Germany-headquartered live music company CTS EVENTIM and Sony Music Latin Iberia are expanding their EVENTIM joint venture to acquire Punto Ticket in Chile and Teleticket in Peru.
The companies formed a JV in 2016 under the EVENTIM banner to provide ticketing services in Brazil, leveraging, according to the companies, “both CTS EVENTIM’s state-of-the-art technology platform and Sony Music Latin Iberia’s broad range of Latin American business”.
The two new acquisitions will now provide ticketing systems and related services to concert promoters and venues across Chile and Peru.
According to CTS Eventim, the expansion signifies a “pivotal growth” for its operations in South America, a region it says has “immense potential for the live entertainment industry”.
The leadership of both Punto Ticket and Teleticket will continue to lead their respective companies.
The acquisitions in Chile and Peru come two years after CTS EVENTIM entered the North American ticketing market. The company’s US-based website eventim.com started selling tickets on September 26, 2021.
CTS EVENTIM generated revenues of EUR €1.021 billion in the first half of 2023, a 39% increase compared with the prior-year period. This revenue haul marked the first time the company generated in excess of EUR €1 billion within a six-month period.
“We’re delighted to be partnering with Sony Music in two more extremely dynamic territories, and to have Punto Ticket Chile and Teleticket Peru joining our global network.”
Klaus-Peter Schulenberg, CTS EVENTIM
Klaus-Peter Schulenberg, CEO, CTS EVENTIM, said: “South America is a real growth market for ticketing and live entertainment.
“We’re delighted to be partnering with Sony Music in two more extremely dynamic territories, and to have Punto Ticket Chile and Teleticket Peru joining our global network.”
“The expansion of our operations to Chile and Peru showcases our continued commitment to fans, artists, promoters, venues, and the live music business.”
Afo Verde, Sony Music Latin Iberia
Afo Verde, Chairman and CEO, Sony Music Latin Iberia, added: “The expansion of our operations to Chile and Peru showcases our continued commitment to fans, artists, promoters, venues, and the live music business.
“Chile and Peru are exciting, growing markets and a vital stop for both Latin and international touring superstars alike.
“We look forward to our continued partnership with EVENTIM to provide top of class service and solutions to both consumers and our clients in these markets.”
“This partnership propels us into a new growth trajectory within the impressive CTS EVENTIM and Sony Music network.”
Danton Vinales, Punto Ticket
Danton Vinales, Founder and CTO, Punto Ticket, said: “This partnership propels us into a new growth trajectory within the impressive CTS EVENTIM and Sony Music network.
“The collaborative essence of this venture not only enriches our technological skills but also amplifies the service quality for promoters, artists, and fans as well. As we complement our local expertise with global capabilities, the future is ripe with promises of superior live entertainment experiences. I, alongside the Punto Ticket & Teleticket teams, eagerly anticipate the remarkable journey and achievements ahead with our new partners.”Music Business Worldwide
