Members of German live event promoters BDV and VDKD voted unanimously this week to ratify their agreement to merge organizations, forming the Bundesverband der Konzert- und Veranstaltungswirtschaft (BDKV).
The newly formed association will be lead by co-presidents, BDV's Jens Michow and VDKD's Pascal Funke. The former will also take on managing director duties for BDKV in Hamburg.
Membership of BDKV will include 500 live agencies and organizers. Germany's event industry generates annual sales of roughly €5 billion with 113.5 million tickets sold.