Live Nation Reports Revenue Down 98% in Q2 Earnings Report
With live events at a virtual standstill, it came as no surprise that Live Nation Entertainment wouldn’t have much good news for shareholders when it released its earnings report. The industry leader put as much positive spin on the numbers as could be managed, focusing on its expectation that... Read more
Report: DTI Management Acquiring TEVO, Broker Genius and Seat Scouts
According to ticket industry consultant Eric Fuller, DTI Management is on the verge of a trio of acquisitions, picking up some big players in a secondary ticketing world hobbled by the coronavirus pandemic. DTI, Fuller writes in a post on Medium, is in the process of acquiring Ticket Evolution,... Read more
Sports Teams Considering Facial Recognition Despite Privacy Concerns
Facial recognition technology is being considered by sports teams looking to find ways to get fans back in buildings amid the coronavirus pandemic, according to the Wall Street Journal. The New York Mets and Los Angeles Football Club are currently testing the technology, despite widespread outcry against the technology... Read more
Big 12 Football Approves Plan With One Non-Conference Contest
Big 12 football announced its schedule model for the fall of 2020, with each team playing nine conference games and one non-conference contest on its schedule. Similar to the model adopted by the Atlantic Coast Conference, the move completes plans for the Power 5 conferences and their approach to... Read more
Live Nation Extends Credit Terms to Weather Pandemic Storm
Live Nation bought itself additional time with creditors with an extension of its credit agreement from the end of September of this year all the way through the end of December 2021. The move allows the entertainment giant to focus on keeping operations afloat in the period of little... Read more
Former Live Nation President Launches Brooklyn Made Promotions
Anthony Makes, formerly president of Live Nation New York, is “looking to redefine what it means to be a 21st century music company” with the launch of Brooklyn Made, an independent promotions company based out of his home in the Park Slope neighborhood of the eponymous borough. “After having... Read more
CAA Announces Layoffs, Furloughs Impacting Hundreds
Creative Arts Agency (CAA) has announced layoffs impacting 90 agents and executives and another 275 assistants and support staff will be furloughed as the entertainment giant restructures to survive the coronavirus pandemic and related government shutdowns of live events. The music department was hard-hit by the cuts, according to... Read more
StubHub Reportedly Closing Several Offices Worldwide
StubHub is closing or shrinking a number of its offices across the globe, as part of its continuing efforts to weather the COVID-19 pandemic, according to reporting by The Guardian. An email to staff said the company, which has already laid off a substantial sector of its staff and... Read more
TodayTix Acquires Review Aggregator Website Show-Score
TodayTix, a producer-backed ticket resale operation focusing on theatrical performances in New York and 16 other cities, acquired theater review aggregator Show-Score. The transaction was completed this month, but the integration is expected to begin in September, with theater largely shut down across the globe due to the coronavirus... Read more
French Live Music Professionals Push for Reopening on September 1
More than 3,000 professionals have signed a letter sent to the government, asking for “clear and coherent” plans for a reopening, making a push to allow shows at 100 percent capacity as early as September 1, according to multiple sources. Concert promoters, venue owners, technicians, service providers, artists and... Read more