DEAG further expands leading market position in Switzerland

Corporate News

DEAG further expands leading market position in Switzerland

Berlin, 9 January 2024 – DEAG Deutsche Entertainment Aktiengesellschaft (“DEAG”) is further expanding its excellent market position as a live entertainment provider in Switzerland. With its subsidiaries Live Music Production, Live Music Entertainment and Good News Productions, founded in 1970, DEAG has played a leading role in Switzerland for over 20 years. Good News Productions (“Good News”), a concert organiser in Rock & Metal, is planning to significantly expand its product range in the future. The company has now strengthened its senior management team by adding two well-known promoters, Christian Gremelmayr and Santosh Aerthott. With immediate effect, they will drive the expansion of Good News together with the current Managing Director Stefan Matthey and be responsible for the company’s future strategy, among other areas. Good News plans to organise even more concerts with international music stars in Switzerland and offer Swiss newcomers a broader stage. The goal is to continue to present visitors with first-class concert experiences, from small club concerts to large stadium tours. Good News recently entered into a long-term collaboration with the hard rock/metal festival “Rock the Lakes,” which is to be expanded even further over the next few years.

With a strong team, recently joined by ticketing and marketing specialist Patrizia Demont (formerly Mainland) and artist booker Steven Mandel (formerly Z7 & Gadget), the new management will join forces and strengthen the position of “Good News” as a leading Rock/Metal event organiser.

Christian Gremelmayr, former Managing Director and co-owner of the legendary Zurich live club “Abart,” and Santosh Aerthott, former Managing Director and co-owner of the then most important Swiss Punk Rock agency “Redda Music,” founded the concert agency “Mainland Music” together with three other partners at the end of 2012 and established it as one of the leading Rock-Pop event companies in Switzerland. They worked for Mainland Music as Managing Directors until recently, before joining the management team of Good News.

Detlef Kornett, Co-CEO and Executive Board member of DEAG: “Good News Productions, Live Music Production and Live Music Entertainment have developed very well and are now an integral part of the live entertainment industry in Switzerland, selling 600,000 to 700,000 tickets a year. We see excellent opportunities in Switzerland and want to continue to grow profitably with Christian and Santosh and expand our range."

Stefan Matthey, Managing Director of Good News: “I am really looking forward to working with Christian Gremelmayr and Santosh Aerthott. They have extensive experience in the live entertainment industry and a strong network of artists and promoters. We have already worked together closely and trustingly on various events in recent years. Together we want to develop new event formats and offer visitors first-class entertainment at many events and concerts.”

About DEAG

DEAG Deutsche Entertainment Aktiengesellschaft (DEAG), a leading entertainment service company and live entertainment provider, produces and promotes live events of all genres and sizes in Europe. With its group companies, DEAG has been present at 22 locations in its core markets of Germany, Great Britain, Switzerland, Ireland, Denmark and Spain. As a live entertainment service provider with an integrated business model, DEAG has extensive expertise in the conception, organisation, promotion and production of events.

Founded in Berlin in 1978, DEAG's core business areas today include Rock/Pop, Classics & Jazz, Family Entertainment, Spoken Word & Literary Events, Arts+Exhibitions and Ticketing. Live Entertainment for all generations including Arts+Exhibitions are important building blocks for the further development of DEAG's own content.

For around 6,000 events, over 10 million tickets are sold annually for own and third-party content - a continuously growing share of these is sold via the group's own e-commerce platforms myticket.de, myticket.at, myticket.co.uk, gigantic.com and tickets.ie.

DEAG is thus excellently positioned for further growth.

Investor & Public Relations
Axel Mühlhaus, edicto GmbH
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Germany
Phone: 0049 69 905505-52
Email: deag@edicto.de