New Zealand independent ticketing platform Eventfinda has teamed up with buy now, pay later provider Laybuy. In a move to make events more accessible for Australian and New Zealand event goers, the partnership will allow ticket-holders to spread the cost of their purchases across six weeks, interest-free. All organisers, promoters and venues ticketing their event …
Assomusica appeals to Italian Government on VAT split payments
Italy’s Association of Producers and Organisers of Live Music Shows (Assomusica) has called on the Italian Government to spare the live music and entertainment sector from the split payment of VAT scheme, after the European Commission gave the green light for it to be extended. Italy first introduced its split payment plan in 2017, which …
India’s Fanatic Sports debuts new finance options for global sports events
Indian sports experiences operator Fanatic Sports has opened a new finance service through travel fintech SanKash. Fanatic offers travel and event ticket and hospitality packages around the world. It is the official travel agent of the ICC Cricket World Cup 2023 in India and an authorised seller for the 2023 Ryder Cup, Roland Garros and …
Eventbrite revenue surge aided by tech uptake
Eventbrite posted its best figures since the beginning of the pandemic as revenue surged during the first quarter of 2023. In a trading update for the three months to March 31, Eventbrite recorded revenue of $77.9m, which was up 39% on the $55.9m posted in Q1 2022 and a three-year high. Paid ticket volume was …
ATC Group boosted by US expansion
All Things Considered Group (ATC) said its ATC Live division is now the sixth largest touring agency worldwide as it posted record revenues for 2022. In a trading update for the year to December 31, 2022, ATC – which floated on the London Stock Exchange in 2021 – said it achieved record group revenue of …
Vivid Seats doubles earnings during strong start to 2023
Vivid Seats has raised its financial projections for the coming year after earnings more than doubled in the first three months of 2023. The ticket exchange platform, which is traded on the NYSE and NASDAQ, said marketplace gross order value (MGOV) was up 15% year-on-year to $855.5m during the three months to March 31. Vivid …
Live Nation attracts record 19.5m attendees during bumper Q1
Live Nation saw a record 19.5 million attend its events and revenues up by more than 70% during a strong start to 2023. In a trading update for the three months to March 31, 2023, Ticketmaster’s owner said revenue hit $3.1bn, which was up 73% year-on-year. Central to that growth was an 89% uptick in …
SeatGeek files confidential IPO paperwork
SeatGeek’s long-anticipated flotation has moved a big step closer after confidential initial public offering (IPO) paperwork was filed with regulators in the United States. TheTicketingBusiness.com understands that the documents were filed with the Securities and Exchange Commission earlier this month. The development comes nearly a year after the ticketing marketplace scrapped a plan to go …
Secutix and Adyen partner to introduce S-Pay
Secutix, a provider of digital solutions for the events industry, has partnered with Adyen, a financial technology platform, to launch in-house payment solution S-Pay. S-Pay is centralised system offering end-to-end ticket payment processing for every sales channel and payment method, supported by Adyen. Secutix has opted to utilise the fintech company’s Adyen for Platforms solution …
MSG Entertainment announces sale of Tao Group Hospitality to Mohari Hospitality
Madison Square Garden Entertainment Corp (MSG Entertainment) has announced that it is selling its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury lifestyle and hospitality sectors. The transaction values Tao Group Hospitality, which delivers premium experiences through its restaurants, nightclubs, lounges and other venues, at …