Live music revenues faced further decline in 2021

[ad_1] PRS for Music, a body that collects royalties for songwriters, has said that royalties from live performances of music fell roughly 30% in 2021, despite concerts and festivals resuming in the summer. Revenue from concerts amounted to just £8m (€9.5m/$10m), down from £11.3m in 2020 and £54m in 2019. PRS said that only 19,300 …

FEAT welcomes Digital Services Act to improve ticket resale

[ad_1] The European Union (EU) has reached a provisional political agreement on the Digital Services Act (DSA), which will benefit ticket buyers as it aims to crack down on ticket resale abuse and create a safer online environment. The text was agreed at the weekend after long hours of discussion between policy-makers. The Act is …

Pollen raises $150m in Series C funding 

[ad_1] Travel and entertainment technology company Pollen has raised $150m (€140m/£118m) in a Series C funding round. Pollen was founded in 2014 and curates and delivers experiences across the globe, using data and customer insights. It was founded by two brothers, Callum and Liam Negus-Fancey, who use the data to create experiences exclusive to Pollen, …

LIVE invited to join UK Government’s UK-EU advisory group 

[ad_1] LIVE, a live music and entertainment business trade group for the UK, has been invited to join the UK Government’s UK-EU Trade and Cooperation Agreement (TCA) Domestic Advisory Group (DAG). LIVE will be representing the entertainment and cultural industries, and its application was supported by UK Theatre/Society of London Theatre (SOLT), Association of British …

South Korea crowds able to cheer again 

[ad_1] South Korea’s music and sports fans will be able to cheer and clap once more, after COVID-19 measures which saw attendees unable to share their appreciation were removed. Last month as K-Pop superstars BTS (pictured) took to the stage in their hometown of Seoul, a 10,000-strong crowd was only able to support the band …

Astroworld task force highlights changes for event safety

[ad_1] The Astroworld task force, which was set up in Texas following the death of 10 people during a crowd crush at a Travis Scott concert, has outlined recommendations to improve safety at large events. The Texas Task Force on Concert Safety was set up by Texas Governor Greg Abbott following the Astroworld tragedy at …

Live Nation Philippines launches through acquisition of MMI

[ad_1] Live entertainment company Live Nation has targeted the Philippines market through a strategic acquisition of Music Management International (MMI). The acquisition marks the launch of Live Nation Philippines, with MMI’s Rhiza Pascua taking on the role of managing director of the new venture. MMI is a concert promoter in the Philippines and has promoted …

Co-op Live opens bookings for first wave of events 

[ad_1] Co-op Live, a new arena under construction in Manchester, has opened bookings for its pre-opening and opening season events at the end of 2023 heading into 2024. The new 23,500-capacity area is set to announce its first wave of events in summer this year, as it heads towards its December 2023 opening. Co-op Live’s …

Live Nation Entertainment’s Michael Rapino sells $88m worth of shares

[ad_1] Live Nation Entertainment (LNE) chief executive Michael Rapino sold 78,000 shares of the company’s stock in a transaction on Friday, April 22. According to a United States Securities and Exchange Commission Statement of Changes in Beneficial Ownership, shares sold for an average price of $106.41 (£84/€99) with all sales amounting to $8.3m. Rapino now …