VIP Magazine Premium - May 2016

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VIP NEWS

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VIP NEWS >

MAY 2016

McGowan’s

Musings

No tales of my intrepid adventures involving

News Editor to do under such pressures?

France in response to statements made by

international travel in this issue, this time the

What he, I that is, did, was the sensible thing

frontman Jesse Hughes claiming that security

world of the music industry came to me –

and sat in the office, also known as the

guards at the venue were involved with the

well, not just me personally, but to my home

outdoors area of the Waggon and Horses

terrorists that carried out the attack. He had

city of Brighton - by the sea on the South

pub, and welcomed all of those international

apologized after making the claims in a Fox

coast of England. They came in their hordes

guests that inevitably passed by the hostelry.

News interview, but again claimed that the

on the Wednesday May 18, for the third

The weather was distinctly varied, but I sat

attackers had somehow gained early access

edition of the Music Cities Convention, then

through rain and shine, sharing local ales

to the venue, in a subsequent interview with

on the following day for the three days of the

with our visitors. The fact that dinner in my

Taki’s Magazine.

11th sold out edition of The Great Escape.

local one evening involved the organisers

So, let’s hope that awful incidents such as

(See brief reports in this issue) Both these

of Dutch and Canadian conference and

these can be put behind us, and we can all

events took place at the same time as the

showcase events, a long established French

hope for and look forward to a festival season

Brighton Arts Festival and the Brighton Fringe

Festival, several Chinese festivals, Swiss Music

free of tragic incidents, be they accidental or

Festival. Busy or what!? What was your VIP-

Export, gives you an idea of the global spread

deliberate.

of the delegates. A more than convivial time was had by all - if you weren’t there I suggest

Returning to a lighter note, I was surprised

you should be next year!

to see that The Eurovision Song Contest, an event often not taken seriously by many

COLOPHON > VIP-News is published by: VIP-Booking.com Enghaven 19 Attrup 8444 Balle Denmark Managing Director: Ronni Didriksen rd@vip-booking.com General Manager: Peter Briggs pb@vip-booking.com Writer and editorial: Allan McGowan am@vip-booking.com Writer: Manfred Tari mt@vip-booking.com For advertising enquiries please contact: Peter Briggs pb@vip-booking.com +46 70 77 60 480

2

Of course there were other things going on

of us including myself, although it is the

in the world of music, and unfortunately

world’s longest running annual TV music

some of them were tragic. Eight people died

competition, was watched by 204 million

recently over two days at concerts. Five people

people across 42 markets – 5 million more

lost their lives at Manila based open-air dance

than in 2015. Just goes to show, what do I

event Forever Summer. They had all collapsed

know? Also, talking of millions, if you’ve got

after experiencing difficulty breathing and

a spare 20 of them, in pounds sterling, Noel

were rushed to hospital but died of heart

Gallagher says he’ll reform Oasis for you, for

attacks. There is no positive explanation, but

one gig. Any takers?

there is some suspicion that spiked drinks were responsible. Two people also died at a

And just before I go, I’d like to point out

rock concert hosted by motorcycle club The

that the festival due to take place at a secret

Lords in Nenzing, Austria, when a 27-year-

location in Kent, UK, on June 17-19, known

old suspected neo-Nazi named as ‘Gregor

as the Wildfire Adventure Camp, including

S.’, fired into the crowd, another 11 people

the “Top Secret” Officers Mess Party and

were injured. According to local police, the

the Cupid’s Singles Club amongst others,

gunman returned to his car and shot himself.

will include ‘Naked Knitting’ in the planned

Also in a follow on from the killings in the

attractions – see you there?

Bataclan in Paris last November, Eagles Of Death Metal were dropped from the

For now though – Ladies and Gentlemen –

Rock En Seine and Cabaret Vert festivals in

The News…


VIP NEWS >

MAY 2016

French Festivals Drop Eagles of Death Metal From VIP-Daily News Two French music festivals have cancelled

The Rock en Seine concert in Paris and the

knew the club would be targeted -- and

Eagles of Death Metal`s concerts this

Cabaret Vert festival in northern France

later apologized. “I haven`t been myself

summer in reaction to comments by the

said in a statement Friday they are “in total

since November 13,” he said at the time.

band`s frontman over the Paris attacks.

disagreement with Jesse Hughes` recent

“I realize there`s no excuse for my words,

allegations.”

but for what it`s worth: I am sincerely sorry for having hurt, disrespected or accused

Hughes told the Libertarian webzine Taki`s

anyone.”

Magazine last week that he saw some “terrorists” in the Bataclan concert hall

The band`s performance on Nov. 13 turned

before the Nov. 13 show and saw “Muslims

into a bloodbath when suicide bombers

celebrating in the street during the attack.”

stormed in as part of near-simultaneous attacks in Paris.

In March, Hughes made similar statements

Eagles of Death Metal

about the attacks -- namely that he

The band had previously returned to France

believed some Bataclan security guards

to perform a show in Paris on Feb. 17.

Glastonbury Festival fined £12,000 From VIP-Daily News The organisers of Glastonbury Festival have been fined £12,000

The court heard that 42 fish were killed after a “large quantity” of

after admitting allowing human sewage to leak from a tank and

sewage filtered into Whitelake River.

pollute a stream. Sensors in the stream alerted the Environment Agency to increased The leak happened at the Worthy Farm site in Somerset in June

ammonia levels. The court was told that fish - including protected

2014, damaging water quality and killing fish.

brown trout - died as a result.

At Bristol Magistrates` Court, District Judge Simon Cooper ordered

Festival founder Michael Eavis told an earlier hearing in Yeovil that

the festival to pay £19,000 in costs.

the sewage had been contained in a £100,000 slurry tank.

However, he found that organisers had “low culpability”, and praised their response and systems. “I am still slightly amused that it has been necessary to go to this level of detail,” Judge Cooper said. “I am concerned that these proceedings have set the Environment Agency somewhat against Glastonbury Festival Ltd. He added: “I am satisfied that there was proper planning for the festival and no criticism is made of that. The Environment Agency were in an advisory capacity and signed off the sanitary facilities plan. There was a waste management plan, there was a rivers and streams management plan.”

Glastonbury Festival

3


VIP NEWS >

MAY 2016

Third Music Cities Convention Emphasises the Importance of Music Allan McGowan am@vip-booking.com The third edition of the fast growing

that City authorities are increasingly aware

for instance, can result in musical creativity

Music Cities Convention brought together

of the importance of music as a driver for

being pushed to the edge leaving a soulless

high level speakers from Australia, US,

the night time economies, and a positive

City.

Canada, Indonesia, Holland, Denmark, UK,

way of engaging communities. Warnings

France, Germany, Russia and Iceland. The

were sounded that the closure of venues, as

Speakers presented a vision for the night

programme of discussions left no doubt

has been happening all too often in London

time economy emphasizing that properly and responsibly run music shows should not be continually considered as creating noise and encouraging misbehavior, but should be welcomed and protected as ‘the other 9-5’ . Studies of the economic, social and cultural impact of nightlife on a City, such as that completed by the San Francisco Entertainment Commission were recommended as a positive method of

Panel at Music Cities

impressing policy makers. Brighton is to undertake a study over the next year or so.

Reeperbahn First Speakers Confirmed Allan McGowan am@vip-booking.com This

Festival

stadium touring. John also revived the Isle of

of music history’s most inspiring pop artists,

Conference is planned to be bigger than

year,

the

Reeperbahn

Wight Festival, which, thanks to his efforts,

his plans for the future, and his views on

ever. Around 250 events – including

has grown in stature and calibre. Today the

today’s global live music business.

sessions, networking events, meetings,

festival is as much part of the British calendar

showcases, and awards shows – will be

as Wimbledon and the Proms. Reeperbahn

Simon Napier-Bell is a renowned music

part of the programme. From September

Festival looks forward to an exciting and

manager (Wham!, Ultravox, T Rex, Asia,

21-24 The organisers expect around 4,000

entertaining tour through John’s career, and

Boney M) and author of bestselling books

industry professionals from 40 countries to

to hearing about his relationships with some

about the music biz (“Black Vinyl White

attend – more than ever before. The first confirmed speakers for the conference’s sessions programme have also been announced: John Giddings is one of the biggest and best-known music agents and promoters in the world. Responsible for many of the most high-profile tours of recent years, including tours by The Rolling Stones, Madonna, Genesis, Celine Dion, Iggy Pop, and David Bowie, he is a key player in the world of global

4

John Giddings will keynote at Reeperbahn Conference in September


VIP NEWS > Powder”

and

MAY 2016

“Ta-Ra-Ra-Boom-De-Ay”,

a history of the business of popular music from 1710 until today). He is producer of Raiding the Rock Vault, currently the bestrated music show in Las Vegas, and he is one of the most dynamic music industry experts of our time. His talk at Reeperbahn Festival will be about the way technology has always come before music. He says that the music business is basically opportunistic – it’s about finding music to fit the current

Simon Napier-Bell will be at Reeperbahn in September

technology then popularising it to make it sell, say

partnerships and expands influence in

Benji Rogers is the most outspoken

economic development, tech policy, social-

Blockchain evangelist; in recent months this

Chelsea Collier is immersed in Austin’s

civic impact, and entrepreneurship. She is

one word has continuously popped up in

startup

about

co-founder of Impact Hub Austin, a hub for

discussions about the future of the music

anyone; Austin (Texas) is considered to

scene

more

entrepreneurs that is connected to 11,000

business: PledgeMusic founder and chief

be Silicon Valley part two. She has been

international members focussed on making

strategy officer , is coming to Hamburg to

involved in the launch of more than a dozen

a positive impact in the world. In her talk,

promote this technological revolution at the

companies and advises and counsels a

Chelsea will showcase the Austin ecosystem,

Reeperbahn Festival Conference., and to set

multitude of startups through her consulting

providing both a historical perspective and

out his idea for a fair trade of music data

firm,

recommendations for future action.

based on smart technology.

Intercambio,

than

just

which

develops

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5


VIP NEWS >

MAY 2016

11th Great Escape Sells Out Allan McGowan am@vip-booking.com As referred to in the Musings, this year’s

We delivered a fantastic Street Party for

Diet, Exmagician, Anna Meredith, DBFC,

edition of The Great Escape sold out,

the people of Brighton and created a real

and two South Korean bands whose names

attracting 16,500 festival goers to see 450

festival atmosphere, we breathed new

I’ve temporarily misplaced! All are worth

bands present 625 shows in 35 venues

life into our delegate hub, booked our

checking out, in general it was agreed that

throughout

Conference

strongest and most diverse line up yet and

the standard of acts was extremely high.

element drew 3,500 delegates representing

delivered strategic partnerships across the

45 countries.

board all in the name of new music and

Brighton.

The

discovery. VIP-News asked organizer Kevin Moore for his reaction to the success of the

The Festival ended with a sell out show

event:

at the Brighton Dome by Stormzy. As in the last couple of years many shows were

I’m truly delighted with this year’s edition

over subscribed and fans had to get in line

of The Great Escape. Moving into our 11th

pretty early to make sure of getting in to

year we knew that we had a hard task ahead

see many of the sought after acts. I was

after last year’s 10th birthday celebrations

lucky to get on the guest list to see Songhoy

and so we challenged ourselves to deliver

Blues, and I also recommend James Grant

the best and freshest TGE yet and I strongly

from Switzerland. Amongst the acts that

believe we did just that.

received good reports were Skinny Girl

Kevin Moore - General Manager at The Great Escape

Reading & Leeds Festivals Present Biffy Clyro Acoustic Show Allan McGowan am@vip-booking.com Biffy Clyro will perform at Reading and Leeds this year for the tenth

a link through to ticket collection, from 8:30am Friday 27 May.

time. The 2016 headliners will also present an exclusive acoustic

A transaction fee of £3.50 will be payable for each ticket. All

performance at Headrow House, Leeds, on Wednesday 1 June..

proceeds will be matched by Leeds Festival and donated to local charity, Martin House.

All Reading & Leeds ticket holders will be able to enter a ballot for the chance to win tickets to this exclusive performance. All

Biffy Clyro are one of five headliners alongside Red Hot Chili

successful ballot entrants will receive a confirmation email, with

Peppers, Foals, Disclosure and Fall Out Boy.

Biffy Clyro

6


VIP NEWS > INDEPTH STORY >

MAY 2016

An Agency, Not A Start Up... Manfred Tari mt@vip-booking.com For more than two decades the Berlin

Label and Agency so much easier and way

concert companies instead of launching

based Dirq Niemann was part of Powerline

more productive.

their own business.

reputation of being a rock solid boutique

Being in the lucky position to have booked

Dirq Niemann: Of course, it is a bigger risk

agency.

tours from February on, I can say it was a

to found a new company, than joining a

Agency, an agency that still has the

smooth start. I managed to find the right

bigger player, but honestly, I come from the

However, the Powerline co-founder and

people for my team, who are interested

90’ies DIY scene and have always been my

previous stakeholder has moved on and at

and willing to put a lot of effort into the dq

own boss. I prefer the freedom of making

the beginning of 2016 launched his own

agency ‘project’

my own decisions, not that I would say that this couldn´t change within the next years.

company DQ-Agency. VIP-News: Please tell us about your policy

and

Never say never!

VIP-News asked Niemann about his new

company

company and his new challenges.

strategy for DQ-Agency...

development

VIP-News: What lead you to start your

Dirq Niemann: As a small and new company

with when you were still part of

own company after so many years with

on the market, I have to count on my

Powerline when it came to setting

Powerline Agency? What’s happened

credibility and reputation, resulting from

up DQ-Agency? And how has your

since then and are you pleased with

my experience and work at Powerline

business network responded to the

the results you’ve achieved so far?

Agency for the past 22 years. These are the

move?

VIP-News: What was the reaction of artists that you had already worked

resources I can work from. So the main focus Dirq Niemann: Indeed, there were many

is to build up a strong newcomer roster on

Dirq Niemann: The reactions from all sides

good reasons for me to make the decision

top of all the artists that followed me from

have been absolutely positive, from the

and finally leave Powerline Agency at the

Powerline. As we all know, the subculture of

artists, who all followed me, as well as

End of 2015. to launch dq agency straight

today will be the culture of tomorrow; and

from my business network. I got even more

after leaving, on January, 4th 2016.

I´m still curious about new bands and scenes

positive statements and respect for this step

to explore.

than I had expected. I mean actually there

After setting up the first team, we moved

is no big change for all of them, they know

into an office community with Staatsakt

VIP-News: In these days isn’t it a bigger

Label, where I had already taken care of the

risk to start a complete new company

booking for a couple of artists, and whom

rather than joining an established

VIP-News: Is there anything you miss

we will do even more co-productions with

company? Various other players within

now since you have to oversee your

from now on. This is helpful for both sides

the German concert market have rather

own company?

as it makes the communication between

decided to join or to move on to bigger

who I am and how I work.

Dirq Niemann: What do I miss? Of course the financial comfort zone, but nothing much else. I mean I´m really kind of proud, that I have been part of Powerline Agency and what we developed from our ideas. I think it was a really great booking agency, but also, this is nothing, that isn´t doable again. Even though there is less time for it. We started Powerline in our twenties and had all the time in the world to do what we wanted as we liked it. Obviously I´m a little bit older now and lead a different life, so there is the need to get the company built

7


VIP NEWS > INDEPTH STORY >

MAY 2016

up faster. But I like applying the necessary combination of creativity with experience, that is what makes it really exciting to do. VIP-News: The market situation for festivals and tours in Germany is changing,

basically

led

by

market

consolidation and concentration. Do you consider these developments as a burden for smaller companies and what are your expectations regarding the impact these developments will have on the concert market? Dirq Niemann: The current tendencies of consolidation and concentration started in the 90’ies already. So this is a process that´s been going on for a long time now. These days companies with their own impact and interests own the festivals, but this goes only for the fully commercialized part of the German market. On the other hand, there are a lot of nice, less, or even non-, commercial festivals established and I think right now there is still enough room for small agencies and acts to find their way to the stages. And last but not least, it is always about the act you talk about. In general I think the bigger festivals will become even more boring, because there is less room for experiment and new influences. They need a strong and safe billing which fits their audience and competes with the competition between these major festivals, I´m sorry for them being in that position. But I´m a really optimistic character, or possibly absolutely mad!

Dirq Niemann

Thank you and good luck to all of us!

Need to know who is touring Europe? Go online - www.vip-booking.com vip-booking.com

8

®


VIP NEWS >

MAY 2016

Mumford & Sons, Little Mix Take on Ticket Touts Allan McGowan am@vip-booking.com Always good to see artists taking an active role by expressing their

“At the moment, the law makes it easy for these shady operators

opinions on how `their` business is run! Mumford & Sons and Little

to hoover up tickets and profit at your expense – so we are joining

Mix, very different acts but with shared opinions, are leading calls

with others across the music and creative communities to support a

to combat ticket touts. They are calling on live music fans“stand

petition that demands politicians tighten up consumer legislation.

up” to rip-off ticket touts and to petition parliament to take further and decisive action on the activities of ticket resellers. Fans are

“If 100,000 of you sign it, then the government will be pressurised

encouraged, using the hashtag ToutsOut, to sign a petition so that

to consider the issue for parliamentary debate.”

tougher penalties for touts can be debated in Parliament. The petition is headlined Enforce the Consumer Rights Act to The hope is that public support will engender 100,000 signatures

protect music, arts and sport fans from touts.

for a debate to be held about tougher sanctions for resale websites, aimed at forcing ticket resellers to reveal their identities. So far,

It states: “On a commercial scale, touting deprives the Treasury of

more than 12,000 people have signed the petition.

VAT, and performance copyright holders of royalties that should be paid on the mark-ups. It also denies artistes the ability to ensure

Mumford & Sons issued the following message on their website

their events are priced so anyone can attend.”

that links to the petition: A Department for Business, Innovation and Skills spokesman said: “If getting onstage is one of the best things about being a

“In the Consumer Rights Act, the government committed to an

musician, seeing your audience get ripped off is undoubtedly the

independent review of online secondary ticketing.

worst.“At M&S HQ we try hard to ensure that true fans have the best opportunity of getting into shows, at the right price, but are

“The review has been considering a wide range of stakeholders’

often powerless when faced with organised industrial-scale ticket

responses to consider how best to represent consumers’ interests.

touting.

We are expecting the review report in late May 2016.

Mumford & Sons

9


VIP NEWS >

MAY 2016

Consumer Magazine again Addresses Illegalities in Secondary Ticketing Allan McGowan am@vip-booking.com UK

Has

None of the Viagogo listings that Which?

taken against them. The government must

published a research report stating that

consumer

magazine

Which?

checked had a seat number, and other sites

crack down on bad practice so that people

some of the biggest secondary ticketing sites

also failed to provide them on all listings.

know what they’re buying and don’t get

are routinely listing tickets unlawfully. It says

None of those checked demanded that

ripped off”.

GetMeIn!, Seatwave, StubHub and Viagogo

sellers provide seating details covering

all offer music and theatre tickets for sale

tickets for specific seats.

without adhering to the rules laid out in the

clarify that it is the secondary sites, rather

previously reported Consumer Rights Act,

Which? Director Of Policy And Campaigns

than individual sellers, who are responsible

which introduced some light regulation of

Alex Neill. Commented, “We’ve found

for ensuring that the required information

the ticket resale sites last October.

evidence of tickets being sold unlawfully.

is displayed, something that has been of

This means people will struggle to find basic

much debate since the Consumer Rights

The magazine sampled 200 listings for

information on tickets, such as face value

Act became law. The research comes ahead

a variety of shows, including Beyonce’s

and seat location. It is clear the protections

of the publication of the results of the

‘Formation’ tour., finding that information

put in place by the Consumer Rights Act

government’s latest review of the secondary

on the face value of tickets, seating

aren’t being followed by some of the biggest

ticketing market, which is due but not

information, and restrictions were regularly

players in the market, and no action is being

available as VIP-News went to press.

not being provided, despite such information now being required by law when tickets are resold. StubHub responded, saying that “there are instances where sellers may not have access to this information at the time of listing, as some primary vendors do not provide this at the time of purchase”. But, when Which? Posed as a seller, they found that some sites are simply not displaying information that has actually been provided to them. Viagogo, for example, makes it mandatory for sellers to input the exact face value cost, but then does not always display this figure. It is possible that seating information may sometimes be unavailable at the time of purchase, but there could be a fear that if this is made available then some promoters and artists wouldl cancel those tickets.

10

Which? is calling on the government to

Alex Neill - Director Of Policy And Campaigns Which?


VIP NEWS >

NAMES & JOBS

MAY 2016

CFO has moved from Live Nation to AEG Live From VIP-Daily News AEG Live has appointed industry veteran

tenure at the company, he was in charge of

wealth of knowledge and expertise as we

Jorge Melendez as its chief financial officer.

managing the overall business unit`s profit

continue to build our business around the

and loss, coordinating worldwide touring

world.”

Melendez, joins AEG Live from rival Live

activities and ensuring the operational

Nation, where he served as chief financial

efficiency of the division.

officer of touring and the global artist rights divisions for more than nine years. During his

Jorge Melendez

Before joining Live Nation, Melendez served as EVP and chief financial officer for EMI’s

Reporting to the company`s chairman and

Latin America Business. He also spent 17

CEO Jay Marciano, Melendez will oversee

years at Sony Music International where he

the division`s financial operations including

held senior management positions, most

financial governance, regional finance teams

recently serving as EVP of Sony Discos, the

and risk management across its touring,

company’s US Latin Label.

festival and venue. “I am thrilled to join the talented team at “We are very pleased to welcome Jorge to

AEG Live, which has an incredible track

AEG Live’s senior leadership team,” said

record of success,” added Melendez. “With

Marciano. “He joins us with more than 25

the continued demand for live music globally,

years of global experience in finance and

this is an exciting time to join this dynamic

operational management and brings a

company.”

Lay-offs at Global Entertainment From VIP-Daily News Global Entertainment launched last year as a

Carson. Meanwhile, former James Grant

combined management, publishing and label

management exec Ben Karter was drafted

operation out of Los Angeles and London,

into Global Entertainment in London as GM

now the company cut back on staff.

of Recorded Music.

The company appointed ex-AEG boss Randy

Alarm bells struck just six months later, when

Phillips as CEO, as it brought together Global’s

Randy Phillips left the business. We were told

established publishing division – including

he would be appointed to a “specific project

clients such as Ellie Goulding, Corinne Bailey

to be announced in due course” – but it

Rae, LMFAO, The Script, The Vamps and The

never publicly materialized.

Vaccines – with label, artist management,

management – with a small amount more remaining in London.

promotion, live concerts, events, touring,

Now Global Entertainment on both sides of

branding, sponsorship and marketing teams.

the Atlantic has been cut back to skeletal

The cutbacks follow a 15-month period in

staff, incurring heavy job losses.

which Global has struggled to break new

A month later, it announced a string of high

profile

appointments:

artists on a blockbuster level. It’s understood

ex-Universal

Following a redundancy process at the end

to be pointing the finger at the rise in

publishing exec Monti Olson and ex-Capitol

of last month just two or three individuals

streaming, making it hard to do battle in a

exec Bob Semanovich joined the Los Angeles

are left at Global Entertainment in Los

marketplace where large catalogue owners

HQ alongside ex-Modest! manager Nicola

Angeles to manage records, publishing and

are king.

11


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AGENDA // WED JAN 11 EUROPEAN BORDER BREAKERS AWARDS EUROPEAN FESTIVAL AWARDS EUROSONIC FESTIVAL // THU JAN 12 CONFERENCE PROGRAMME: • EUROSONIC NOORDERSLAG CONFERENCE • EUROPEAN PRODUCTION INNOVATION CONFERENCE (EPIC) • BUMA MUSIC MEETS TECH (BMMT) EUROSONIC FESTIVAL // FRI JAN 13 CONFERENCE PROGRAMME: • EUROSONIC NOORDERSLAG CONFERENCE • EUROPEAN PRODUCTION INNOVATION CONFERENCE (EPIC) • BUMA MUSIC MEETS TECH (BMMT) EUROSONIC FESTIVAL // SAT JAN 14 CONFERENCE PROGRAMME: • EUROSONIC NOORDERSLAG CONFERENCE • EUROPEAN PRODUCTION INNOVATION CONFERENCE (EPIC) NOORDERSLAG FESTIVAL

NEW: THERE ARE ONLY A LIMITED NUMBER OF TICKETS AVAILABLE PER REGISTRATION TERM. ALL DEADLINES ARE SUBJECT TO CHANGE.

WWW.EUROSONIC-NOORDERSLAG.NL


VIP NEWS > BUSINESS >

MUSIC IN SHARES

MAY 2016

Music In Shares Manfred Tari mt@vip-booking.com

CTS Eventim

Live Nation

- Top Ratings By Analysts

- Revenue Up, Debts Up, Loss 2 Cent Down

On May 26, CTS Eventim announces its business results for Q1/2016.

The business report for Live Nation for Q1/2016 once again delivered

Already various analysts have recommended buying the company’s

increased revenue results, but also increased debts and a slightly

shares, although the share price targets vary significantly from each

lower loss compared to last year’s results for Q1/2015.

other. In the first three months of 2016 the revenue of Live Nation went up The Berenberg Bank, who earlier this year was the focus of

10%, from $1.120 to $1.230 billion. The net loss results improved

investigations following on from revelations by the Panama Paper,

from previously minus $66.5 to just $55.9 million and lead to net loss

predicts a price target of 46 Euro. A research report by Commerzbank

per share of $0.29 instead of $0.31.

expects a price of 44 Euro, and the analysts of Bankhaus Lampe and the investment bank Oddo Seydler both assume a price of 37 Euro.

The results for total liabilities and equity moved up from $ 6.156 to $6.927 billion, the total current liabilities summed up from $2.1 to

The previous reported share price on April 25 was 29.99, on May 23

$2.9 billion.

when this edition went to press the share price was at 31.54 Euro. The share price is also on the move up, from a previous $21.57 to $23.07 at New York Stock Exchange. Within one year the share price

DEAG

of Live Nation went down 18.68 percent.

- Annual Meeting On June 23 DEAG are launching a new department for corporate events, serving the increase in popular artists being available for gala events; the roster of acts for these kinds of events featuries artists such as Till Brönner, David Garrett, Chris de Burgh, Jamie Cullum, Bryan Ferry and Zucchero. However in the media DEAG faced one more critical article for its new festivals and the financial losses resulting from those. At beginning of May the German news-magazine Spiegel released a one-page article about the development and difficulties the introduction of the festivals caused for DEAG. The story itself did not include any new news and mainly reads as a summary of the various legal battles in which DEAG has recently been involved. For investors the next relevant date will be the annual meeting to be held on June 23 in Berlin. On the agenda amongst other items, are questions about the issue of new shares with a value of 8 million Euro. Anyhow, since the last issue of VIP-News the share went down from 3.80 to 3.70 Euro.

Zucchero

13


VIP NEWS > MISC >

MAY 2016

MEMBER PRESENTATION

GAIN is a record and management company owned by Magnus Lundbäck

ARTIST AVAILS THE CURE Territory: Europe Period: 2016 Agency: Primary Talent International Agent: Martin Hopewell Phone: +44 20 7400 4500 E-mail: martin@primarytalent.com Homepage: www.thecure.com

50 CENT & G-UNIT Territory: Europe & around Period: Summer festivals & upon request Agency: Georg Leitner Productions GmbH Agent: Georg Leitner Phone: +431 914 86 15 E-mail: gleitner@glp.at Homepage: www.glp.at

DIZZIE RASCAL Territory: Europe Period: 2016 Agency: Primary Talent International Agent: Peter Elliott Phone: +44 20 7400 4500 E-mail: peter_elliott@primarytalent.com Homepage: www.dizzeerascal.co.uk

GAIN is a record and management company owned by Magnus Lundbäck, Markus Tagaris Petri H Lundén and Sony Music Entertainment. It consists of Gain Music Entertainment, Gain Management and Rambo Music. Gain Music Entertainment and Rambo Music are record labels specialized in rock and metal. Gain Management is working with all musical genres.

MICHAEL BOLTON Territory: Europe & around Period: Before / after August 27th & upon request Agency: Georg Leitner Productions GmbH Agent: Georg Leitner Phone: +431 914 86 15 E-mail: gleitner@glp.at Homepage: www.glp.at

LARA CONLEY Territory: UK based, Worldwide Period: 08/01/2016 - 01/11/2016 Agency: Ragged Moon Agent: Niks Patel Phone: +44 (0) 1453 569770 E-mail: niks@raggedmoon.co.uk Homepage: www.laraconley.co.uk

PAUL HARTNOLL (ORBITAL) Territory: World excl. USA Period: Spring 2016 onwards Agency: Value Added Talent Agent: Dan Silver Phone: +44 (0) 2077 049720 E-mail: dan@vathq.co.uk Homepage: www.vathq.co.uk

About Our Company VIP-Booking’s core product is the largest­database­for the European Live Entertainment Industry www.vip-booking.com­developed as a tool for industry professionals­. Since it’s launch in the year 2000, we have consistently offered our subscribers the very best in database services and now boast subscribers­in over 30 countries. Today VIP-Booking offers a range of tools for the industry­ – including VIP-News, VIP-Booking, VIP-Book and VIP-Contract.

MORE ARTIST AVAILS ON: WWW.VIP-BOOKING.COM POST YOUR ARTIST AVAILS ON: WWW.VIP-BOOKING.COM

Please visit vip-booking.com for further information­. Your comments and suggestions are always appreciated­.

®

50 Cent & G-Unit vip-booking.com

14


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