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 …
Italy’s live sector shows positive signs of bouncing back
The recent Milan Music Week provided the perfect backdrop for Italy’s copyright agency SIAE to present a preview of its figures relating to concerts, for the first nine months of 2022. During a panel discussion at the event, guests talked about the data and how the pandemic significantly impacted the live sector in Italy. Despite …
CTS Eventim records strong performance in Q3
Ticketing services and live entertainment company, CTS Eventim, has posted a positive third quarter, with revenue increasing significantly compared to to Q3 in 2021 and even in 2019. Revenue increased to €694m (£611m/$695m) in the third quarter of 2022, compared to €115m in Q3 in 2021 and €378 in the third quarter of 2019. The …
Victoria supports next round of live music initiatives, people and businesses
The Victoria Government in Australia has awarded AUD$11m (£6m/$7m/€7m) to various artists, festivals and programmes that will bring a boost to live music in the region. As part of an ongoing scheme through Creative Victoria, the money will support local music and jobs for thousands in the music industry, and promote Victorian music locally and …
PRS for Music reveals record-breaking royalty distribution
PRS for Music, which represents the rights of over 160,000 songwriters, composers and music publishers in the UK and globally, has revealed a record-breaking £211m (€240m/$233m) royalty distribution to members. The figure marks the highest-ever payment in its 108-year history, and an 18% year-over-year increase on October 2021. Live and public performance royalties were up …
CTS Eventim bounces back in Q2 and first six months of 2022
CTS Eventim has seen a strong performance in the second quarter of 2022 to beat statistics from before the COVID-19 pandemic. The live entertainment and ticketing company posted revenues of €595m (£500m/$590m) for the second quarter and €732m for the six months between January and June. This is compared to €414m in Q2 in 2019 …