Berlin, 26 June 2018 – DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) is reacquiring 49% of DEAG Classics AG from Sony Music Entertainment Germany GmbH and will 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 English Raymond Gubbay Limited to Sony Music Entertainment International Limited. The joint projects of Raymond Gubbay Limited and DEAG companies such as Kilimanjaro Live Limited will continue unchanged and the cooperation should be further expanded.
DEAG Classics works exclusively with Artists like Anna Netrebko and Yusif Eyvazov but also works with Rolando Villazón, the Berlin Philharmonic Orchestra, Till Brönner, Joja Wendt and The Piano Guys and will benefit 100 % from its success going forward. The transaction represents a first step towards successively reducing minority interests with the aim of increasing the earnings per share attributable to DEAG shareholders. Proceeds are intended to further strengthen DEAG’s position in its core market of the UK.
Prof. Peter L.H. Schwenkow, CEO and founder of DEAG, comments: “The transaction enables us to continue to achieve two strategic goals. With the complete acquisition of 100% of the shares of DEAG Classics AG, we will increase earnings per share within the next few years. And with the cash inflow of EUR 10,6 million, we are in a position to accelerate the expansion of our position in the British market. The proceeds will also continue to serve our goal of successively reducing minority interests in order to return to an attractive dividend policy.”
Raymond Gubbay himself sold his business to DEAG and has no part in this transaction.
This you must see.
Beats the vulgar Don Cossacks.
The diva’s own words:
Happy to announce , what I gonna make my debut in Arena di Verona us Leonora in il Trovatore! Together with my wonderful Yusif Eyvazov us Manrico😍
Annie Lydford, Head of Communications, is leaving this week.
There’s no good news to communicate at the Coli.
The Chicago Symphony has signed up America’s most sought-after composer.
Press release:
The Chicago Symphony Orchestra Association (CSOA) is pleased to announce that Missy Mazzoli has been selected as its new Mead Composer-in-Residence. Appointed to the position by Music Director Riccardo Muti, Mazzoli begins a two-year term July 1, 2018 continuing through June 30, 2020.
Acclaimed American composer Missy Mazzoli is the recipient of a 2015 Foundation for Contemporary Arts Award, four ASCAP Young Composer Awards and a Fulbright Grant. She previously held positions as Composer in Residence with Opera Philadelphia and Gotham Chamber Opera. She attended the Yale School of Music, the Royal Conservatory of the Hague and Boston University, where her teachers have included David Lang, Louis Andriessen and Aaron Jay Kernis.
The Swedish experimentalist Bo Nilsson died today.
A serialist at first, he returned to tonality with works for unexpected combinations of instruments, some acoustic, the rest electronic.
His trilogy of cantatas, A Letter to Gosta Oswald, is among his more performed works.
On the day that Saudi women finally won the right to drive, the Palestinian cellist Naseem Alatrash has issued a Middle Eastern arrangement of the Beatles classic. The singer is Nano Raies, a Syrian.
The ‘ex-Sinzheimer’ G. B. Guadagnini was sold yesterday by Tarisio Auctions for a record $2,105,305.
Now here’s a first:
J & A Beare is delighted to announce that with effect from January 2019 it will begin a new long-term collaboration with the Hong Kong International Chamber Music Festival. The partnership will see the name of the Festival change to the “Beare’s Premiere Music Festival”.
We have received this statement from Raimund Trenkler, founder of the Kronberg Academy, in response to claims by Marika Hughes, granddaughter of Emmanuel Feuermann, that she was sidelined for racial reasons.
Mr Trenkler writes:
I deeply regret that Marika Hughes felt hurt in 2002. We were delighted about her accepting our following invitations to the Grand Prix Emanuel Feuermann in 2006 and 2010 and to have her as our guest there representing the Feuermann family.
I am sorry for not having invited Marika Hughes as a cellist for artistic reasons.
Now I am stunned at the accusations she is putting forward against me in her interview with Mr. Katz. I certainly did not set up the Kronberg Academy to put any people above others. Just the opposite is the case.
Respectfully,
Raimund Trenkler
Stefan Arzberger, formerly of the Leipzig String Quartet, is taking a small ensemble to Jordan for a tour of Syrian refugee camps.
‘The idea (is) to set a sign of solidarity for the many people who had to flee from crisis-hit areas in the region. And the best way to do so was by using the universally applicable language of music, which contributes at the same time to international understanding,’ Arzberger tells the Jordan Times.
Others taking part are cellist Konstantin Pfiz, violist Béatrice Muthelet and clarinetist Marco Thomas.
They will play eight concerts in Azraq Refugee Camp, Irbid, Mafraq, Salt and Amman.
Last night’s Trovatore was cancelled by the Opéra National de Paris.
The message read: ‘Unfortunately tonight’s performance at Opéra de Paris is cancelled due to a strike. The management of the Paris Opera wishes to apologize to spectators and to propose either a ticket exchange for another performance of the same production, or a refund.’
