Germany-headquartered stay music firm CTS EVENTIM and Sony Music Latin Iberia are increasing their EVENTIM three way partnership to accumulate Punto Ticket in Chile and Teleticket in Peru.
The businesses fashioned a JV in 2016 below the EVENTIM banner to supply ticketing providers in Brazil, leveraging, in line with the businesses, “each CTS EVENTIM’s state-of-the-art know-how platform and Sony Music Latin Iberia’s broad vary of Latin American enterprise”.
The 2 new acquisitions will now present ticketing programs and associated providers to live performance promoters and venues throughout Chile and Peru.
In line with CTS Eventim, the enlargement signifies a “pivotal development” for its operations in South America, a area it says has “immense potential for the stay leisure business”.
The management of each Punto Ticket and Teleticket will proceed to steer their respective firms.
The acquisitions in Chile and Peru come two years after CTS EVENTIM entered the North American ticketing market. The corporate’s US-based web site eventim.com began promoting tickets on September 26, 2021.
CTS EVENTIM generated revenues of EUR €1.021 billion within the first half of 2023, a 39% improve in contrast with the prior-year interval. This income haul marked the primary time the corporate generated in extra of EUR €1 billion inside a six-month interval.
“We’re delighted to be partnering with Sony Music in two extra extraordinarily dynamic territories, and to have Punto Ticket Chile and Teleticket Peru becoming a member of our international community.”
Klaus-Peter Schulenberg, CTS EVENTIM
Klaus-Peter Schulenberg, CEO, CTS EVENTIM, mentioned: “South America is an actual development marketplace for ticketing and stay leisure.
“We’re delighted to be partnering with Sony Music in two extra extraordinarily dynamic territories, and to have Punto Ticket Chile and Teleticket Peru becoming a member of our international community.”
“The enlargement of our operations to Chile and Peru showcases our continued dedication to followers, artists, promoters, venues, and the stay music enterprise.”
Afo Verde, Sony Music Latin Iberia
Afo Verde, Chairman and CEO, Sony Music Latin Iberia, added: “The enlargement of our operations to Chile and Peru showcases our continued dedication to followers, artists, promoters, venues, and the stay music enterprise.
“Chile and Peru are thrilling, rising markets and a significant cease for each Latin and worldwide touring superstars alike.
“We look ahead to our continued partnership with EVENTIM to supply high of sophistication service and options to each customers and our shoppers in these markets.”
“This partnership propels us into a brand new development trajectory inside the spectacular CTS EVENTIM and Sony Music community.”
Danton Vinales, Punto Ticket
Danton Vinales, Founder and CTO, Punto Ticket, mentioned: “This partnership propels us into a brand new development trajectory inside the spectacular CTS EVENTIM and Sony Music community.
“The collaborative essence of this enterprise not solely enriches our technological abilities but in addition amplifies the service high quality for promoters, artists, and followers as nicely. As we complement our native experience with international capabilities, the long run is ripe with guarantees of superior stay leisure experiences. I, alongside the Punto Ticket & Teleticket groups, eagerly anticipate the exceptional journey and achievements forward with our new companions.”Music Enterprise Worldwide
