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 …
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 …
TEG acquires majority stake in Fan+
Live entertainment, ticketing and data company TEG has acquired a majority stake in Australian startup, Fan+. Fan+ is a platform that offers personalised experiences with sports teams and live entertainment events within Australia. Geoff Jones, chief executive of TEG, said: “AT TEG, we believe nothing beats the live experience and to be able to personalise …
DEAG acquires Regular Music through Kilimanjaro
DEAG Deutsche Entertainment has acquired Scottish event promoter, Regular Music, through its UK subsidiary Kilimanjaro Group. Regular’s chief executive Mark Mackie will remain a shareholder and at the helm of the company in the long term. Based in Edinburgh, Regular has staged concerts from international artists including Oasis, REM, Red Hot Chili Peppers, Tom Waits, …
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, …
Dynamic pricing with Digonex – TheTicketingBusiness News
Digonex, a dynamic pricing solutions provider for the attractions and live entertainment industries, has continued to prosper in a post-COVID environment. This success is mostly accredited to attractions and tour operators utilising its pricing services, but the Indianapolis-headquartered company has also seen a resurgence in its live entertainment and performing arts portfolio. Originally founded in …