Ticketing service provider Eventbrite has said that it will lay off around 8% of the company’s workforce to cut costs. As reported by Reuters, Eventbrite is also planning to relocate about 30% of the remaining roles, including moving development roles to Spain and India from Argentina and the US. The company will also relocate nearly …
StubHub criticises Live Nation Entertainment’s calls for FAIR Ticketing Act
Resale platform StubHub has slammed Live Nation Entertainment’s calls for a FAIR Ticketing Act, arguing that it would strengthen its “control over the industry and consumers”. Last week, Live Nation revealed strong financial results for 2022 and its support for a new ticketing act, which calls for artists to be able to decide on resale …
Live Nation posts strong 2022 results, announces support for FAIR Ticketing Act
Live Nation Entertainment has witnessed its revenue soar by 44% to $16.7bn (£13.9bn/€15.8bn) in 2022 compared to pre-pandemic revenue in 2019. The entertainment giant brought in $13.5bn for concerts in 2022 compared to $4.7bn in 2021, and $2.2bn for ticketing last year compared to $1.1bn during the year prior. Sponsorship and advertising amounted to $968m …
Berlinale boasts strong ticket sales following pandemic-impacted editions
Organisers of the 2023 Berlin International Film Festival, also known as the Berlinale, have said that 267,000 tickets have been sold ahead of the final stages of the event. The total is up 70% on last year’s edition, which was still impacted by COVID-19 and sold 156,472 tickets for the entire festival. However, the 2023 …
Dice partners with new Liverpool venue Content
Live event discovery platform and independent music ticketing company, Dice, has launched in the UK city of Liverpool as the ticketing partner for Content, a new venue in the Cains Brewery Village. Content is a purpose-built events space and has been constructed from sustainable, repurposed materials including shipping containers. The venue boasts partitioning and …
Georgia bill on ticketing resale moves forward
A bill that would restructure the resale ticket market in the US state of Georgia moved forward through a Senate committee in the state legislature last week. The proposed legislation would give more power to consumers purchasing tickets for events in Georgia and would allow holders to resell or transfer their tickets more easily. The …
NFT-TiX: More than just a ticket
Non-fungible tokens, or NFTs as they are more commonly known, and blockchain technology have certainly become a topic for conversation over the last few years. With the idea in the making since 2019, Emil Ljesnjanin founded marketplace NFT-TiX in 2021 and launched the company in July 2022 at Exit Festival, taking advantage of the technology’s …
CTS Eventim’s preliminary results showcase strong year
Ticketing and live entertainment services company CTS Eventim has delivered a strong business performance in 2022, according to its preliminary results. While the full report for last year will be published at the end of March, CTS Eventim has said that consolidated revenue rose by 372% year on year, from €408m (£363m/$434m) in 2021 to …
Ticketing start-up Fanbase raises £1m in latest funding round
Rugby-inspired ticketing start-up Fanbase, which specialises in software to deliver more efficient mobile ticketing and an improved fan experience for smaller clubs, has raised £1m (€1.1m/$1.2m) in a recent investment round. The Edinburgh-based firm is hoping to expand its presence in the US, and is already utilised by clubs in Scotland including Scottish Premiership side …
Singapore-based fans struggle with ticket scalpers
Singapore-based music fans have been struggling with ticket scalpers since the return of live music following the pandemic. One fan, Ms Kaethe Fok, told Channel News Asia (CNA) that she was attempting to buy tickets to watch K-pop group Mamamoo, but was faced with extortionate prices. Missing out on the initial sales, she turned to …