Live Nation’s busy summer drives record third quarter

Live Nation Entertainment has reported a record third quarter, powered by a busy summer with concerts from the likes of The Weeknd, Red Hot Chili Peppers and Bad Bunny. Reported revenue for the third quarter amounted to $6.2bn (£5.52bn/€6.33bn) made up of $5.3bn for concerts; $531m for ticketing; $343m for sponsorship and advertising and a …

Imagine Dragons to headline inaugural Lollapalooza India

Imagine Dragons and The Strokes are among the acts that have been confirmed for the inaugural Lollapalooza India in 2023. The two-day event will become the eighth destination and first Asian staging of the international, multi-city festival when it is held from January 28-29 at Mahalaxmi Race Course in Mumbai. Lollapalooza India, which will be …

Dutch music trade group expects “bleak” 2023

The Dutch music venue and festival sector is predicting a “bleak” outlook due to cost increases and insufficient governmental assistance. Vereniging Nederlandse Poppodia en Festivals (VNPF) used its comprehensive review of 2021 to outline a decline in events, attendance and revenue since the COVID pandemic and the challenges the sector faces in 2023 and beyond. …

Suggested Glastonbury capacity reduction to combat illegal drug use

The UK’s flagship festival Glastonbury could be asked to reduce its capacity rates to help combat illegal drug use.  Under its current license, Glastonbury uses a private company to make drug seizures, accept surrenders and test any substances found. However, organisers do not have to make the figures available to the police or the public. …

Silver Lake looking into TEG exit options – report

Investor Silver Lake is reportedly looking into exit options for ticketing and live entertainment business TEG.  According to the Australian Financial Review, Silver Lake and TEG have been talking to investment banks in recent weeks to paint a picture of who may be willing to invest in the company. Talks are expected to mandate at …

Backstage: Mariah Carey, Paramore and more…

A round-up of the latest live events news… Paramore and Blink-182 are set to headline the inaugural Adjacent Music Festival, which will take place on New Jersey’s Atlantic City Beach in May next year. The festival will also feature performances from Wheatus, Jimmy Eat World and Idles.  British singer Sam Smith has announced their official …

See Tickets, Vivendi suffer reported data breach

Global ticketing platform See Tickets has notified customers of a data breach, which has reportedly lasted two-and-a-half years.  While See Tickets and parent company Vivendi have yet to come forward with statements, consumer rights law firm Wolf Haldenstein Adler Freeman & Herz LLP has published a press release to say that it is investigating claims …