DGAP-News: DEAG Deutsche Entertainment Aktiengesel

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 --------------------------------------------------------------------- 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@edicto.de End of Corporate News --------------------------------------------------------------------- 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 --------------------------------------------------------------------- Language: English Company: DEAG Deutsche Entertainment Aktiengesellschaft Potsdamer Stra�e 58 10785 Berlin Germany Phone: +49-30-810 75-0 Fax: +49-30-810 75-519 E-mail: deag@edicto.de Internet: www.deag.de ISIN: DE000A0Z23G6 WKN: A0Z23G Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 233820 09.10.2013