Whilst ‘Tickets’ have never been more expensive, ‘Ticketing’ has never been valued less, says industry commentator and veteran Tim Chambers in this viewpoint. With apologies to those friends, colleagues and peers networking and post-pandemically celebrating this week at INTIX Seattle for the 44th annual conference of those involved in the ticketing and live entertainment industry. …
DEAG acquires majority stake in Tickets.ie
DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) has acquired a majority stake in Irish ticketing platform Tickets.ie. Through its UK subsidiary MyTicket, DEAG has acquired a majority stake in Irish company Oshi Software, the operator of the ticketing platform Tickets.ie. The acquisition expands DEAG’s presence in Ireland, with the company hoping for synergy between its other venture …
Pollen owed almost £80m at time of collapse
Travel and experiences start-up Pollen, which worked on events with the likes of Justin Bieber, Diplo and more, owed £78.6m ($90m/€91m) at the time of its collapse. According to filings on Companies House submitted by insolvency business Kroll, Pollen’s parent company Streetteam Software Limited owed £75m – £59.4m unsecured – to creditors when it fell …
Clearlake Capital Group acquires Ticket Evolution
Clearlake Capital Group has acquired Ticket Evolution, an end-to-end software provider for the event ticketing industry. The acquisition was completed through Victory Live, an event management and ticketing technology platform backed by Clearlake and Clearlake operating advisor, Sam Soni. Soni said: “We are excited to add Ticket Evolution to our platform and believe that this …
Tuskegee University launches online sports ticketing platform
Tuskegee University in Alabama has launched an online sports ticketing platform. Guests can purchase general admission tickets to all Tuskegee athletic sporting events through the HomeTown Fan app from HomeTown Ticketing. Fans can also purchase tickets online through the Golden Tigers’ website. Digital scanning at entrance gates will also help to avoid long lines and …
Lyte confirms acquisition of Festicket and Event Genius assets
Event technology platform Lyte has confirmed the acquisition of Festicket and Event Genius assets. Festicket recently fell into administration after filing a moratorium in an attempt to rescue the company in August. Lyte had agreed to purchase Festicket and Event Genius’ assets last month and the acquisition has now been confirmed. Festicket worked with festivals …
Mini-budget a ‘missed opportunity’ to help sector
UK Chancellor Kwasi Kwarteng revealed a ‘mini-budget’ today that outlined a series of tax cuts, however members of the creative and entertainment sector feel the support is not enough. While the basic rate of income tax has been cut, the 45% top rate of tax for higher earners has been abolished, and an increase in …
Easol launches new financing solution for festival and event organisers
Travel and experience commerce technology company Easol is launching Easol Capital, a new financing solution tailor-made for festival organisers. Sourcing capital can often be difficult for small-medium enterprises (SMEs) in the events and travel industries, as traditional finance providers continue to be reluctant when it comes to offering loans after the pandemic. The current cost …
TodayTix group acquires Secret Cinema
TodayTix Group has acquired London-based entertainment company Secret Cinema in a deal worth over $100m (£90m/€102m), it has been reported. It is hoped the move will boost the ticketing platform’s presence in the growing immersive film and television events space. Over the years, Secret Cinema has produced experiences with the likes of Disney, Marvel, Universal, …
Vivid Seats becomes Bleacher Report’s official ticketing partner
Online marketplace Vivid Seats has partnered with sports media brand, Bleacher Report, as its official ticketing partner. Bleacher Report reaches over 175 million sports fans according to the brand, across its app, web and social channels. Vivid Seats will provide these fans with a ticketing service through the Bleacher Report app and website. As part …