[ad_1] Live Nation Entertainment has increased its offering to $900m (£740m/€834m) in aggregate principal amount of its 3.125% convertible senior notes due 2029, a $50m rise on the previously announced $850m. A convertible note is a short-term debt that converts into equity and the promoter says it intends to use some of the net proceeds …
Cineworld commits to selling business as a whole
[ad_1] Cineworld has denied that it looked into breaking up the business and selling some of its locations to the owner of its rival, Odeon. The cinema chain said that it was holding out for a buyer that was interested in acquiring the entire business. There had been reports that the British cinema chain, which …
Events.com secures capital commitment – TheTicketingBusiness News
[ad_1] Events software and services platform Events.com recently secured a capital commitment of $100m (£83m/€94m) in the form of a Share Subscription Facility (SSF) from investment group, GEM Global Yield. Under the new agreement, Events.com will be able to draw down up to $100m following an equity exchange listing. It is hoped that the SSF …
CardsPal named official ticketing partner for finance festival
[ad_1] Singapore-based lifestyle app CardsPal has been appointed as the official ticketing partner for Seedly Personal Finance Festival 2023. The partnership follows the launch of e-ticketing from CardsPal in September last year. CardsPal then went on to partner with Glowhard, a Singapore hard dance music festival, in November. While Seedly Finance Festival is a different …
Doune the Rabbit Hole Festival Ltd enters liquidation
[ad_1] Doune the Rabbit Hole Festival Ltd, which runs Scottish music festival, Doune the Rabbit Hole, has entered liquidation. The festival returned in July after a two-year absence and confirmed there were outstanding payments to be made to musicians that featured at the event on Cardross Estate. It has been reported that the festival will …
3D Digital Venue raises €2.5m in Series A funding
[ad_1] Caixa Capital Risc, the venture capital manager for CriteriaCaixa, has led a Series A financing round of €2.5m (£2.2m/$2.6m) for technology company Mobile Media Content (MMC), which digitises sports and cultural venues to automate production of content and distribution through its 3D Digital Venue SaaS (Software-as-a-Service) platform. Spain’s Ministry of Science and Innovation, Spodeal …
Event organiser TADC Sweden files for bankruptcy
[ad_1] 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 …
Record summer of ticket sales boosts DEAG Q3
[ad_1] DEAG Deutsche Entertainment has witnessed positive business growth over the course of 2022, thanks to a summer of record ticket sales. Revenue in the third quarter rose to €101.7m (£87.5m/$106m) in 2022, a 72% increase compared to the same period in pre-pandemic 2019, and a significant improvement on €16.7m in the same period the …
Xceed secures €2m in latest funding round
[ad_1] Music ticketing platform Xceed has secured €2m (£1.7m/$2m) from its latest funding round. Xceed was launched in Europe by Mattia Franco and Luca Papaleo and is now available in over 15 countries and 125 cities. It provides software for clubs, bars and festivals across the globe. The software enables clients to digitise their online …
CTS Eventim predicts record year
[ad_1] CTS Eventim has said it is expecting a record year, following the release of its full third quarter financial results. The ticketing services and live entertainment company’s third quarter has once again improved on a pre-COVID third quarter in 2019. This adds to Eventim’s 2019-beating second quarter earlier this year. Eventim revealed earlier this …