Finance Archives

DEAG witnesses expected dip in revenue

DEAG Deutsche Entertainment AG has posted a nine-month revenue of more than €213m (£184.2m/$233m), with the entertainment company’s ticketing and service businesses exceeding expectations.

Autumn Statement: Venues see 75% business rates relief extended

Business rates relief for grassroots music venues in England has been extended for a further year by Chancellor Jeremy Hunt.

CTS Eventim projects revenue of €2bn for 2023

CTS Eventim, a provider of ticketing services and live entertainment, achieved a revenue of €1.75bn (£1.53bn/$1.9bn) during the first three quarters of 2023, with a total of €729.3m posted during Q3.

Roller raises $50m in funding round

Melbourne-headquartered Roller, an all-in-one, cloud-based venue management software solution for attraction businesses, has raised a further $50m (£41m/€49m) in funding, led by software investor Insight Partners.

New advisory group launched for live entertainment in the UK

A new advisory firm has been launched to support the operators of music festivals and live entertainment businesses in accessing specialist financial services.

Sphere posts $98.4m operating loss during period in which it opened

Las Vegas’ Sphere brought in $4m in event-related revenues during the first two days after it opened, but posted an operating loss of $98.4m.

Vivid Seats sees improved revenue, acquires Las Vegas marketplace

Vivid Seats has announced the acquisition of entertainment marketplace Vegas.com, alongside an improved revenue of $188.1m (£153m/€176m) in its quarterly results, up 20% from $156.8m in Q3 last year.

Australians lose A$36m in ticketing and marketing scams in 2023

National Australia Bank (NAB) has warned patrons over ticket scams ahead of another busy summer for the country.

Live Nation posts best-ever quarter, with record revenue and attendance

Live Nation Entertainment has posted its most successful quarter ever, with revenue up 32% to $8.2bn (£7bn/€8bn).

Eventbrite revenue grows 21% year-over-year

Events marketplace Eventbrite has reported a net revenue increase of 21% to reach $82m (£67m/€77m), with a 50% increase year-over-year adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) to an 8% margin in the third quarter.

Superfan app Fave raises further $2m

Fave, an app for superfans to connect with other music lovers and support their favourite artists, has secured $2m (£1.6m/€1.9m) in an ongoing funding around.

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UEFA unveils ‘fans first’ Euro 2024 tix strategy

Wimbledon raises ticket prices for 2023 championships

Lord’s lifetime membership owners allowed to jump 29-year queue

Viagogo fined over unauthorised ticket sales for Rugby World Cup France 2023

Ticketing: The ‘bad-news’ business?

Vivendi plans to sell See Tickets and festival businesses – reports

Leeds United increases season ticket prices by flat 10% fee

Issues reported with Rugby World Cup 2023 ticketing system

See Tickets, Vivendi suffer reported data breach

Health Pass required for entry to Climate Pledge Arena

Aisle seats are the new ‘premium’ tickets

Ticketmaster faces class action lawsuit over Drake tickets

Category: Finance