German festival and concert promoter FKP Scorpio and Danish booking agency, promoter and management company smash!bang!pow! have entered into a partnership.
Smash!bang!pow! sold 25 percent of the company to FKP Scorpio, which is in turn part of CTS Eventim.
Smash!bang!pow! director Nikolaj Thorenfeldt explained the move: "As an independent concert promoter, we’ve reached a glass ceiling for our growth. We want to climb higher up the food chain, and this requires more resources and a strong international network. That’s what we get in the partnership with FKP Scorpio."