Sean Kelly, founder of Vatic, a provider of dynamic pricing tools for the performing arts and ticketing industries, accepts that this sales model gets something of a “bad rap”. But that doesn’t mean it’s not the right answer for many businesses in the live events sector. Kelly wrote his first pricing algorithm back in 2009 …
Fanimal secures $4m in latest round of funding
Los Angeles-based social group ticketing platform Fanimal, which was launched in 2019, has secured $4m (£3.2m/€3.7m) in its latest round of funding, led by Bullpen Capital. Early investors include venture capital and private equity company Burst Capital and venture capital partner Pear VC. When purchasing multiple tickets from the Fanimal platform, one person does not …
CTS Eventim sees boost from reopening of core markets
The rebound of core markets for CTS Eventim has resulted in its ticketing and live entertainment segments posting a significant increase in revenue in the first quarter of 2022. Revenue for the first quarter came in at €139.2m (£119m/$149m) compared to €19.6m in the same period for the year prior. Earnings before interest, taxes, depreciation …
Newport County AFC announces five-season partnership with Ticketmaster Sport
English Football League club Newport County AFC has announced a new ticketing partnership with Ticketmaster Sport, which will cover the next five seasons. Season ticket-holders will be the first to benefit from the news partnership, with a transformer ticketing website for the 2022/23 season renewal process. Newport fans will experience a fully mobile-optimised process including …
Eurovision fans miss out on finals after tix failure
Eurovision fans were left disappointed after tickets they’d purchased to watch Saturday’s final never arrived. According to Variety, a number of fans purchased tickets for the Eurovision final in Turin, Italy (pictured), from resale site Viagogo. However, as it got closer to the event, the tickets failed to arrived before customers received an email to …
‘Fans eager to attend live events’ says Vivid Seats chief executive Chia
Vivid Seats chief executive Stan Chia believes that “fans are eager to attend live events” as the online ticketing marketplace posted a record-setting first quarter. In the first quarter of 2022, Vivid Seats posted $130.8m (£105m/€123m) in revenue, up 442% from $24.1m in the same period the year prior. In the three months leading up …
Detroit Pistons to drive ticket and merchandise sales through Verb partnership
Verb Technology Company, a business that provides interactive video-based sales enablement applications, has partnered with the National Basketball Association (NBA)’s Detroit Pistons. The NBA franchise will utilise Verb’s suite of sales enablement solutions to help drive ticket and merchandise sales, and engage with Pistons fans through interactive and shoppable digital content. Adam Falkson, Detroit Pistons …
FIFA boasts further 23.5 million World Cup ticket requests
Some 23.5 million ticket requests were made for the most recent random selection draw sales period for the FIFA World Cup in Qatar. Football fans tried their hand at securing tickets for the tournament later this year in the sale period that closed on Thursday last week. The sales phase followed the tournament’s final draw, …
FC Barcelona makes tickets ‘non-transferable’ following Eintracht Frankfurt ticketing fiasco
FC Barcelona’s president Joan Laporta has said that the Spanish club will make tickets ‘non-transferable’ after German Bundesliga side Eintracht Frankfurt packed Camp Nou for last Thursday’s UEFA Europa League quarter-final, which saw Barça eliminated. Officially, Barcelona had allocated Frankfurt with 5,000 tickets but it has been estimated that between 25,000 and 30,000 fans actually …
Strong fourth quarter for SeatGeek caps off ‘record 2021’
Mobile-focused ticketing platform SeatGeek has announced record figures for the fourth quarter of 2021, and has said that its business combination agreement with RedBall Acquisition Corp is set to be completed in May. For the three months ending December 31, 2021, SeatGeek posted a net revenue of $82.5m (£63m/€76m) up from $56.8m in the three …