Lloyds Bank has warned gig-goers and music-lovers about the sharp increase in concert ticket scams, which surged by more than 500% over the last year. In the UK, the bank revealed that victims were losing £110 (€124/$136) on average, with some losing out on thousands of pounds. Over the last year, Lloyds Banking Group customers …
Live Nation posts strong 2022 results, announces support for FAIR Ticketing Act
Live Nation Entertainment has witnessed its revenue soar by 44% to $16.7bn (£13.9bn/€15.8bn) in 2022 compared to pre-pandemic revenue in 2019. The entertainment giant brought in $13.5bn for concerts in 2022 compared to $4.7bn in 2021, and $2.2bn for ticketing last year compared to $1.1bn during the year prior. Sponsorship and advertising amounted to $968m …
CTS Eventim’s preliminary results showcase strong year
Ticketing and live entertainment services company CTS Eventim has delivered a strong business performance in 2022, according to its preliminary results. While the full report for last year will be published at the end of March, CTS Eventim has said that consolidated revenue rose by 372% year on year, from €408m (£363m/$434m) in 2021 to …
Music fans oppose dynamic pricing, priced out of gigs according to research
Music fans across Britain have been priced out of attending live music gigs, according to recent research from data and analytics group, YouGov. Research from YouGov showed that more than half of Britons also strongly opposed dynamic pricing when it comes to purchasing tickets. The survey demonstrated that 71% were against the idea, including 52% …
Proposed security rules could limit ticket-buying for tourists in Japan
Purchasing tickets could be harder for tourists in Japan, after the country’s Minister of Digital Affairs Taro Kano asked the Cabinet’s Digital Agency to discuss the possibility of event-goers presenting their My Number Card, a government-issued ID card, when purchasing tickets and attempting to enter the venue. According to a report from newspaper Yomiuri Shimbun, …
Event organiser TADC Sweden files for bankruptcy
TADC Sweden, one of Scandinavia’s largest event organisers, has filed for bankruptcy. The organiser said that the lasting impact of the pandemic, increased costs and a lull in ticket sales were to blame. TADC was due to organise shows from acts such as Trivium, Alestorm, Lamb of God, W.A.S.P, Helloween and more. The company has …
Glasgow’s Junction 1 main stage set to be removed after complaints
The main stage of a music venue in Glasgow is set to be removed after more than 200 noise complaints were lodged by local residents. Recent events held over consecutive weekends at Junction 1 received around 215 noise complaints from locals. Now, the city’s council has taken action against the open-air main stage. Upcoming events …
Live Nation posts strong Q2 results
Live Nation Entertainment has posted a strong Q2 with a solid 40% increase in revenue to hit $4.4bn (£3.62bn/€4.3bn) compared to $575m in Q2 last year. Concerts revenue amounted to $3.5bn while ticketing brought in $575m. Sponsorship and advertising brought in $263.8m while other eliminations amounted to a loss of $2.7m bringing the total to …
Festivals Australia supports 14 projects across the country
The Festivals Australia program is set to support 14 arts projects across the country with A$630,000 (£360,000/$430,000/€424,000) through its latest funding round. The program supports individual art projects at regional or remote festivals, as well as significant community celebrations. It is run by the Australian Government’s Office for the Arts, which is part of the …
Extreme heat leads to temporary ban on outdoor events in France
Extreme weather in France led to a ban on outdoor public events as well a halt to events at indoor venues without air conditioning. Temperatures reached between 40 and 42 degrees celsius at the end of last week and over the weekend, leading the Gironde department putting the ban in place. According to Reuters, local …