Entertainment company DEAG posted its highest revenue and EBITDA in company history in 2022. According to preliminary figures, revenue in 2022 amounted to €325m (£288m/$354m) compared to €90.7m in the year prior. This is an increase of 258% compared to 2021, and also an increase on the €185m posted in 2019. Consolidated revenue amounted to …
New NFT-powered ticketing system launches
SeatlabNFT, a new NFT-powered event ticketing system, has been launched by the team behind ticketing company, Seatedly. The platform uses blockchain technology and smart contracts to enable ticket sellers to mint tickets as non-fungible tokens (NFTs). Issuers can attach their own conditions and royalty splits to tickets, which opens up a new revenue stream for …
National Theatre accounts illustrate scale of pandemic “crisis”
The UK’s Royal National Theatre saw its finances decimated during the first year of the COVID-19 pandemic with income halving and down by more than £50m. In its accounts for the year to March 31, 2021, the London theatre and wider group registered income of £54.8m, compared to £106.4m in the previous year. The theatre …
Records tumble as Live Nation enjoys revenue and profit growth in Q3
Live Nation Entertainment saw revenue rocket 1,366.9% during the third quarter of its 2021 financial year, as the return of live events led to record figures for the business. Revenue for the three months to September 30 amounted to $2.70bn (£2.00bn/€2.34bn), up from $184.0m in the corresponding period last year, during which the majority of …