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Deutsche Entertainment Posts Strong Third Quarter

Deutsche Entertainment AG(DEAG) reports strong third quarter financials. DEAG increased its third quarter sales revenues by $6.8 million (DM 155 m; 79.3 m euros) to $201.6 million (DM 440.1 m; 225.0 m euros), or a 54.4 percent growth in relation to third quarter 2000 revenues of $130.6 million (DM 285.1 m; 145.8 m euros).

DEAG attributes this growth to its success in the Artists & Tours and Urban Entertainment divisions with strong open-air seasons in Germany, Switzerland and the UK and ongoing success in the tours segment both in Europe and elsewhere.