DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft and Sony Music continue their successful collaboration at DEAG Classics
(firmenpresse) - DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key
word(s): Miscellaneous
DEAG Deutsche Entertainment Aktiengesellschaft and Sony Music continue
their successful collaboration at DEAG Classics
09.10.2013 / 08:28
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Corporate press release
DEAG and Sony Music continue their successful collaboration at DEAG
Classics
- Professor Peter Schwenkow extends his contract as CEO of DEAG Classics
ahead of schedule
- DEAG Classics preparing to enter classical market in other countries
Berlin, October 09, 2013 - DEAG Deutsche Entertainment AG (ISIN
DE000A0Z23G6) and Sony Music Entertainment have announced key developments
regarding their partnership at DEAG Classics AG, which they entered into
four years ago. Professor Peter L.H. Schwenkow, CEO of DEAG and DEAG
Classics, has agreed to extend his contract with DEAG Classics ahead of
schedule until the end of 2016. The agreement now concluded and approved by
the relevant bodies of the two companies, represents a further milestone in
the successful development of DEAG Classics. On this basis the partners
plan the near-term market entry of DEAG Classics in other countries.
Concrete preparations have already been concluded.
DEAG Classics AG, a German stock corporation, is owned 51% by DEAG and 49%
by Sony Music Entertainment.
Bogdan Roscic, President of Sony Classical: 'As a partner in DEAG Classics
AG, Sony Music looks forward to working with DEAG toward the company's
continued success and growth in the classical music market. Sony Music is
pleased that Peter Schwenkow has extended his commitment ahead of schedule,
providing the company with his expertise and continuity during the years to
come.'
Professor Peter L.H. Schwenkow, CEO of DEAG and DEAG Classics: 'The past
years have shown that DEAG and Sony Music perfectly complement each other
as co-owners of DEAG Classics. We hope to leverage this productive business
collaboration to achieve even greater success as DEAG Classics expands to
other countries.'
DEAG Deutsche Entertainment AG
The Executive Board
Contact for further information:
Axel Mühlhaus
edicto GmbH
Tel: +49-69-90 550 552
Email: deag(at)edicto.de
End of Corporate News
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09.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DEAG Deutsche Entertainment Aktiengesellschaft
Potsdamer Straße 58
10785 Berlin
Germany
Phone: +49-30-810 75-0
Fax: +49-30-810 75-519
E-mail: deag(at)edicto.de
Internet: www.deag.deISIN: DE000A0Z23G6
WKN: A0Z23G
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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233820 09.10.2013
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Datum: 09.10.2013 - 08:28 Uhr
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