Web3 platform Humbl has announced that it has entered into an Equity Financing Agreement with Pacific Lion, pursuant to which Pacific Lion agreed to purchase up to $20m (£16m/€18m) of Humbl common stock. Humbl offers product lines including the Humbl Wallet, Humbl Search Engine, Humbl Social, Humbl Tickets, Humbl Marketplace and Humbl Authentics. Pacific Lion, …
Festicket administrators offer six-month update
Festicket administrators have provided an update six months after the festival package company fell into trouble last year. Administrators said that across this period, they had received communication from roughly 40 event promoters asserting the implied terms of their contracts with Festicket are such that the net proceeds from ticket sales were to be held …
Australian Grand Prix race day tickets sell out within hours of going on sale
Formula 1’s Australian Grand Prix has sold out grandstand and park pass tickets for race day, just hours after going on sale. The race weekend will take place between March 30 and April 2, with over 130,000 expected to watch the race on the Sunday. Tickets went on sale today (Tuesday) and were snapped up …
Live music bodies call on new Prime Minster for VAT reduction
Following the news that Rishi Sunak has become the UK’s new Prime Minister earlier this week, organisations in the live music sector have called for stability. Sunak was made Prime Minister and leader of the Conservative party following Liz Truss’s resignation after just six weeks in office. Those in the live music sector have called …
Major price increase for Glastonbury 2023 tickets
Glastonbury Festival, the UK’s flagship summer event, will set back attendees £340 (€390/$384) next year for a standard ticket. Festival-goers will have to pay £335 plus a £5 booking fee, with a £50 deposit to be paid when tickets go on sale next month. Tickets last went on sale in 2019, before the 2020 and …
Key dates revealed for Paris 2024 Olympic Games ticket sales
Organisers of the Paris 2024 Olympic Games have revealed that the first sales phase for multi-ticket package purchases will begin on February 15 2023, with registration opening December 1. Paris 2024 Club members will be selected at random and given priority access to the sale. For the first phase of the official Olympic ticketing sale, …
Spotify offers small insight into direct ticket selling test
Spotify chief financial officer Paul Vogel has offered an insight into the early days of the streaming platform’s ticket selling efforts. At the recent Evercore ISI Technology Conference, Vogel discussed the revenue streams being explored by Spotify. The platform introduced a ticket platform in early August for select artists, testing the waters with selling tickets …
Couple celebrate Parklife engagement with free tickets and paid honeymoon
Sacha Lord, co-creator of Manchester festival Parklife and The Warehouse Project, has offered a young couple free entry to the festival and venues for life, after their proposal at the event was ridiculed online. The young couple celebrated their proposal on stage at Parklife, during a set from artist Young Filly on Saturday. The proposal …
Singapore Grand Prix to return after two years, tix on sale from tomorrow
Singapore’s famous night race will return this season for the first time in two years, with tickets going on sale for the Formula 1 grand prix from tomorrow (Wednesday). In January, race promoter Singapore GP signed a multi-year deal to keep F1 coming to the city-state until 2028. This year’s race will be held September …
Billie Jean King Cup to donate portion of ticket sales to Ukraine relief fund
The US Tennis Association (USTA) has revealed that 10% of the revenue from ticket sales for the Billie Jean King Cup matches between the US and Ukraine will be donated to a relief fund following Russia’s invasion of Ukraine. Local sponsors of the tournament, previously known as the Fed Cup, are also set to donate …