US bank holding company Capital One is adding a new feature for its cardholders, which will offer tickets to experiences across sports, music and more. Capital One Entertainment is a new ticketing platform for US cardholders that will allow them to redeem rewards for tickets, which cover more than 500,000 events and experiences. The new …
‘Clear signs of growing confidence’ says CTS Eventim chief
CTS Eventim chief executive Klaus-Peter Schulenberg has said there are “clear signs of growing confidence within the industry” as the ticketing and live entertainment company posted a 58.8% increase in consolidated revenue for 2021. In 2021, CTS Eventim’s consolidated revenue amounted to €407.8m (£339m/$448m) compared to the previous year’s €256.8m. This is an almost 60% …
Calls grow to ditch impending VAT hike on concert tickets
UK Music chief executive Jamie Njoku-Goodwin has written to UK Chancellor Rishi Sunak to reconsider an impending VAT hike on concert tickets. The Chancellor is set to outline a mini-Budget for the country on March 23 in his Spring Statement. The VAT rise is set to come into force from April 1. Currently, the VAT …
APAC region key player in market growth
A report has revealed how 32% of the live music industry’s growth over the next three years will originate in the Asia-Pacific (APAC) region. Technavio, a market research company based in London, released a report that details how the live music market is set to grow by $2.83bn (£2.16bn/€2.58bn) by 2025, noting that Japan, Australia …
Swansea Arena officially opens – TheTicketingBusiness News
Swansea’s new 3,500-capacity Digital Arena has officially opened ahead of its first event next week. The new £135m (€161m/$177m) arena forms part of the £1.3bn Swansea Bay City Deal in which the UK Government is a partner. The opening ceremony was attended by UK Government Minister David TC Davies. The arena hosts its first show …
London venue Koko selects See Tickets as partner
Iconic venue Koko, which is set to reopen its doors in London next month, has announced that See Tickets will be its official ticketing partner. After undergoing a major £70m ($92m/€85m) restoration and redevelopment project, the 50,000 square foot live music venue and broadcasting house will host live music and DJ performances. Koko boasts nine spaces …
Glastonbury Festival unveils 2022 headliners
The iconic Glastonbury Festival has today (Friday) revealed its 2022 headliners ahead of its first event since 2019. Friday will be headlined by US singer and youngest ever headliner Billie Eilish, while Sir Paul McCartney will take the Saturday slot. US rapper Kendrick Lamar will close the show on Sunday night. Former Beatles star McCartney …
Hobart Showground to receive revamp
Tasmania’s Hobart Showground is set to undergo a major revamp after funding was agreed between the Tasmanian Liberal Government and Royal Agricultural Society of Tasmania. The redevelopment would see a number of projects undertaken including the delivery of a new showground pavilion, arena, site infrastructure, commercial precinct, large open spaces as well as residential housing. …
ASM Global to offer scholarship opportunities
ASM Global’s corporate responsibility platform ASM Global Acts has launched a scholarship programme in the US that will offer awards totalling $50,000 (£37,000/€45,000). Recipients of the live entertainment and venue management company’s ASM Global Stars scholarship award may also be offered internships to gain experience at ASM’s corporate offices or at one of its venues. …
Live Nation launches 2022 ‘Lawn Pass’
Live entertainment company Live Nation has launched its ‘Lawn Pass’ which will allow patrons to attend multiple concerts and shows at their local amphitheatre music venue across the summer months. A ‘Lawn Pass’ will cost $199 (£149/€180) plus fees per venue, and will allow patrons to access shows all summer long. Passes have gone on …