Kilimanjaro Live’s parent company DEAG announce ownership of Raymond Gubbay Live and DEAG Classic is changing

27 June 2018 - Press release

Kilimanjaro are currently having their most successful year ever with over 1million fans attending the record breaking Ed Sheeran stadium tour which has just finished. They have also recently seen huge success with their Live at Chelsea concert series which features an annual fireworks prom which this year was a Musical Celebration of the works of Andrew Lloyd Webber marking his 70^th Birthday. Last year Kilimanjaro promoted two special performances with Hans Zimmer and looking forward to later this year Kilimanjaro will see Andrea Bocelli play two sold out shows at the O2. 

Kilimanjaro will continue to work closely with RGL as they have done for several years on events such as the Kew the Music concert series and the Kevin and Karen Dance tour. 

2019 is looking to be just as busy with lots of announcements in the pipeline and the return of Live at Chelsea and Kew The Music. 

DEAG, SONY AND RGL LTD. SEVER THEIR TIES.

DEAG, Berlin, has in a "buy-back" acquired 49% of DEAG Classics AG from Sony Music Entertainment Germany GmbH and will now own 100% of the shares in DEAG Classics AG including the shareholding in The Classical Company AG (Switzerland). 

As part of the transaction, DEAG Classics AG is selling its shares in the UK-company Raymond Gubbay Limited to Sony Music Entertainment International Limited. 

There is no change to the ongoing cooperation and the joint projects of Raymond Gubbay Limited and DEAG companies such as Kilimanjaro Live Limited, indeed the collaboration could possibly be expanded to new and additional projects. 

Detlef Kornett, executive board member of DEAG, comments:  "DEAG and I am grateful for the integrity, loyalty and the tremendous success we have experienced in partnering with RGL ltd, in particular with its senior management Debra Eagers, Anthony Findlay and Jonathan Marks and their staff. We have seen through a fundamental change to the business of RGL while profitability increased in our time and the transaction allows RGL to prosper and at the same time the DEAG Classics business to continue to thrive, also in the UK. We are actively looking now at opportunities overall in the UK market to continue on our tremendous growth path that DEAG has started in partnership with Kilimanjaro and also Flying Music Group."  

DEAG companies work exclusively with Artists like Anna Netrebko und Yusif Eyvazov but also work with Rollando Villazon, the Berlin Philharmonic Orchestra, Till Brönner, Joja Wendt, The Piano Guys, 2Cellos and in the UK Kilimanjaro works together with Andrea Bocelli for a long time already.

The transaction represents a first step for DEAG towards successively reducing minority interests with the aim of increasing the earnings per share attributable to DEAG shareholders. Proceeds of this transaction are intended to further strengthen DEAG’s position in the UK, one of its two core markets, also by investing in and increasing activities of myticket.co.uk.

Stuart Galbraith comments: "We will continue to enjoy the full support and the opportunities of collaboration within the DEAG Group, with Flying Music Group but also with RGL in the future. There are numerous opportunities for us to grow our business which we will be able to continue to exploit."