Lewis Capaldi has cancelled all work commitments, including concerts, until his Glastonbury appearance. “It’s been such an incredible time leading into this new album, and seeing all of the support from everyone has been beyond anything I could have ever dreamed of,” said Capaldi in an Instagram post. “That said, the last few months have …
DEAG announces bond issue of up to €50m to finance further growth
DEAG Deutsche Entertainment has today (Tuesday) issued a Corporate Bond amounting up to €50m (£43m/$53m). The executive board of the Berlin-headquartered entertainment and ticketing company, along with the consent of the supervisory board, reached the decision to finance further growth and refinance the Corporate Bond 2018/2023. The Bonds 2023/2026 in a nominal amount of €1,000 …
DEAG sees strong start to 2023
Live entertainment and ticketing company DEAG Deutsche Entertainment AG (DEAG) has witnessed its revenues increase in the first quarter of 2023. In the first three months of this year, revenues have increased by 55% to €48m (£42m/$52m), compared to €31m in the same period, the year prior. It is also an improvement on the €25.5m …
UK sees increased live entertainment ticket sales following pandemic closures
Last year saw the most tickets ever sold for live entertainment in the UK, according to research from Virgin Media O2. The research from O2 and its Priority Tickets platform showed that there was a 43% increase in sales compared to 2019, the last full year unimpacted by the COVID-19 pandemic. The platform also experienced …
CTS Eventim introduces paid media agency Edge
CTS Eventim, a provider of ticketing services and live entertainment, has founded Edge (Entertainment Digital), a paid media agency that specialises in the entertainment market. Edge will have the ability to place targeted content on relevant portals outside of Eventim’s own platforms, which will enhance the entertainment company’s portfolio of services. Edge’s own services will …
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 …
NTIA-backed Surreal launches in the UK to champion live entertainment and experiences
A new platform has launched in the UK to champion live entertainment and experiences, with backing from the Night Time Industries Association (NTIA). Surreal is a global live entertainment operating system for the hospitality industry, and has launched with a number of clients already including Boxpark, Eclectic Clubs and Bars, and Dirty Bones. The platform …
DEAG continues upward trajectory with record 2022
Entertainment company DEAG posted its highest revenue and EBITDA in company history in 2022. According to preliminary figures, revenue in 2022 amounted to €325m (£288m/$354m) compared to €90.7m in the year prior. This is an increase of 258% compared to 2021, and also an increase on the €185m posted in 2019. Consolidated revenue amounted to …
CTS Eventim posts record results for 2022
Ticketing and live entertainment company CTS Eventim has revealed its full-year financials for 2022, with record results. Consolidated revenue amounted to €1.9bn (£1.7bn/$2bn) in 2022, representing an increase of 372% compared to the previous year’s €408m. Eventim offered a glimpse at the company’s successful 2022 earlier this month. The group’s normalised EBITDA amounted to €384m …
Close teams up with Ticketmaster
Communications app Close has partnered with Ticketmaster to provide the ticketing company’s customers with an improved digital customer experience. Visitors will be able to find all event information in the Close app after purchasing their ticket thanks to an API link between Close and Ticketmaster. Buyers will be able to access the information as soon …