As the world's first artist-to-fan vertically integrated live
entertainment platform, the company is improving the fan experience and
driving major innovations in ticketing technology, marketing and service.
Live Nation is the largest producer of live concerts in the world, annually
producing more than 22,000 concerts on behalf of 1,500 artists in 57
countries. In 2008, over 50 million fans attended Live Nation concerts, and
the company drove more than 70 million unique visitors to LiveNation.com and
other online properties. Ticketmaster serves more than 10,000 clients
worldwide in multiple event categories and sold more than 141 million tickets
valued at over US$8.9 billion on behalf of its clients in 2008. Live Nation
is headquartered in Los Angeles, California and is listed on the New York
Stock Exchange, trading under the symbol LYV. For additional information
about the company, please visit www.livenation.com/investors.
Hannah Kampf, +1-310-867-7000, hannahkampf at livenation.com, or Steve Guest, +44-207-009-3371, steve.guest at livenation.co.uk, both of Live Nation
Tags: Live Nation, London, March 10, Neil young, United Kingdom