[ad_1] Online ticketing marketplace Vivid Seats has celebrated the major milestone of selling its 100 millionth ticket. The operator said it has marked the occasion by donating $100,000 (£73,500/€88,200) to charity MusiCares, which helps those in music during their time of need. The latest donation means that Vivid Seats has supported MusiCares with more than …
2021 in review – March
[ad_1] In March, the long journey towards the approval of the Viagogo and StubHub merger by the UK Competition and Markets Authority (CMA) began, with the CMA stating it proposed to accept the deal. The $4.05bn merger between Viagogo and StubHub would be dependent on the selling off of all StubHub’s businesses outside of North …
2021 in review – October
[ad_1] Sustainability has been one of the buzz words of the year in live entertainment circles – even with the biggest names in the industry. British band Coldplay announced that its global stadium tour to accompany the new album, Music Of The Spheres, would adopt a series of green initiates. Coldplay hopes that its measures …
Vivid Seats expands into online gaming sector with acquisition
[ad_1] Online ticket marketplace Vivid Seats has acquired the fantasy sports app, Betcha Sports. The upfront purchase price is $25m (£18.9m/€22.1m) in Vivid Seats equity with additional payments of up to $40m of earn outs that, if earned, will be paid through a mix of cash and equity. The deal means that Vivid Seats will …
Record Third Quarter for Vivid Seats
[ad_1] Ticketing marketplace Vivid Seats has announced a successful third quarter, after posting revenues of $139.5m (£104m/€123m), up from just $7.1m during the same period in 2020. Revenue for the three months leading up to September 30 came in at $139.5m, as events returned following the COVID-19 pandemic and consumers having more confidence in purchasing …