German ticketing giant CTS Eventim has announced the opening of an Israeli R&D centre, focusing on improving services in the Middle East's biggest touring market
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The German company's Swedish ticketing operation will become a pan-Scandinavian one as part of a joint venture with Egmont's Venuepoint
By Jon Chapple on 16 Mar 2016
CTS Eventim is to launch a Scandinavian ticketing operation.
A joint venture with Danish media conglomerate Egmont will see Egmont-owned Nordisk Film merge its Copenhagen-based Venuepoint company with Eventim’s Swedish operation to create a pan-Scandinavian platform operating in Denmark, Sweden and Norway, with regional headquarters in Copenhagen.
The new company will be joint owned on a 50:50 basis by the two parties.
“Venuepoint is a well-established player with a proven business model and big growth potential”
“We bought Venuepoint four years ago and have seen a revenue growth of more than 70 per cent since then,” says Nordisk Film digital director Christian Folden Lund (pictured), “but we have all the time aspired for an even stronger position. Creating a joint venture with CTS Eventim will take the ticketing operation to the next level, securing further Scandinavian growth and market innovation.”
Alexander Ruoff, COO of CTS Eventim, adds: “In Egmont, with their broad portfolio of publishing, TV and cinema business and large existing customer data base, we have found the perfect partner in Scandinavia. Venuepoint is a well-established player with a proven business model and big growth potential. We look forward to introducing our market-leading technology to the Danish and Norwegian markets with Venuepoint and expanding our market position in Sweden together.”