Maoyan Entertainment continues to battle pandemic-affected trading conditions

Maoyan Entertainment, an entertainment services provider in China, has witnessed a decrease in its annual financial reporting in 2022, as the country continued to be affected by COVID-19 restrictions. Revenue decreased from RMB 3.3bn (£393m/€450m/$480m) in 2021 to total RMB 2.3bn in 2022, while gross profit was also down from RMB 1bn compared with RMB …

Chinese cinema strives for post-COVID recovery

Chinese cinema is aiming for a post-COVID recovery with its latest spate of films and the holiday period. Statistics from the China Film Administration on January 28 showed that China’s movie box office revenue had reached nearly 6.76 billion yuan (£812m/€912m/$1bn) during the Spring Festival holiday.  This is the second-highest gross figures for this holiday …

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 …

Visitors locked in again at Shanghai Disney due to China’s zero-COVID policy

Shanghai Disney has shut its gates thanks to China’s zero-COVID policy, with visitors trapped inside.  Disney fans were told they are not allowed to leave until they could present a negative test. The closure comes after Shanghai reported 10 locally transmitted cases on Saturday.  China still has strict regulations in place surrounding COVID-19, despite the …

Qatar removes COVID-19 entry test requirement ahead of World Cup

Qatar has scrapped its negative test entry requirement for visitors ahead of next month’s FIFA World Cup.  The nation’s health ministry said that tourists will no longer have to present a negative COVID-19 test before heading over for the football tournament.  Prior to the announcement Qatar had said that fans attending the World Cup had …

STAR details impact of pandemic and recommendations for building back

STAR (Society of Ticket Agents and Retailers), the self-regulatory body for live events ticketing in the UK, has published a report on how the industry fared during the COVID-19 pandemic. Independent ticketing specialist Will Quekett was commissioned by STAR to interview 39 stakeholders from across the ticketing and events industry. This included venues, events organisers …

Shanghai International Film Festival cancelled 

The Shanghai International Film Festival, which is traditionally held in mid-June, has been cancelled, showcasing the continuing difficulties surrounding the COVID-19 epidemic in China. The 25th edition of the festival will be held next year instead. In 2020, the festival moved its dates from June to August after cinemas were closed due to the pandemic. …