DEAG Deutsche Entertainment (DEAG) has successfully completed the placement of its Corporate Bond, with an issue volume of €50m (£43m/$55m). The issue was oversubscribed and the offering was terminated earlier yesterday (Monday). The annual fixed interest rate was set at 8% during the book building process. DEAG announced the issuance of the Corporate Bond earlier …
Prodiss report outlines evolution of ticket prices in France
A report from French trade union Prodiss has revealed that tickets for French events and festivals have generally remained below or in line with inflation, and that prices were also mostly lower than in other countries. Across 18 theatres,16 French festivals, six tours from international artists and compared with 20 festivals abroad, Prodiss found that …
Fix The Tix launches plan for US Congress on ticketing
Fix The Tix, a coalition of 30 US organisations representing live entertainment, music and performing arts, has published a plan it believes can “reform” ticketing in the country. The group was launched last month and features organisations such as the National Independent Venues Association (NIVA), the Association of Performing Arts Professionals (APAP) and more. In …
Vivid Seats stockholder Hoya Topco puts 16 million shares up for sale
Vivid Seats has announced the pricing of a secondary underwritten public offering of 16 million shares of the Company’s Class A common stock by stockholder Hoya Topco, at price to the public of $8 (£6/€7). The stockholder has also granted the underwriters a 30-day option to purchase up to an additional 2.4 million shares of …
Eventix expands into Ireland – TheTicketingBusiness News
Amsterdam-headquartered event ticketing system Eventix has expanded into the Irish market. Eventix provides event organisers with a range of tools for selling tickets, managing events and promoting their brand. Jake Gibbons, senior account executive at Eventix, will lead the company’s expansion in Ireland. Gibbons said: “We are thrilled to bring Eventix to Ireland and provide …
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 …