Medusa’s Monster Boom

CTS Eventim’s promoters earned euro 27.3 million in the first nine months of 2013, euro 5.3 million (or 24 percent) more than in the same period last year.

Photo: eventim.com

The Medusa Group, as the Eventim promoters are called, includes Marek Lieberberg, Folkert Koopmans, Peter Rieger, Dieter Semmelman, Dirk Becker and Norbert Link.

Apart from major festivals such as Rock am Ring, Rock im Park, Hurricane and Southside, the Medusa Group also had tours from the likes of Depeche Mode, Bruce Springsteen, Rihanna and German acts such as Sportfreunde Stiller and Helene Fischer

By the end of the year, the promoters are expected to shift more than 100 million tickets for about 180,000 events. Medusa

Group revenues for January to September rose 23.9 percent from euro 226.4 million to euro 280.5 million.

The Ticketing sector, Eventim’s original core business, produced revenues of euro 168.1 million, 20.4 percent up on the first nine months of 2012.

Earnings before interest and tax were up 18.8 percent to euro 39.5 million, driven mainly by the growth of the online ticketing business.

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