New York Senator Skoufis Pushes to End Anti-Consumer Ticketing Practices
Over the course of the last five years, numerous government agencies individual states have attempted to address anti-consumer practices involved in event ticket sales and concert promotion. While various states have enacted some consumer protection – most specifically making nontransferable tickets illegal – most of the issues identified are... Read more
Bill Introduced to New York Legislature Altering Ticketing Landscape
A bill introduced this week to the New York legislature by Sen. James Skoufis (D-39th) seeks to amend the existing arts and cultural affairs law, vastly changing the legal landscape for live event tickets in the state. Brought to the legislature just Thursday morning, the bill will first be... Read more
Broadway Heavyweights Hamilton, Lion King and Wicked Returning Sept 14
Broadway is returning, and three of the biggest shows in history aren’t sparing a moment in getting back to the stage. Hamilton, The Lion King, and Wicked all announced their planned returns this week, taking the stage on the first day that New York will allow productions this fall... Read more
Live Nation Reports $300M Q1 Loss As Reopening Continues
For Live Nation (NYSE:LYV), things are looking up as the United States continues to loosen the restrictions on live event attendance – but earnings have still continued to take a beating in the early months of 2021 according to its Q1 earnings report, issued this week. Revenue numbers were... Read more
Live Nation CFO Willard to Retire; Joe Berchtold to Assume Role
As part of its earnings call this week, Live Nation (NYSE:LYV) announced that Kathy Willard will be retiring after nearly 24 years with the company, and its Chief Financial Officer since 2007. Joe Berchtold, Live Nation’s President, will assume CFO duties going forward. “It has been an honor to... Read more
TodayTix Announces Acquisition of Broadway Roulette
TodayTix, theatre-focused ticket resale marketplace with ties to Broadway producers, has announced its acquisition of Broadway Roulette, a transaction which closed in April. The deal will leave Broadway Roulette’s website intact, rather than folding it in to the TodayTix system directly. According to the release announcing the acquisition, Broadway... Read more
Ticket Evolution, DTI Management, Ticket Vision Announce Merger
Ticket Evolution and DTI Management announced this week that the companies would be merging, while simultaneously announcing the acquisition of Ticket Vision and an influx of financing from sources including Legends. The TEVO/DTI merger has been rumored since the summer of 2020, bringing together a B2B ticketing exchange and... Read more
Report: StubHub Caves on Fan Refund Demands After 15 Months
Customers who bought tickets to events through StubHub on or before March 25, 2020 will now be able to obtain a cash refund from the company. StubHub had drawn intense scrutiny and several lawsuits after an abrupt policy shift last spring, issuing only credits towards future ticket purchases on... Read more
New York Announces Lifting of Event Capacity Restrictions on May 19
New York governor Andrew Cuomo announced Monday that the state would be lifting all capacity restrictions on restaurants, concert venues, museums, theaters, and bars. The changes will go in effect as of May 19, a surprisingly rapid rollback in restrictions that have existed since March of 2020. “Today is... Read more
ECHL Plans Annual Meetings in Las Vegas Alongside Ticket Summit, ALSD
The ticketing world will converge on Los Vegas in August, and the ECHL is joining the party. The hockey organization announced it would be hosting its annual league meetings concurrent with Ticket Summit and the Association of Luxury Suite Directors (ALSD) conferences, taking place at Aria on the Las... Read more