Former Italy star Andrea Pirlo took to the pitch for the final time to say goodbye to football in a star-studded testimonial "Night of the Master" tournament at the San Siro on Monday
Reported by Firstpost 3 hours ago.
Italy legend Andrea Pirlo given emotional send off in star-studded San Siro testimonial
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↧
Who rules Italy?
EU leaders and investors can now worry about a dysfunctional populist government in Rome
Reported by FT.com 3 hours ago.
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Populists’ pick to be Italian premier scorns bureaucracy
ROME (AP) — Giuseppe Conte, a bureaucracy-allergic law professor, is hardly a household name in Italy. Yet the 53-year-old academic is the candidate two rival political leaders have chosen to head what they hope will be the country’s first populist government. Say the name “Conte” and the one who comes to the mind of many […]
Reported by Seattle Times 2 hours ago.
↧
Aon and DLA Piper review insurability of GDPR fines across Europe
Companies in Asia must carefully consider their exposure to EU citizen data and their compliance with obligations under that regime. Data breaches, and other cyber events, could see businesses face major fines, but these may be outweighed by legal and investigative costs, business interruption losses and exposure to third party liability.
* *
SINGAPORE - Media OutReach - 22 May, 2018 - Aon (NYSE:AON) and DLA Piper have launched a guide 'The price of data security', ahead of the General Data Protection Regulation (GDPR), effective from 25 May 2018.
The guide reviews the insurability of GDPR fines across Europe, which can reach up to €20 million or, if higher, up to 4% of a group's annual global turnover. It also looks at insurability of costs associated with GDPR non-compliance (e.g. litigation, investigation and compensation), as well as the insurability of non-GDPR regulatory fines.
The guide highlights that there are currently only a few jurisdictions in Europe where civil fines can be covered by insurance and, even then, there must be no deliberate wrongdoing or gross negligence on the part of the insured. Criminal penalties are almost never insurable. GDPR administrative fines are civil in nature, but the GDPR also allows European Member States to impose their own penalties for personal data violations.
Key findings include:
· GDPR fines were found to be insurable in only two of the countries reviewed -- Finland and Norway;
· In 20 out of 30 reviewed jurisdictions GDPR fines would generally not be regarded as insurable, including the UK, France, Italy and Spain;
· In eight of the jurisdictions it is unclear whether GDPR fines would be insurable. In these jurisdictions specific details around individual cases, for example the conduct of the insured and whether the fine is classed as criminal, will need to be considered.
Whilst the insurability of GDPR fines may be limited, insurance forms a key component of an organisation's risk management strategy to manage costs associated with GDPR non-compliance and resulting business disruption losses. Such costs could include legal fees and litigation, regulatory investigation, remediation and other costs associated with compensation and notification to impacted data subjects.
*Andrew Mahony*, Regional Director, Financial Services & Professions Group, Asia, Aon commented:
"To prepare for the GDPR, companies in Asia must carefully consider their exposure to EU citizen data and their compliance with obligations under that regime. Data breaches, and other cyber events, could see businesses face major fines, but these may be outweighed by legal and investigative costs, business interruption losses and exposure to third party liability, all of which are insurable. Organisations should work closely with their insurance partners to ensure that they have an appropriate risk transfer solution in place."
Organisations may also face damage to both their reputation and market position if impacted by a high-profile data breach.
*Prakash (PK) Paran*, Partner and Co-Chair, Global Insurance Sector at DLA Piper added:
"While there are only a few jurisdictions where GDPR fines are insurable, insurance against legal costs and liabilities following a data breach is widely available across Europe and may provide valuable cover to organisations. However, corporate groups still need to consider reputational damage and impact on existing customers, the wider market, and their relationships with regulators, all of which may go beyond quantifiable financial losses. Prevention is better than the cure."
To download the full report 'The price of data security: A guide to the insurability of GDPR fines across Europe' please visit Aon's website.
*About Aon*
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Follow Aon on Twitter: https://twitter.com/Aon_plc
Sign up for News Alerts: http://aon.mediaroom.com/index.php?s=58
*About DLA Piper*
DLA Piper is a global law firm located in more than 40 countries throughout Africa, the Americas, Asia Pacific, Europe and the Middle East, positioning it to help companies with their legal needs anywhere in the world. For further information on DLA Piper, visit our website www.dlapiper.com
This publication is intended as a general overview and discussion of the subjects dealt with, and does not create a lawyer-client relationship. It is not intended to be, and should not be used as, a substitute for taking legal advice in any specific situation. DLA Piper will accept no responsibility for any actions taken or not taken on the basis of this publication. This may qualify as "Lawyer Advertising" requiring notice in some jurisdictions. Prior results do not guarantee a similar outcome. Reported by Media OutReach 2 hours ago.
* *
SINGAPORE - Media OutReach - 22 May, 2018 - Aon (NYSE:AON) and DLA Piper have launched a guide 'The price of data security', ahead of the General Data Protection Regulation (GDPR), effective from 25 May 2018.
The guide reviews the insurability of GDPR fines across Europe, which can reach up to €20 million or, if higher, up to 4% of a group's annual global turnover. It also looks at insurability of costs associated with GDPR non-compliance (e.g. litigation, investigation and compensation), as well as the insurability of non-GDPR regulatory fines.
The guide highlights that there are currently only a few jurisdictions in Europe where civil fines can be covered by insurance and, even then, there must be no deliberate wrongdoing or gross negligence on the part of the insured. Criminal penalties are almost never insurable. GDPR administrative fines are civil in nature, but the GDPR also allows European Member States to impose their own penalties for personal data violations.
Key findings include:
· GDPR fines were found to be insurable in only two of the countries reviewed -- Finland and Norway;
· In 20 out of 30 reviewed jurisdictions GDPR fines would generally not be regarded as insurable, including the UK, France, Italy and Spain;
· In eight of the jurisdictions it is unclear whether GDPR fines would be insurable. In these jurisdictions specific details around individual cases, for example the conduct of the insured and whether the fine is classed as criminal, will need to be considered.
Whilst the insurability of GDPR fines may be limited, insurance forms a key component of an organisation's risk management strategy to manage costs associated with GDPR non-compliance and resulting business disruption losses. Such costs could include legal fees and litigation, regulatory investigation, remediation and other costs associated with compensation and notification to impacted data subjects.
*Andrew Mahony*, Regional Director, Financial Services & Professions Group, Asia, Aon commented:
"To prepare for the GDPR, companies in Asia must carefully consider their exposure to EU citizen data and their compliance with obligations under that regime. Data breaches, and other cyber events, could see businesses face major fines, but these may be outweighed by legal and investigative costs, business interruption losses and exposure to third party liability, all of which are insurable. Organisations should work closely with their insurance partners to ensure that they have an appropriate risk transfer solution in place."
Organisations may also face damage to both their reputation and market position if impacted by a high-profile data breach.
*Prakash (PK) Paran*, Partner and Co-Chair, Global Insurance Sector at DLA Piper added:
"While there are only a few jurisdictions where GDPR fines are insurable, insurance against legal costs and liabilities following a data breach is widely available across Europe and may provide valuable cover to organisations. However, corporate groups still need to consider reputational damage and impact on existing customers, the wider market, and their relationships with regulators, all of which may go beyond quantifiable financial losses. Prevention is better than the cure."
To download the full report 'The price of data security: A guide to the insurability of GDPR fines across Europe' please visit Aon's website.
*About Aon*
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Follow Aon on Twitter: https://twitter.com/Aon_plc
Sign up for News Alerts: http://aon.mediaroom.com/index.php?s=58
*About DLA Piper*
DLA Piper is a global law firm located in more than 40 countries throughout Africa, the Americas, Asia Pacific, Europe and the Middle East, positioning it to help companies with their legal needs anywhere in the world. For further information on DLA Piper, visit our website www.dlapiper.com
This publication is intended as a general overview and discussion of the subjects dealt with, and does not create a lawyer-client relationship. It is not intended to be, and should not be used as, a substitute for taking legal advice in any specific situation. DLA Piper will accept no responsibility for any actions taken or not taken on the basis of this publication. This may qualify as "Lawyer Advertising" requiring notice in some jurisdictions. Prior results do not guarantee a similar outcome. Reported by Media OutReach 2 hours ago.
↧
Populists' pick to be Italian premier scorns bureaucracy
ROME (AP) — Giuseppe Conte, a bureaucracy-allergic law professor, is hardly a household name in Italy. Yet the 53-year-old academic is the candidate two rival political leaders have chosen to head what they hope will be the country's...
Reported by New Zealand Herald 2 hours ago.
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Liverpool FC ready to sign 22-year-old Serie A starlet – report
Liverpool FC are ready to battle it out with Serie A runners up Napoli to sign Sampdoria starlet Lucas Torreira this summer, according to a report in Italy. Italian media outlet Gazzetto dello Sport, as quoted by the Daily Mirror, is reporting that the Reds are interested in the 22-year-old following his impressive performances for […]
The post Liverpool FC ready to sign 22-year-old Serie A starlet – report appeared first on The Sport Review. Reported by The Sport Review 2 hours ago.
The post Liverpool FC ready to sign 22-year-old Serie A starlet – report appeared first on The Sport Review. Reported by The Sport Review 2 hours ago.
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Emilia-Romagna in Italy and Dundee are among Lonely Planet's top European destinations
The Italian region saw off competition from destinations across Spain including Cantabria, which came second, the UK, France and Greece to top Lonely Planet's Best in Europe list for 2018.
Reported by MailOnline 2 hours ago.
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Aquafil and Genomatica Collaborate on Project EFFECTIVE to Increase Adoption of Sustainable Materials
A coalition of brands, ingredient manufacturers, technology developers supported by EU’s Horizon 2020 program
TRENTO, Italy and SAN DIEGO, May 22, 2018 (GLOBE NEWSWIRE) -- Aquafil and Genomatica announce the formation of Project EFFECTIVE, a multi-company collaboration to produce more sustainable fibers and plastics for commercial use by using renewable feedstocks and bio-based technologies. With participation from 12 companies, including brands like H&M, Carvico, Vaude and Balsan, Project EFFECTIVE is one of the broadest industrial-driven efforts to reshape entire product value chains and drive economic growth.An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8e3dcc15-2b81-4ee9-a716-550399dbb4ba
One of the key objectives of Project EFFECTIVE is to develop a more sustainable nylon, made from bio-based caprolactam produced using renewable feedstocks. The nylon will be validated by brands to make apparel and carpet textiles.
An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/619f0577-ccb5-4c33-8701-2ae17ddeeeb5
*Engaging brands at the beginning
*An advantage of Project EFFECTIVE is the early involvement of major consumer brands, allowing them to contribute valuable customer- and industry-driven perspectives. This brand participation is expected to facilitate broader and faster adoption of sustainable technologies and products. Brands will better understand what monomers, polymers and sustainability initiatives are commercially available, enabling them to develop more effective plans with suppliers regarding bio-based ingredients and materials.
*Participants and funding
*Project EFFECTIVE’s stakeholders span eight countries and are leaders in renewable feedstocks, conversion technologies, makers of intermediate and finished products, major consumer brands and recycling technologies. Participants include Aquafil, Genomatica, H&M, Carvico, Vaude, Balsan, Circular Change, Life Cycle Engineering, Bio-Mi, Südzucker, Fundación CIRCE, and Novamont.
The initiative is funded in part through a grant from the Bio-Based Industries Joint Undertaking, a public/private partnership between the European Union’s Horizon 2020 program and the Bio-based Industries Consortium. Aquafil and Genomatica’s agreement announced in early 2018 will pave the way toward the industrial production of bio-based nylon.
*Supporting quotes
*“This consortium is an important step toward a more circular economy,” said Giulio Bonazzi, Chairman and CEO of Aquafil. “Together we will drive new waves of healthy industrialization, economic growth, and greater sustainability – better than we can individually.”
“More renewables in product value chains means more impact,” said Christophe Schilling, CEO of Genomatica. “More and more manufacturers and brands get it; more and more are taking action. We look forward to rapidly expanding the circle of action.”
*About Aquafil
*Since 1965 Aquafil has been one of the leading players, both in Italy and globally, in the production of polyamide 6 (nylon 6). The Aquafil Group has a presence in eight countries on three continents, employing more than 2,700 staff at 15 plants located in Italy, Germany, Scotland, Slovenia, Croatia, the USA, Thailand and China. For more information, visit www.aquafil.com.
*About Genomatica
*Genomatica is a widely-recognized leader in bioengineering and aims to lead a transition to more sustainable materials. It develops bio-based process technologies that enable a better way to produce widely-used chemicals, from alternative feedstocks, with better economics, sustainability and performance. Genomatica has earned widespread acclaim for its technology and has already commercialized processes for two important chemicals, butanediol (for biodegradable plastics and apparel) and butylene glycol (cosmetics and personal care). Awards include the Kirkpatrick Award, for “the most noteworthy chemical engineering technology commercialized in the world” and the ICIS Innovation Award for its Brontide™ butylene glycol. To learn more, visit www.genomatica.com.
*For more information:
*Aquafil: Maria Giovanna Sandrini, maria.giovanna.sandrini@aquafil.com
Genomatica: Steve Weiss, sweiss@genomatica.com, +1.858.210.4424 Reported by GlobeNewswire 1 hour ago.
TRENTO, Italy and SAN DIEGO, May 22, 2018 (GLOBE NEWSWIRE) -- Aquafil and Genomatica announce the formation of Project EFFECTIVE, a multi-company collaboration to produce more sustainable fibers and plastics for commercial use by using renewable feedstocks and bio-based technologies. With participation from 12 companies, including brands like H&M, Carvico, Vaude and Balsan, Project EFFECTIVE is one of the broadest industrial-driven efforts to reshape entire product value chains and drive economic growth.An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8e3dcc15-2b81-4ee9-a716-550399dbb4ba
One of the key objectives of Project EFFECTIVE is to develop a more sustainable nylon, made from bio-based caprolactam produced using renewable feedstocks. The nylon will be validated by brands to make apparel and carpet textiles.
An infographic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/619f0577-ccb5-4c33-8701-2ae17ddeeeb5
*Engaging brands at the beginning
*An advantage of Project EFFECTIVE is the early involvement of major consumer brands, allowing them to contribute valuable customer- and industry-driven perspectives. This brand participation is expected to facilitate broader and faster adoption of sustainable technologies and products. Brands will better understand what monomers, polymers and sustainability initiatives are commercially available, enabling them to develop more effective plans with suppliers regarding bio-based ingredients and materials.
*Participants and funding
*Project EFFECTIVE’s stakeholders span eight countries and are leaders in renewable feedstocks, conversion technologies, makers of intermediate and finished products, major consumer brands and recycling technologies. Participants include Aquafil, Genomatica, H&M, Carvico, Vaude, Balsan, Circular Change, Life Cycle Engineering, Bio-Mi, Südzucker, Fundación CIRCE, and Novamont.
The initiative is funded in part through a grant from the Bio-Based Industries Joint Undertaking, a public/private partnership between the European Union’s Horizon 2020 program and the Bio-based Industries Consortium. Aquafil and Genomatica’s agreement announced in early 2018 will pave the way toward the industrial production of bio-based nylon.
*Supporting quotes
*“This consortium is an important step toward a more circular economy,” said Giulio Bonazzi, Chairman and CEO of Aquafil. “Together we will drive new waves of healthy industrialization, economic growth, and greater sustainability – better than we can individually.”
“More renewables in product value chains means more impact,” said Christophe Schilling, CEO of Genomatica. “More and more manufacturers and brands get it; more and more are taking action. We look forward to rapidly expanding the circle of action.”
*About Aquafil
*Since 1965 Aquafil has been one of the leading players, both in Italy and globally, in the production of polyamide 6 (nylon 6). The Aquafil Group has a presence in eight countries on three continents, employing more than 2,700 staff at 15 plants located in Italy, Germany, Scotland, Slovenia, Croatia, the USA, Thailand and China. For more information, visit www.aquafil.com.
*About Genomatica
*Genomatica is a widely-recognized leader in bioengineering and aims to lead a transition to more sustainable materials. It develops bio-based process technologies that enable a better way to produce widely-used chemicals, from alternative feedstocks, with better economics, sustainability and performance. Genomatica has earned widespread acclaim for its technology and has already commercialized processes for two important chemicals, butanediol (for biodegradable plastics and apparel) and butylene glycol (cosmetics and personal care). Awards include the Kirkpatrick Award, for “the most noteworthy chemical engineering technology commercialized in the world” and the ICIS Innovation Award for its Brontide™ butylene glycol. To learn more, visit www.genomatica.com.
*For more information:
*Aquafil: Maria Giovanna Sandrini, maria.giovanna.sandrini@aquafil.com
Genomatica: Steve Weiss, sweiss@genomatica.com, +1.858.210.4424 Reported by GlobeNewswire 1 hour ago.
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Asian Shares End Mostly Lower Amid Italy Uncertainty
Asian stocks ended mostly lower on Tuesday as a strengthening dollar sapped demand for emerging market assets and investors kept an eye on Italian politics after the country's two populist parties announced a joint agreement naming Giuseppe Conte, 53, as the next prime minister.
Reported by RTTNews 1 hour ago.
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Italy is testing Mario Draghi to step in and do “whatever it takes”
The Greek debt crisis was contained because the ECB vowed to do “whatever it takes” to backstop things. John Stepek asks if it’s prepared to do the same with Italy.
The post Italy is testing Mario Draghi to step in and do “whatever it takes” was first published on MoneyWeek. Reported by MoneyWeek 40 minutes ago.
The post Italy is testing Mario Draghi to step in and do “whatever it takes” was first published on MoneyWeek. Reported by MoneyWeek 40 minutes ago.
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DAX Little Changed On Italy Worries
German shares were little changed in cautious trade on Tuesday as investors fretted over high spending fiscal plans of Italy's incoming coalition government.
Reported by RTTNews 22 minutes ago.
↧
WiseCleaner Launches Wise Anti Malware for PC Users
Wise Anti Malware offers real-time protection from not only viruses and malware, but also against programs like adware being embedded in web browsers, or changes to the homepage.
(PRWEB) May 22, 2018
WiseCleaner continues to grow its PC solutions with the launch of Wise Anti Malware. The software offers real-time protection from not only viruses and malware, but also against programs like adware being embedded in web browsers, unrequested toolbars, or changes to the homepage. It allows individuals to use PCs safely and securely with minimal impact on system performance.
As the IT industry continuously evolves, so too does the scale and sophistication of cyber-attacks. Home and small business users are increasingly exposed to risks and could seem like easy targets to cyber-criminals. These vulnerable groups need efficient, affordable solutions to defend and secure their data against the emergence of new threats.
“The purpose of developing Wise Anti Malware is to help users block Malware and PUAs with complete peace of mind they’re shielded from unwanted intrusions and attacks. We are pleased to provide our customers with the benefits of real-time protection from current and next generation cybersecurity threats,” says Terry – WiseCleaner CEO.
Wise Anti Malware guards your PC from viruses, malware, adware, ransomware, phishing, spyware and potentially unwanted applications/programs (PUA/PUP). These unwanted programs can offer a way in for attackers, so it’s important to have complete control over PC activity. The software lets users configure policies to suit their preferences by allowing or removing selected applications anytime.
Compatible with Windows 10 Defender and previous versions of Windows for PCs — it has three shields — Malware; to detect and block malware threats, Adware; to protect and block AD windows, and Registry; to detect and prevent programs from adding new startup items into the registry. Its user-friendly interface prevents confusion and enables fast, easy set-up.
Wise Anti Malware will clean up disk, remove temporary files created by Windows system and applications, clean internet history, cache files, and remove cookies of Google Chrome, Mozilla Firefox, Microsoft Edge, Internet Explorer, Opera, Safari, and other Chromium browsers (Comodo Dragon, SRWare Iron, RockMelt, Pale Moon, Yandex, Vivaldi). It’s a complete solution that seamlessly integrates with the WiseCleaner software series — and it’s available now.
The comprehensive suite of tools to protect your PC is what makes Wise Anti Malware a great software solution you can download today. WiseCleaner offers total support for users in multiple languages as well as easy-to-follow product documentation. Wise Anti Malware delivers all the protection you need in one convenient product.
You can try Wise Anti Malware from https://www.wisecleaner.com/wise-anti-malware.html
About WiseCleaner
WiseCleaner provides data & security, performance, utility and mobile products to over 70,000,000 worldwide users in countries including the U.S, UK, Germany, France, Italy, Russia, China, Japan, Korea and more. WiseCleaner is the developer of best-selling PC operating system maintenance & optimization software Wise Care 365. Other reputable freeware developed by WiseCleaner includes; Wise Registry Cleaner, Wise Disk Cleaner, Wise Data Recovery, Wise Program Uninstaller, Wise Folder Hider, Wise Memory Optimizer, Wise Game Booster, Wise JetSearch and others. WiseCleaner software is a recognized, proven and reliable IT solutions-provider to stabilize, secure and speed up your Windows PC. Reported by PRWeb 25 minutes ago.
(PRWEB) May 22, 2018
WiseCleaner continues to grow its PC solutions with the launch of Wise Anti Malware. The software offers real-time protection from not only viruses and malware, but also against programs like adware being embedded in web browsers, unrequested toolbars, or changes to the homepage. It allows individuals to use PCs safely and securely with minimal impact on system performance.
As the IT industry continuously evolves, so too does the scale and sophistication of cyber-attacks. Home and small business users are increasingly exposed to risks and could seem like easy targets to cyber-criminals. These vulnerable groups need efficient, affordable solutions to defend and secure their data against the emergence of new threats.
“The purpose of developing Wise Anti Malware is to help users block Malware and PUAs with complete peace of mind they’re shielded from unwanted intrusions and attacks. We are pleased to provide our customers with the benefits of real-time protection from current and next generation cybersecurity threats,” says Terry – WiseCleaner CEO.
Wise Anti Malware guards your PC from viruses, malware, adware, ransomware, phishing, spyware and potentially unwanted applications/programs (PUA/PUP). These unwanted programs can offer a way in for attackers, so it’s important to have complete control over PC activity. The software lets users configure policies to suit their preferences by allowing or removing selected applications anytime.
Compatible with Windows 10 Defender and previous versions of Windows for PCs — it has three shields — Malware; to detect and block malware threats, Adware; to protect and block AD windows, and Registry; to detect and prevent programs from adding new startup items into the registry. Its user-friendly interface prevents confusion and enables fast, easy set-up.
Wise Anti Malware will clean up disk, remove temporary files created by Windows system and applications, clean internet history, cache files, and remove cookies of Google Chrome, Mozilla Firefox, Microsoft Edge, Internet Explorer, Opera, Safari, and other Chromium browsers (Comodo Dragon, SRWare Iron, RockMelt, Pale Moon, Yandex, Vivaldi). It’s a complete solution that seamlessly integrates with the WiseCleaner software series — and it’s available now.
The comprehensive suite of tools to protect your PC is what makes Wise Anti Malware a great software solution you can download today. WiseCleaner offers total support for users in multiple languages as well as easy-to-follow product documentation. Wise Anti Malware delivers all the protection you need in one convenient product.
You can try Wise Anti Malware from https://www.wisecleaner.com/wise-anti-malware.html
About WiseCleaner
WiseCleaner provides data & security, performance, utility and mobile products to over 70,000,000 worldwide users in countries including the U.S, UK, Germany, France, Italy, Russia, China, Japan, Korea and more. WiseCleaner is the developer of best-selling PC operating system maintenance & optimization software Wise Care 365. Other reputable freeware developed by WiseCleaner includes; Wise Registry Cleaner, Wise Disk Cleaner, Wise Data Recovery, Wise Program Uninstaller, Wise Folder Hider, Wise Memory Optimizer, Wise Game Booster, Wise JetSearch and others. WiseCleaner software is a recognized, proven and reliable IT solutions-provider to stabilize, secure and speed up your Windows PC. Reported by PRWeb 25 minutes ago.
↧
CTS Eventim AG & Co. KGaA: CTS EVENTIM enters Spanish Live Entertainment market by acquiring Doctor Music
DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Takeover
22.05.2018 / 11:00
The issuer is solely responsible for the content of this announcement.
--------------------
*PRESS RELEASE*
*CTS EVENTIM enters Spanish Live Entertainment market by acquiring Doctor Music*
· CTS EVENTIM purchases 63.5% stake in celebrated concert and festival promoter
· Doctor Music founder Neo Sala to remain an invested stakeholder and CEO
· CTS EVENTIM Live Entertainment portfolio now spans 10 countries
Munich/Barcelona, 22 May 2018. CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, is acquiring a majority (63.5%) share in Doctor Music, the major Spanish promoter of concerts and festivals. With this transaction, CTS EVENTIM is broadening its international base still further and now has a presence in Spain with its
Live Entertainment segment, too. The company already owns entradas.com, one of the country's leading ticketing providers.
Klaus-Peter Schulenberg, CEO of CTS EVENTIM, said 'The Spanish market has shown encouraging growth in recent years and is one of the most important destinations for artists from across the world. In the future, we will be able to offer them not only efficient ticketing, but also a range of tour options. With its international portfolio of artists and inventory strengths, Doctor Music is the ideal partner for this advance.'
Doctor Music CEO Neo Sala commented that 'We were one of the first concert promoters to bring the greatest pop-rock stars to Spain, 35 years ago. Since then, Doctor Music has worked tirelessly to put Spain on the international rock and pop stage. This partnership is a huge leap forward for my team and myself, allowing us to tap the resources and the network of a global player to offer both artists and fans the best services, for an unforgettable live experience.'
In the coming months, Doctor Music will be presenting shows by globally renowned stars like Beth Ditto, Bruno Mars, Camila Cabello, Jason Derulo, Katy Perry, Parov Stelar, Shawn Mendes and Texas. The company recently also announced that it will be reviving the legendary 'Doctor Music Festival' in the Pyrenean village of Escalarre in July 2019, after a 20-year absence.
The acquisition itself, which includes the legal entities Big Tours S.L. and In Cow We Trust S.L., is complete and follows four acquisitions for CTS EVENTIM in Italy since September.*About CTS EVENTIM*
CTS EVENTIM is one of the leading international providers of ticketing services and
live entertainment. In 2017, more than 250 million tickets were marketed using the company's systems - through stationary box offices, online or mobile. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like 'Rock am Ring', 'Rock im Park', 'Hurricane' and 'Southside'. In addition, some of Europe's most renowned venues are operated by CTS EVENTIM, for example the LANXESS arena in Cologne, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS EVENTIM AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and has been a member of the MDAX segment since 2015. In 2017, its 3,020-strong workforce generated more than one billion Euro in revenues in 23 countries.
*About Doctor Music*
Doctor Music Concert Promoters was founded in 1982 by Neo Sala. Under his management, it grew to become one of Spain's leading concert and festival promoters. Doctor Music has organised the Spanish tours of Adele, the Black Eyed Peas, Bon Jovi, Bruce Springsteen, Dire Straits, Eminem, Justin Bieber, Leonard Cohen, Michael Jackson, Nick Cave, Pink Floyd, Prince, Radiohead, Red Hot Chili Peppers, R.E.M., Robbie Williams, Rolling Stones and Tina Turner.
Doctor Music broke records in 1992 with Dire Straits' 'On Every Street' tour by selling over half a million tickets, making it the biggest selling tour ever by a foreign act in Spain; a record that stands today. In 2008, Doctor Music established another milestone with Bruce Springsteen's Spanish tour and became the first Spanish promoter to hold three top ten positions in Billboard's 'Boxscore' charts for worldwide concert takings in one week; a title the company still holds.
22 years after its first edition, the legendary Doctor Music Festival is still the most important non-urban festival ever celebrated in Southern Europe, with four editions (1996, 1997, 1998 and 2000).
Doctor Music recently announced a 'Reincarnation Edition' in July 2019, at the original site in the Spanish Pyrenees.For further information, contact:
*CTS EVENTIM*
Corporate Communications:
Christian Steinhof
Head of Corporate Communications
Tel.: +49.40.380788.7299
christian.steinhof@eventim.de
Investor Relations:
Marco Haeckermann
Vice President Corporate Development & Strategy
Tel.: +49.421.3666.270
marco.haeckermann@eventim.de
*Doctor Music Concerts*
Silvia Ortega
Head of Communications & Marketing
Tel.: +34.93.268.2828
sortega@doctormusic.com
Dani Gutierrez
Head of Madrid Office
Tel.: +34.91.515.0239
dgutierrez@doctormusic.com
*Doctor Music Festival*
UK PR - The Outside Organisation Ltd
Jack Delaney - Alan Edwards
Head of Communications
Tel.: + 44.20.7436.3633
D.: +44.20.7462.2939
M: +44.7825.439 020
jack.delaney@outside-org.co.uk
alan.edwards@outside-org.co.uk
Doctor Music Festival Organisation
Merche García
Tel.: +34.93.268.2828
merche@doctormusic.com --------------------
22.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de --------------------
Language: English
Company: CTS Eventim AG & Co. KGaA
Rablstr. 26
81669 München
Germany
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: tatjana.wilhelm@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service Reported by EQS Group 26 minutes ago.
22.05.2018 / 11:00
The issuer is solely responsible for the content of this announcement.
--------------------
*PRESS RELEASE*
*CTS EVENTIM enters Spanish Live Entertainment market by acquiring Doctor Music*
· CTS EVENTIM purchases 63.5% stake in celebrated concert and festival promoter
· Doctor Music founder Neo Sala to remain an invested stakeholder and CEO
· CTS EVENTIM Live Entertainment portfolio now spans 10 countries
Munich/Barcelona, 22 May 2018. CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, is acquiring a majority (63.5%) share in Doctor Music, the major Spanish promoter of concerts and festivals. With this transaction, CTS EVENTIM is broadening its international base still further and now has a presence in Spain with its
Live Entertainment segment, too. The company already owns entradas.com, one of the country's leading ticketing providers.
Klaus-Peter Schulenberg, CEO of CTS EVENTIM, said 'The Spanish market has shown encouraging growth in recent years and is one of the most important destinations for artists from across the world. In the future, we will be able to offer them not only efficient ticketing, but also a range of tour options. With its international portfolio of artists and inventory strengths, Doctor Music is the ideal partner for this advance.'
Doctor Music CEO Neo Sala commented that 'We were one of the first concert promoters to bring the greatest pop-rock stars to Spain, 35 years ago. Since then, Doctor Music has worked tirelessly to put Spain on the international rock and pop stage. This partnership is a huge leap forward for my team and myself, allowing us to tap the resources and the network of a global player to offer both artists and fans the best services, for an unforgettable live experience.'
In the coming months, Doctor Music will be presenting shows by globally renowned stars like Beth Ditto, Bruno Mars, Camila Cabello, Jason Derulo, Katy Perry, Parov Stelar, Shawn Mendes and Texas. The company recently also announced that it will be reviving the legendary 'Doctor Music Festival' in the Pyrenean village of Escalarre in July 2019, after a 20-year absence.
The acquisition itself, which includes the legal entities Big Tours S.L. and In Cow We Trust S.L., is complete and follows four acquisitions for CTS EVENTIM in Italy since September.*About CTS EVENTIM*
CTS EVENTIM is one of the leading international providers of ticketing services and
live entertainment. In 2017, more than 250 million tickets were marketed using the company's systems - through stationary box offices, online or mobile. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like 'Rock am Ring', 'Rock im Park', 'Hurricane' and 'Southside'. In addition, some of Europe's most renowned venues are operated by CTS EVENTIM, for example the LANXESS arena in Cologne, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS EVENTIM AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and has been a member of the MDAX segment since 2015. In 2017, its 3,020-strong workforce generated more than one billion Euro in revenues in 23 countries.
*About Doctor Music*
Doctor Music Concert Promoters was founded in 1982 by Neo Sala. Under his management, it grew to become one of Spain's leading concert and festival promoters. Doctor Music has organised the Spanish tours of Adele, the Black Eyed Peas, Bon Jovi, Bruce Springsteen, Dire Straits, Eminem, Justin Bieber, Leonard Cohen, Michael Jackson, Nick Cave, Pink Floyd, Prince, Radiohead, Red Hot Chili Peppers, R.E.M., Robbie Williams, Rolling Stones and Tina Turner.
Doctor Music broke records in 1992 with Dire Straits' 'On Every Street' tour by selling over half a million tickets, making it the biggest selling tour ever by a foreign act in Spain; a record that stands today. In 2008, Doctor Music established another milestone with Bruce Springsteen's Spanish tour and became the first Spanish promoter to hold three top ten positions in Billboard's 'Boxscore' charts for worldwide concert takings in one week; a title the company still holds.
22 years after its first edition, the legendary Doctor Music Festival is still the most important non-urban festival ever celebrated in Southern Europe, with four editions (1996, 1997, 1998 and 2000).
Doctor Music recently announced a 'Reincarnation Edition' in July 2019, at the original site in the Spanish Pyrenees.For further information, contact:
*CTS EVENTIM*
Corporate Communications:
Christian Steinhof
Head of Corporate Communications
Tel.: +49.40.380788.7299
christian.steinhof@eventim.de
Investor Relations:
Marco Haeckermann
Vice President Corporate Development & Strategy
Tel.: +49.421.3666.270
marco.haeckermann@eventim.de
*Doctor Music Concerts*
Silvia Ortega
Head of Communications & Marketing
Tel.: +34.93.268.2828
sortega@doctormusic.com
Dani Gutierrez
Head of Madrid Office
Tel.: +34.91.515.0239
dgutierrez@doctormusic.com
*Doctor Music Festival*
UK PR - The Outside Organisation Ltd
Jack Delaney - Alan Edwards
Head of Communications
Tel.: + 44.20.7436.3633
D.: +44.20.7462.2939
M: +44.7825.439 020
jack.delaney@outside-org.co.uk
alan.edwards@outside-org.co.uk
Doctor Music Festival Organisation
Merche García
Tel.: +34.93.268.2828
merche@doctormusic.com --------------------
22.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de --------------------
Language: English
Company: CTS Eventim AG & Co. KGaA
Rablstr. 26
81669 München
Germany
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: tatjana.wilhelm@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service Reported by EQS Group 26 minutes ago.
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