The founder of promoter Doctor Music, Neo Sala, says the company is open to further “alliances”, after German pan-Europe ticketing and concert giant CTS Eventim acquired a 63.5 per cent stake.
As part of the deal Sala, who established Doctor Music in 1982 and has worked with artistes such as Adele, the Rolling Stones, Eminem and Michael Jackson, will remain CEO and retains more than one third of the shares.
CTS has recently taken controlling stakes in Italian promoters Vivo Concerti, Vertigo, Friends & Partners and D’Alessandro e Galli.
“CTS Eventim’s most recent moves reflect an interest to increase their presence in the international market,” Sala tells Audience. “We have always been open to incorporating other promoters into our team. So it’s quite obvious that we will be open to further alliances in Spain should a good opportunity arise.”
The CTS acquisition includes Doctor Music subsidiaries Big Tours and festival division In Cow We Trust, which is relaunching the company’s Doctor Music Festival (cap. 40,000) in Catalonia, in July next year, following a 19-year hiatus.
“I will continue to run the operation with total freedom, and this was one of the key reasons why I decided to make the deal,” Sala tells Audience.
“Having CTS as a partner gives us greater strength and it will be tremendously positive for the festival.”
Although CTS owns Spanish ticketing provider entradas.com, Sala says it remains to be seen if all tickets for Doctor Music events will go through the company.
“As before, we will be able to make our decisions independently,” he says. “We have been working together successfully with entradas.com in the past and are certainly open to working even closer with them in the future.”
Doctor Music concerts include Bruno Mars at Estadi Olimpico (55,000), Katy Perry at Palau Sant Jordi (20,000) and U2 at WiZink Centre (17,400).
CTS CEO Klaus-Peter Schulenberg says, “The Spanish market has shown encouraging growth in recent years and is one of the most important destinations for artistes from across the world.”
In Germany, CTS’s live division Medusa, owns the MLK brand and majority stakes in pan-Europe festival organiser and promoter FKP Scorpio Konzertproduktionen and leading promoter Peter Rieger Konzertagentur.