US Senator Amy Klobuchar, chair of the Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumer Rights, and Senator Richard Blumenthal, have introduced legislation to improve competition within the live event ticketing markets. A press release stated: “Today’s primary ticketing market is dominated by one company that by some estimates has locked up 70 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 …
Positive fourth quarter puts DEAG on track
Deutsche Entertainment AG (DEAG), owner of MyTicket and Gigantic(.com), has revealed a significant boost in revenue during 2021 thanks to a positive fourth quarter and a near-return to pre-pandemic booking levels in key markets such as the UK. Revenue in the fourth quarter rose approximately 82% to help the company reach a revenue of €91m …
Bstadium launches and targets global markets
Physical and virtual sports experiences provider Bstadium, formerly known as Book Your Stadium, is aiming to expand into Mexico, Colombia and the Middle East in the first quarter of 2022 following its initial launch. Following the company’s expansion into these countries, management will then turn its attention to Germany and the United Kingdom. Bstadium already …