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Live Nation and OL Group announced the signing of a long term deal that will start with the creation of the Lyon-Decines Arena in France. The venue is planned to have a capacity of approximately 16,000 and will host approximately 100 concerts and sporting events per year. The arena is expected to be completed near the end of 2023. “This agreement with one of the world’s leaders in musical entertainment is a long-term one and breathes life into the OL Valley Arena project,” says Jean-Michel Aulas, CEO of Olympique Lyonnais. “We are extremely honoured to have Live Nation alongside us, enabling our city to welcome high-quality international stars who will draw in spectators not only from Lyon but also from the surrounding region and beyond.” The new, modular Lyon-Decines Arena will be adaptable to the type of event, of which there are slated to be 80-120 per year. It will have a capacity of 16,000 for concerts and 12,000 for sporting events. The Arena will be equipped with three stands facing the stage, and a fourth removable one for use during sporting events. The space will also host eSports events, which will complement the programme of sporting events scheduled in the Arena. “France is a country that lives and breathes music and entertainment, and we’re proud to bring a new arena to Lyon that will make it front and center for live entertainment by opening up a whole new touring market,” says Angelo Gopee, managing director of Live Nation France. The full press release announcing the deal is available at Live Nation’s website . The post Live Nation Signs Deal to Develop New Arena in Lyon, France appeared first on TicketNews .
Multiplatinum singer-songwriter and Phoenix native Dierks Bentley will perform a pre-race concert before the NASCAR Cup Series Championship Race on Sunday, November 7. The concert will be broadcast live (in part) during the pre-race Countdown to Green show on NBC. “Dierks Bentley’s journey from The Valley to superstardom is inspiring,” said Phoenix Raceway President Julie Giese. “We’re excited he is returning home to perform his music and amplify the feel-good, championship atmosphere our fans will generate at Phoenix Raceway.” Bentley’s performance is scheduled to take place beginning at 11:40 a.m. Plans are for it to run for approximately 45 minutes for the sold out crowd anticipating the NASCAR Cup Series Championship Race, which will follow the concert with a green flag scheduled start of 3 p.m. “I can’t wait to get back to my home state of Arizona and perform for all my NASCAR friends and fans,” Bentley said. “The energy at Phoenix Raceway is unmatched and I’m looking forward to sharing in that excitement.” Tickets for the NASCAR Cup Series Championship Race are currently sold out from the box office, but are available for purchase through secondary marketplace websites including TicketNews partner TicketClub.com – prices for GA tickets stand around $191 per ticket as of Friday afternoon, with grandstand tickets beginning at $215. Members of Ticket Club pay no service fees, and those interested can take advantage of a TicketNews/Ticket Club offer for a free one-year membership by signing up here . Dierks Bentley has been out this summer on his BEERS ON ME TOUR, which has four more stops before wrapping up later this month. He performs Friday at Ruoff Music Center near Indianapolis, with a Saturday SHow at The Pavilion at Star Lake in Pennsylvania. Next weekend, he wraps the tour with shows at Hollywood Casino Amphitheatre in St. Louis and then Walmart AMP on October 22. Following his NASCAR Cup Championship opening show, Bentley has a show in November at Coyote Joe’s in Charlotte, North Carolina, then plays two nights at The Chelsea in Las Vegas on December 10 and 11. The post Dierks Bentley to Perform Pre-Race Concert at NASCAR Championship appeared first on TicketNews .
Live Nation Entertainment, Oak View Group, and GL events are partnering to develop a new 20,000 seat arena in the city of São Paulo, Brazil, which is expected to break ground next year and open in 2024. The development will be located in the city’s ANHEMBI entertainment district, which is already a well-known destination for large-scale events including the Carnival parade. “Today is a historic day for our city because we are starting the implementation of the Arena São Paulo, a project leaded by the three best companies in the world in their industry. We are going to build the best arena in Latin America . It will be a major achievement for the city of São Paulo and for the world”, said the mayor of São Paulo, Ricardo Nunes . Live Nation and Oak View Group will serve as the operators of the new venue, which is described as a state-of-the-art 20,000 capacity arena. Plans are to draw sporting events, family events, e-sports tournaments, and conventions to the area with the sparkling new arena as its centerpiece. “As the leader in live, we’re excited to be expanding our footprint in Latin America by creating a world-class arena in São Paulo. This new venue will add to our portfolio of 200+ venues worldwide and we are proud to contribute to the growth of São Paulo as a live music hub and international touring destination,” said Michael Rapino, president and CEO, Live Nation Entertainment. Tim Leiweke, CEO of OVG commented, “We’re honored to include São Paulo in our global portfolio of entertainment destinations and look forward to working with GL events and Live Nation Entertainment to transform ANHEMBI DISTRICT into the largest entertainment destination in Latin America.” Live Nation Entertainment and Oak View Group have launched several partnerships in recent months, including the brokering of a deal to have Ticketmaster provide ticketing for a series of venues under the OVG banner opening in the next few months and years. The full press release for the São Paulo project is included below: Live Nation, Oak View Group & GL Events Developing New Arena in São Paulo To Bring More Concerts, Sports, And Live Events to the City SÃO PAULO, Oct. 15, 2021 /PRNewswire/ — It was announced today by São Paulo Mayor Ricardo Nunes that the city will be welcoming a new 20,000 capacity arena, developed through the partnership of Live Nation Entertainment, the world’s leading live entertainment company; Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries; and GL events, a world-class provider of integrated solutions and services for events, who was awarded a 30-year lease by the City of São Paulo for the Anhembi campus (4 million square feet). The state-of-the-art ARENA SÃO PAULO will host live events including concerts, sports games, family entertainment, and more, and will be located within São Paulo’s premier entertainment destination, the ANHEMBI DISTRICT, which is already well-known for hosting the Carnival parade, among other events. As part of the development agreement, Anhembi will emerge as São Paulo’s newest district, revitalizing the fabric of the surrounding community. The ARENA SÃO PAULO announcement marks the beginning of the re-development of the whole ANHEMBI DISTRICT, which will include a large program of real estate investments. Anhembi will be transformed into a global benchmark for events, featuring the indoor arena, a cultural boulevard, an exhibition center, and São Paulo’s first next-generation international convention center. The agreement marks the most significant step towards the modernization of the complex in its 50-year history. As a result of the redevelopment, the complex will generate cash flows of approximately 5 billion of Brazilian Reais of economic benefit for the city and local businesses and become one of the main engines to increase the São Paulo economy. At the same time, this development creates a historic opportunity for São Paulo, the 4 th largest city in the world and the wealthiest economy in Latin America , to continue maximizing its prominence as one of the world’s top destinations for concerts, sports, e-sports, family events, exhibitions, and conventions. “Today is a historic day for our city because we are starting the implementation of the Arena São Paulo, a project leaded by the three best companies in the world in their industry. We are going to build the best arena in Latin America . It will be a major achievement for the city of São Paulo and for the world”, said the mayor of São Paulo, Ricardo Nunes . In addition to developing the venue, Live Nation and Oak View Group will be the operators of the facility and will oversee event bookings. Live Nation is focused on featuring both international and domestic artists at the city’s future premier large entertainment venue, ARENA SÃO PAULO. Live Nation has an important presence in Brazil hosting major festivals such as Lollapalooza and Rock in Rio, while also promoting local and international tours. “As the leader in live, we’re excited to be expanding our footprint in Latin America by creating a world-class arena in São Paulo. This new venue will add to our portfolio of 200+ venues worldwide and we are proud to contribute to the growth of São Paulo as a live music hub and international touring destination,” said Michael Rapino , president and CEO, Live Nation Entertainment. The Arena is designed by the world-renowned architectural firm Gensler, is expected to break ground in 2022 and open in 2024. Using international benchmarks from arenas developed by Oak View Group in Seattle , New York , California , and Manchester, UK , SÃO PAULO ARENA will contain innovative features including environmental sustainability programs, VIP seating, hospitality lounges, diverse food & beverage offerings, and premium acoustic technology. Tim Leiweke , CEO of OVG commented, “We’re honored to include São Paulo in our global portfolio of entertainment destinations and look forward to working with GL events and Live Nation Entertainment to transform ANHEMBI DISTRICT into the largest entertainment destination in Latin America .” “GL events is a leading global player and Brazil’s largest operator in the events sector. We are excited to partner with OVG and Live Nation Entertainment, two global entertainment leaders to invest in ARENA SÃO PAULO. Entertainment is a major component of ANHEMBI DISTRICT. We look forward to capturing synergies between ARENA SÃO PAULO and our network of venues, including Rio de Janeiro’s Jeunesse Arena .” said Olivier Ginon , founder and chairman of GL events. The post Live Nation, Oak View Group Partner on New Arena in Brazil appeared first on TicketNews .
Coldplay will tour in 2022, going out in support of their new album, Music of the Spheres. The tour begins in March of 2022 and will feature shows in Central America, the United States, Germany, Poland, France, Belgium and the United Kingdom. Expectations are that additional dates will also be announced as the band tours for the first time since 2016-17. The band also announced plans to tour in a sustainable fashion, aiming for a minimal impact on the climate and environment as part of the central goals for their stadium run. “Playing live and finding connection with people is ultimately why we exist as a band. We’ve been planning this tour for years, and we’re super excited to play songs from across our whole time together,” the band is quoted as saying in the announcement of the tour on Live Nation’s website . “At the same time, we’re very conscious that the planet is facing a climate crisis. So we’ve spent the last two years consulting with environmental experts to make this tour as sustainable as possible, and, just as importantly, to harness the tour’s potential to push things forward. We won’t get everything right, but we’re committed to doing everything we can and sharing what we learn. It’s a work in progress and we’re really grateful for the help we’ve had so far.” “If you’d like to come to a show and sing with us, we’re so excited to see you.” Coldplay’s tour dates kick off with a performance on March 18 at Estadio Nacional in San Jose, Costa Rica. Other March dates include Santo Domingo, Dominican Republic followed by Monterrey and Guadalajara, Mexico. After an April 3 date in Mexico City, the band moves on the the United States through the rest of April, May, and June. Stadiums in the U.S. include Levi’s Stadium and SoFi Stadium in California, State Farm Stadium in Phoenix, Soldier Field in Chicago, Metlife Stadium in New Jersey, and Raymond James Stadium in Tampa. Dates in Europe follow through the summer, including three shows at London’s Wembley Stadium. The currently announced dates end with Rock in Rio in September, but the band reportedly has plans for additional dates to be announced. H.E.R. will serve as the support act for much of the Coldplay tour, including all U.S. dates. Other dates will be supported by London Grammar. Full details of the tour’s sustainability plans are available at coldplay.com/sustainability . Coldplay – MUSIC OF THE SPHERES WORLD TOUR Dates 2022 MARCH 18: San Jose, CR – Estadio Nacional (Support: TBA) 22: Santo Domingo, DR – Estadio Olímpico (Support: TBA) 25: Monterrey, MX – Estadio BBVA (Support: H.E.R.) 29: Guadalajara, MX – Estadio Akron (Support: H.E.R.) APRIL 3: Mexico City, MX – Foro Sol (Support: H.E.R.) 23: Santa Clara, CA – Levi’s Stadium (Support: H.E.R.) 26: Los Angeles, CA – SoFi Stadium (Support: H.E.R.) MAY 3: Phoenix, AZ – State Farm Stadium (Support: H.E.R.) 6: Dallas, TX – Cotton Bowl Stadium (Support: H.E.R.) 8: Houston, TX – NRG Stadium (Support: H.E.R.) 28: Chicago, IL – Soldier Field (Support: H.E.R.) JUNE 1: Washington, DC – FedExField (Support: H.E.R.) 4: East Rutherford, NJ – Metlife Stadium (Support: H.E.R.) 8: Philadelphia, PA – Lincoln Financial Field (Support: H.E.R.) 11: Atlanta, GA – Mercedes-Benz Stadium (Support: H.E.R.) 14: Tampa, FL – Raymond James Stadium (Support: H.E.R.) JULY 2: Frankfurt, DE – Deutsche Bank Park (Support: H.E.R.) 3: Frankfurt, DE – Deutsche Bank Park (Support: H.E.R.) 8: Warsaw, PL – PGE Narodowy (Support: H.E.R.) 10: Berlin, DE – Olympiastadion Berlin (Support: London Grammar) 12: Berlin, DE – Olympiastadion Berlin (Support: H.E.R.) 16: Paris, FR – Stade de France (Support: H.E.R.) 17: Paris, FR – Stade de France (Support: H.E.R.) AUGUST 5: Brussels, BE – King Baudouin Stadium (Support: H.E.R.) 6: Brussels, BE – King Baudouin Stadium (Support: H.E.R.) 12: London, UK – Wembley Stadium (Support: H.E.R.) 13: London, UK – Wembley Stadium (Support: H.E.R.) 16: London, UK – Wembley Stadium (Support: London Grammar) 23: Glasgow, UK – Hampden Park Stadium (Support: H.E.R.) SEPTEMBER 10: Rio De Janeiro, BR – Rock in Rio Festival The post Coldplay Music of the Spheres World Tour for 2022 Announced appeared first on TicketNews .
The Rolling Stones announced the closing show on their No Filter Tour will take place on Tuesday, November 23 at Hard Rock Live at Seminole Hard Rock Hotel and Casino in Hollywood Florida. The venue, which holds approximately 7,000 at full capacity, will be the band’s “most intimate show in more than a decade,” according to the announcement of the event on the venue’s website . Tickets for the Rolling Stones at Hard Rock Live go on sale Monday, with face value prices of $281, $456, $556, $781 and $1,006. Hard Rock Live is a fraction of the size of the other remaining stops on the Rolling Stones tour, which are being held in large stadiums. The band plays Thursday and again Sunday at SoFi Stadium in California. Other stops remaining include Raymond James Stadium in Tampa, Allegiant Stadium in Las Vegas, and the Circuit of The Americas in Austin, Texas. Hard Rock Live is also playing host to another top-drawing foursome performing in a smaller than normal venue this fall, with Metallica performing a sold out show there on November 4. On its last visit to South Florida, the Rolling Stones performed in front of some 60,000 fans at Hard Rock Stadium, playing in driving rain at times during a near-miss of Hurricane Dorian . That show, in 2019, turned out to be the final concert with the band for drummer Charlie Watts, who died in August. With capacity a fraction the size of the band’s usual venues, it is likely that demand will be exceptionally high for the tour closer. There are no presales currently listed on the ticketing website, but it is possible there are fan club or other presales available prior to the general public sale on Monday. Check fan club or venue websites to see if there are any that you might have access to, as Monday’s sale will undoubtedly go fast. Rolling Stones No Filter Tour (Remaining Dates as of October 14) October 14 – SoFi Stadium – Inglewood, CA October 17 – SoFi Stadium – Inglewood, CA October 24 – U.S. Bank Stadium – Minneapolis, MN October 29 – Raymond James Stadium – Tampa, FL November 2 – Cotton Bowl – Dallas, TX November 6 – Allegiant Stadium – Las Vegas, NV November 11 – Mercedes-Benz Stadium – Atlanta, GA November 15 – Ford Field – Detroit, MI November 20 – Super Stage at Circuit of The Americas – Austin, TX November 23 – Hard Rock Live – Hollywood, FL The post Rolling Stones to Close Tour at Seminole Hard Rock appeared first on TicketNews .
Fresh off a record return to operations in 2021, Cheyenne Frontier Days has switched its ticketing operations to AXS for 2022 and beyond. The event, which bills itself as the World’s Largest Outdoor Rodeo & Western Celebration, saw 267,369 attendees between its rodeo and concert attractions in 2021, which was its 125th anniversary. “Our goal is to provide our annual visitors with the best possible experience from the time they purchase a ticket to when they walk through our gates. To do that, we need a partner who will bring the latest in technology and support to our organization,” said Tom Hirsig, Cheyenne Frontier Days CEO. “We look forward to our partnership with AXS deploying the enterprise solutions they bring to the partnership.” In its announcement of the deal , AXS touted the use of its mobile app as part of the deal, which “provides contactless, secure, and personalized fan experience to elevate the event discovery, buying and entry process.” That generally implies massive data sharing back to the rodeo and its partners, as well as AXS partners, to maximize revenue and capitalize on the treasure trove of user information required by the mobile ticketing systems. “We are excited to add Cheyenne Frontier Days to our stable of world-class rodeo partners alongside the legendary Houston Livestock Show & Rodeo, Ogden Pioneer Days, Days of ‘47 and the Calgary Stampede. Each partner is unique and gives us the opportunity to collaborate and scale our offerings to grow their business. Bringing best-in-class solutions to these legendary western events demonstrates our scale, flexibility and personal touch to each partner in our portfolio,” said Rob Sine, AXO CRO. In 2021, Cheyenne Frontier Days saw rodeo attendance up more than 14 percent from its 2019 numbers (the event was not held in 2020 due to the pandemic), with total attendance of Frontier Nights up 29 percent. Organizers say that total overall attendance was also up, but not tracked due to many of the events being free to enter rather than ticketed. Concert performances by Garth Brooks and Blake Shelton were both fully sold out, as were both Saturday rodeos. “After missing a year, it was amazing to see how our volunteers and everyone involved came together to produce a fantastic event,” said Jimmy Dean Siler, General Chairman of Cheyenne Frontier Days. “I can’t say thank you enough to the fans, competitors, performers and volunteers and most of all this great Cheyenne community.” The post Cheyenne Frontier Days Announces AXS as Ticketing Partner appeared first on TicketNews .
Have you been looking forward to buying Edmonton Oilers game tickets? Being an NHL fan, you will certainly want to be part of an interesting game that makes you anticipate every players’ moves by the minute! You can now make this happen by getting hold of the Edmonton Oilers tickets like the early birds! Top Places To Buy Edmonton Oilers Tickets Our Top Pick: VIPticketscanada.ca – Editor’s Choice For Best Prices! (Best place to buy Canucks tickets) Our Second Pick: Premiumseating.ca – Best Canadian Ticket Exchange! The team has one of the highest number of championships in the NHL. They have won seven Division Championships, two Presidents’ Trophy, seven Conference Championships, and five Stanley Cups. Now that they are all geared up for the upcoming season, loyal fans are ready to do whatever it takes to get their hands on Edmonton Oilers tickets. You could be one of the lucky few to get your hands on Edmonton Oilers presale tickets. All you need to do is be a fan club member of the team or venue. With this, you are going to get regular updates about various events. You will also have access to presale codes, which are sent only to fan club members. This will allow you to book your Edmonton Oilers tickets way ahead and guarantee your spot at the game. You will have to take a look at the Edmonton Oilers schedule to know which team they will be playing against and in which venue. Once you find a particular match that you know is going to be interesting, you can look forward to purchasing Edmonton Oilers tickets. If you don’t have any particular budget in mind and are looking for some great seats, you might want to book the Edmonton Oilers VIP tickets. These will give you access to various luxurious amenities and comfort like any other. There are also the Edmonton Oilers VIP box seats that give you the best seats with a private setting. The box seats are more favorable when you have a group of friends or family who want to be part of the game and watch it all live in action! Although the Edmonton Oilers tickets are known to be expensive, you can find means and ways to get them at cheaper rates. That’s right. Lucky fans will be able to secure cheap Edmonton Oilers tickets as long as they know when the timing is right. For instance, some fans wait out till the match day draws nearer to book their tickets. These are usually sold out tickets that go on sale a few days before the event, and they will be cheaper, too. It’s not all the time that fans get to buy such tickets. However, when you have missed your chance of buying your tickets for a particular game, make sure to keep yourself updated till the very end. An Edmonton Oilers game will have you feeling the zeal and enthusiasm every second. And being a loyal fan, you don’t want to miss out on some of the most interesting matches this season! Therefore, ensure that you do your best in securing your ticket and be a part of a nail-biting game this season! Edmonton Oilers Ticket Prices On average, the ticket price for Edmonton Oilers this season is $222. This high price is owing to the fact that the Edmonton Oilers are one of the most sought-after and strongest teams in the NHL. Therefore, it is a given that the tickets for their matches will be on the higher side. Cheap Edmonton Oilers Tickets Even though the Edmonton Oilers tickets may be expensive, there are a number of ways through which you can get them at cheaper rates. One of the ways is to secure presale tickets. The other tip you can remember is to wait until the last moment to buy sold out tickets. These are some of the ways you can save a few bucks. Where Can I Buy Edmonton Oilers Playoff Tickets? With the playoffs for the 2021 season approaching, fans are already looking forward to booking their tickets. You could also purchase your Edmonton Oilers playoff tickets by looking up sports websites or ticket marketplaces online. By making sure that these websites are genuine, you can stand a chance to purchase tickets before the other fans do. How Much Do Edmonton Oilers Seats Cost? You may already know that the costs of seats vary from row to row. This means that the back row will be cheaper than the front row seats during an Edmonton Oilers game. The opponents and venue also play a crucial role in determining the cost of seats for an Edmonton Oilers match. Edmonton Oilers Game If you haven’t already been to an Edmonton Oilers game, this season could be your chance to do so! No doubt, the pressure is intense with the team ready to go against Vancouver Canucks, Calgary Flames, and Philadelphia Flyers this season. Fans will be hoping to secure their tickets to support their favorite team and battle it out to be the champions. Being part of an Edmonton Oilers game will allow you to experience a high level of thrill, adventure, and excitement. With every single second allowing for a new twist, you won’t be able to get your eyes off the rink! The intensity is going to build up during the last few minutes of the game undoubtedly. If this is the kind of atmosphere you want to be a part of, make sure that you book your Edmonton Oilers tickets when you have the chance. Once you get a hold of them, all you need to do is prepare yourself to have your mind blown! Edmonton Oilers Schedule For any ice hockey fan, there wouldn’t be a single person who would deny the chance of being part of an Edmonton Oilers match. If you are also up for a jaw-dropping experience, you will certainly be on the lookout for the Edmonton Oilers schedule. You can find the Edmonton Oilers schedule online easily on many different websites. Once you have gone through the team’s entire schedule, you can find out a particular game and venue that is convenient for you. Some ticket marketplaces will also allow you to book your tickets then and there. Also, don’t forget to compare ticket prices as well against several other websites. This way, you can be able to get the best deal from the most genuine and authentic website. The post Edmonton Oilers Tickets: Catch A Game Vs. Top Teams appeared first on TicketNews .
Pennsylvania Attorney General Josh Shapiro has filed a lawsuit against an event operator for allegedly failing to issue ticket refunds from a planned comic convention that was initially scheduled for April of 2020. The Great Philadelphia Comic Con was initially scheduled for the spring of 2020, postponed to the fall of that year, then again to the spring of 2021 – but no event has been held, and no money has been returned, according to the lawsuit. “COVID-related cancellations can’t be an excuse for businesses to just walk away with consumers’ money,” said AG Shapiro in a statement announcing the litigation over the lack of ticket refunds. “I’ve been clear since the beginning of the pandemic — that sort of thing is just not acceptable. By filing this suit, we’re protecting consumers by ensuring they are not victims of a different kind of con.” The lawsuit, filed last week in Montgomery County’s Court of Common Pleas, accuses Great Conventions LLC and its owner Christopher Wertz of violating consumer protection laws by cancelling their event but holding on to consumer money. Wertz and Great Conventions organized The Great Philadelphia Comic Con to be held at the Greater Philadelphia Expo Center in Oaks, Pa.from April 3-5, 2020. After repeatedly rescheduling the event due to COVID-19 restrictions, defendants effectively cancelled the event in March 2021. Since then, Great Conventions LLC and Wertz have ignored multiple requests from ticket holders for refunds. They made no effort to either reschedule the convention or give consumers their money back. In the lawsuit, Shapiro asks that the court require Great Conventions LLC and Wertz to pay restitution of the withheld ticket refunds and pay civil penalties of $1,000 per violation (and $3,000 per violation for consumers over the age of 60.) It also seeks that the company and its owner be permanently enjoined against operating or selling tickets in the state. Consumer ticket refunds have become a huge topic of contention amid the shifting event landscape in the wake of COVID-19. Consumers and state officials have filed numerous lawsuits accusing event organizers of changing policies or withholding refunds as event dates have been pushed ever-backwards due to continued restrictions on public gatherings. Live Nation was sued over allegedly changing its rules regarding refunds for postponed concerts in the spring of 2020 before shifting that policy back to what it had been when cash flow was better. Vivid Seats was also sued over refunds, settling for millions after a class action was put together seeking remedy for the refund claims. StubHub was arguably the most brazen, giving consumers vouchers good for purchase on the resale marketplace even in the instance of events that had been fully cancelled and refunded by the organizers if the tickets had been resold on its marketplace. It was only recently that StubHub settled lawsuits with numerous states ‘ attorney generals over the withheld refunds to consumers. Even now, with live events largely operating at full capacity in most U.S. states and cities, refunds are a sore point for consumers – like in New York, where some can’t attend events due to requirements that all who attend be fully vaccinated against COVID-19, but those who aren’t can’t get a refund even though the policy was put in place after they had purchased tickets. In the instance of the consumers who purchased tickets to the Great Philadelphia Comic Con, they have been out the cost of their tickets purchased in late 2019 or early 2020 since that time – at prices ranging between $30 and $225 plus fees per ticket. Refunds were not authorized despite the event being pushed back several times. According to the legal complaint , the last time that consumers were even updated on the event at all was in March of 2021, when organizers said the event couldn’t be held in April of 2021 as hoped, but they “intend to schedule the show as soon as it is reasonably safe to do so, without continually changing restrictions on size or audience capacity,” adding that “at this time we are not in a position to be able to offer refunds for tickets or tables.” In Pennsylvania, it has been more than four months since all event restrictions were lifted, but still no event, and still no refunds. The lawsuit is built on consumer protection laws in Pennsylvania that prohibit misrepresentation of goods, prohibit false advertising, and prohibit fraudulent or deceptive practices. In many instances, legislation has been introduced asking that event organizers be legally obligated to provide consumers with full refunds including all fees (less actual delivery costs incurred for tickets that have been physically shipped). That would empower a more direct approach by officials looking to curb this sort of behavior, but thus far the efforts have found substantial pushback from promoter and venue interests, both at the federal level (BOSS Act) and in states like New York and Massachusetts, among others. Until then, it’ll be up to action like this one to help make consumers whole if event operators go rogue (or silent) after things get pushed around by outside circumstances. The post PA Attorney General Sues Comic Con Operator Over Ticket Refunds appeared first on TicketNews .
Another ticketing company is going public, as SeatGeek and RedBall Acquisition Corp confirmed rumors that they were working on a deal, announcing plans to merge. The deal values SeatGeek at approximately $1.35 billion, and is expected to close in the first quarter of 2022. The story was leaked last week, with Bloomberg outlining the rumored deal between the Special Purpose Acquisition Corporation led by baseball executive Billy Beane and sponsored by RedBird Capital Partners, which had previously made a run at purchasing the Boston Red Sox/Liverpool FC organization before those talks fizzled. It marks the second SPAC acquisition of a ticketing company this year, with Vivid Seats expected to close a similar deal in the near future. According to the announcement of the deal, the existing management structure of SeatGeek will remain in place, led by Co-Founder and CEO Jack Groetzinger. “At SeatGeek we believe live events create powerful experiences that unite humans. We build technology to make more of those experiences possible. Since we started SeatGeek, we’ve focused relentlessly on reinventing live event ticketing. Our technology transforms the historically opaque and complicated process of purchasing tickets into a seamless, delightful experience that enriches events for fans, sellers and rightsholders,” said Jack Groetzinger, CEO and Co-Founder of SeatGeek. “We’ve grown substantially in 2021, gaining in market share as the live entertainment industry recovers. That makes this a particularly exciting time to go public via this merger with RedBall. Their significant experience and relationships in sports, live entertainment, and ticketing makes RedBall the ideal partner for SeatGeek.” Alec Scheiner, CEO of RedBall, added, “We believe SeatGeek is truly the future of live event ticketing. SeatGeek’s technology, customer focus, brand and vertically integrated model align the needs of fans and rightsholders, and differentiates SeatGeek from other industry players, as demonstrated by its impressive growth and share gain momentum. Just as importantly, Jack and the SeatGeek team have built a proven and scalable growth model with compelling long-term margins. With additional capital and RedBall’s company building experience and relationships, we’re excited to help scale this visionary company.” The full press release issued this morning is included below: Ticketing Technology Leader SeatGeek to Be Publicly Listed in Business Combination with RedBall Acquisition Corp. SeatGeek has entered into a definitive business combination agreement with RedBall Acquisition Corp Combined company positioned to be global technology ticketing marketplace and live entertainment technology platform, and the fastest-growing scaled company in its category Combined company to have implied initial enterprise value of approximately $1.35 billion Estimated $126 billion global live entertainment market with attractive long-term growth profile SeatGeek’s vertically integrated, mobile-centric technology platform offers unique features that address the needs of fans, ticket sellers and rightsholders, driving market share expansion and creating a powerful growth flywheel SeatGeek is an official partner of some of the most recognized teams, venues, and leagues across the globe, including the Dallas Cowboys, Brooklyn Nets, and Liverpool F.C., as well as Major League Soccer, the National Football League, half of the English Premier League, and multiple theaters across New York City’s Broadway and London’s West End Business combination with RedBall to provide access to new capital sources and expected to drive growth model, accelerate market expansion and extend technology innovation RedBall’s team, in combination with sponsor affiliate RedBird Capital Partners, brings extensive integration in the sports and entertainment ecosystem, and ticketing industry Jack Groetzinger, SeatGeek CEO and Co-Founder, to lead combined company, with current proven management team Combined company expected to receive approximately $675 million in gross proceeds, which includes fully committed PIPE of $100 million, and $575 million held in trust account of RedBall Acquisition Corp, assuming no redemptions by RedBall public shareholders Strategic investors led by early SeatGeek investor Accel, joined by Ryan Smith, Owner of Smith Entertainment Group (Utah Jazz) and Founder of Qualtrics, Kevin Durant’s Thirty Five Ventures, and a number of others NEW YORK, Oct. 13, 2021 (GLOBE NEWSWIRE) — SeatGeek , the high-growth, mobile-centric technology platform that is transforming the live-event experience for fans, teams, and venues, and RedBall Acquisition Corp. (“RedBall”) (NYSE: RBAC), a publicly traded special purpose acquisition company (“SPAC”) with a focus on sports, media and data analytics, today announced the signing of a definitive business combination agreement to take SeatGeek public. RedBall is a $575 million SPAC, sponsored by an affiliate of RedBird Capital Partners (“RedBird”), a private investment firm with over $5B in assets under management and deep investing and operational expertise across the sports and live events ecosystem. RedBird’s current and prior investments in sports, media, and ticketing include the YES Network, On Location Experiences, Skydance, Wasserman, OneTeam Partners, Fenway Sports Group, the XFL, Toulouse FC, and the IPL’s Rajasthan Royals. Upon the close of the transaction, the combined company will be named SeatGeek. Founded in 2009, SeatGeek is a high-growth, global technology ticketing marketplace and live entertainment technology platform, uniquely positioned to meet the needs of all stakeholders in the estimated $126 billion global live entertainment ecosystem, which has quickly returned to growth in 2021. Through a mobile-first marketplace and vertically integrated technology platform, SeatGeek makes it easy for fans to buy tickets, attend, and enjoy live events, through innovative features like Deal Score, its proprietary ticket rating technology, Rally, its event-day operating system, and SeatGeek Swaps, the only hassle-free return policy offered by a major ticket marketplace. SeatGeek’s open-ecosystem enterprise ticketing software empowers teams, venues, and promoters to efficiently grow their businesses while delivering a superior fan experience. SeatGeek is the exclusive ticketing platform for a rapidly increasing number of major teams and venues, including the Brooklyn Nets (Barclays Center), Cleveland Cavaliers (Rocket Mortgage FieldHouse), Dallas Cowboys (AT&T Stadium), and half of the English Premier League. SeatGeek’s platform has seen growth in a number of verticals and venue types, including traditional stadiums, arenas, and theaters, as well as casinos, horse tracks, and golf events. Well-positioned in the live event marketplace ecosystem, SeatGeek’s vertically integrated technology platform, which connects fans, ticket sellers, and rightsholders, allows it to create new user experiences, offer more comprehensive inventory, and capture strong economics for its enterprise partners. This has created a powerful flywheel benefitting all stakeholders and driving the company’s 70% compound annual growth from 2016 to 2019 and strong market expansion since 2017. Following the suspension of most live events in 2020, SeatGeek has resumed its rapid growth in 2021, signing more new client total annual revenue in the first half of the year, including major new partnerships with the Brooklyn Nets (Barclays Center) and Jujamcyn Theaters, than in any year in the company’s history. “At SeatGeek we believe live events create powerful experiences that unite humans. We build technology to make more of those experiences possible. Since we started SeatGeek, we’ve focused relentlessly on reinventing live event ticketing. Our technology transforms the historically opaque and complicated process of purchasing tickets into a seamless, delightful experience that enriches events for fans, sellers and rightsholders,” said Jack Groetzinger, CEO and Co-Founder of SeatGeek. “We’ve grown substantially in 2021, gaining in market share as the live entertainment industry recovers. That makes this a particularly exciting time to go public via this merger with RedBall. Their significant experience and relationships in sports, live entertainment, and ticketing makes RedBall the ideal partner for SeatGeek.” Alec Scheiner, CEO of RedBall, added, “We believe SeatGeek is truly the future of live event ticketing. SeatGeek’s technology, customer focus, brand and vertically integrated model align the needs of fans and rightsholders, and differentiates SeatGeek from other industry players, as demonstrated by its impressive growth and share gain momentum. Just as importantly, Jack and the SeatGeek team have built a proven and scalable growth model with compelling long-term margins. With additional capital and RedBall’s company building experience and relationships, we’re excited to help scale this visionary company.” In addition to the funds from RedBall, the transaction is bolstered by a strong roster of strategic investors. The PIPE of $100 million is led by early SeatGeek investor Accel, joined by Ryan Smith, Founder and Executive Chairman of Qualtrics, and owner of Smith Entertainment Group which includes the Utah Jazz, Kevin Durant and Rich Kleiman’s Thirty Five Ventures, and a number of others. The group brings a unique set of industry expertise and relationships across sports, technology and entertainment. “Accel helps build tech companies that redefine categories,” said John Locke, Partner at Accel. “As long-time investors in SeatGeek, we know that their technology is transforming the live event industry, and we couldn’t be more excited to continue our partnership at this key inflection point.” Smith added, “I’m proud to become a part of the SeatGeek story at this key moment. As a team owner, I know how much opportunity there is to modernize the business around sports. With their incredible team and world-class technology, SeatGeek is poised to make a huge impact on our industry.” Proceeds from the transaction will be used to expand SeatGeek’s enterprise partnerships in additional markets and scale marketing, while also investing in continued technology development, strategic M&A, and international expansion. Jack Groetzinger will continue as CEO of the combined company, overseeing its vision and evolution, joined by SeatGeek’s current executive team. Transaction Overview The business combination implies an enterprise value of the combined company of approximately $1.35 billion. Upon completion of the transaction, including the PIPE (as defined below), and assuming no redemptions by public shareholders of RedBall, the current owners of SeatGeek will hold approximately 63.5% of the combined company and current RedBall shareholders will hold approximately 28.5% of the combined company. The company will receive proceeds of $575 million of cash held in trust, less any deferred underwriting commissions, transaction expenses and redemptions by public shareholders of RedBall exercising such rights, along with $90.5 million from a committed private placement of common stock of RedBall, priced at $10.00 per share, and $9.5 million from a committed private placement of a warrant to purchase 950,000 shares of SeatGeek common stock (collectively, the “PIPE”). In addition, each subscriber to the PIPE will receive with each share of common stock purchased or issuable upon exercise of the SeatGeek direct investment warrant one-third of a warrant to purchase shares of common stock at an exercise price of $11.50 per one whole share and with terms substantially similar to the warrants included as part of RedBall’s units issued in its IPO. The boards of directors of both RedBall and SeatGeek have unanimously approved the transaction. It is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals, and approval by RedBall’s shareholders. Credit Suisse is serving as financial advisor and equity capital markets advisor, and Cooley LLP is serving as legal advisor to SeatGeek. RedBird BD and Goldman Sachs are serving as M&A advisors to RedBall Acquisition Corp, and Fried Frank is serving as legal advisor to RedBall Acquisition Corp. Credit Suisse served as placement agent on the PIPE offering. Investor Conference Call Information SeatGeek and RedBall will co-host an investor conference call to discuss the proposed transaction today, October 13 at 8:30 AM ET. For those who wish to listen to the call, please dial 1-877-705-6003 (U.S.) or 1-201-493-6725 (international). Accompanying slides will be available at RedBallAC.com and SeatGeek.com/Investors. A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (international). The passcode for the call and the replay is 13723965. A live webcast of the call will be available at http://public.viavid.com/index.php?id=146896. About SeatGeek SeatGeek is on a mission to transform the live-event experience for fans, teams and venues. By combining a superior marketplace with unparalleled primary ticketing box office technology, SeatGeek has become a high-growth global ticketing leader. SeatGeek delights fans through industry-first features including: Deal Score, its proprietary ticket rating technology; Rally, its event-day operating system; and SeatGeek Swaps, the first return policy offered by a major ticketer. In parallel, its open-ecosystem enterprise ticketing software empowers teams, venues and promoters to efficiently grow their businesses while delivering the superior experience that die-hard fans deserve. SeatGeek is proud to partner with some of the most recognized names in sports and live entertainment across the globe including the Dallas Cowboys, Brooklyn Nets and Liverpool F.C., as well as Major League Soccer (MLS), National Football League (NFL), half of the English Premier League (EPL) and multiple theaters across NYC’s Broadway and London’s West End. Curious? Visit www.seatgeek.com . About RedBall Acquisition Corp. RedBall Acquisition Corp.(NYSE: RBAC) is a blank-check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses with a focus on businesses in the sports, media and data analytics sectors, in particular professional sports franchises, which complement RedBall management team’s expertise and benefits from its strategic and hands-on operational leadership. RedBall’s management team represents a unique combination of operating, investing, financial and transactional experience. RedBall’s sponsor, RedBall SponsorCo LP, is an affiliate of RedBird Capital Partners. The post SeatGeek, RedBall Announce Merger, Bringing Ticketing Company Public appeared first on TicketNews .
Bitcoin is a cryptocurrency that operates as a sovereign system. Even though it has no direct relationship to any real-world money and is not regulated by any governmental or centralized authority, it is capable of (and often is) being used to buy real-world goods from big merchants such as warehouses and bookings. To execute these transactions safely, entities are known as “miners.” The miner who helps address the issue adds a “bloc” to bitcoin’s Cryptocurrency and gets a reward of 6.25 bitcoin in exchange for their efforts. 1 At the end of July 2021, a solitary person earns more than $33,000, which means that every extensive application discovered was worth upwards of $205,000. Not only was it compensation for the mining company’s efforts, but the act of mining is also the means through which cryptocurrency exchanges are created and brought into the exchange system. Although crypto processing has only ever been operational since the first Cryptocurrency was processed in 2009, it has already had quite an impact on miners, speculators, and fraudsters alike If you want to invest in bitcoin, you need to know about bitcoin mining and to know about bitcoin, use this crypto engine official website . Crypto mining: Crypto mining (or “”try crypto mining if you prefer) is a frequent topic in internet forums and there are many different types of crypto mining. Cryptocurrencies such as Bitcoin, Dash, Diamond, and other cryptocurrencies are undoubtedly familiar to you from watching films and reading articles. As a result, bitcoin mining is a subject that is often discussed in those kinds of material. However, you may be asking,” “What exactly is Bitcoin mining” after reading this. or “”what exactly is cryptocurrency mining.” Whatever the cause, cryptocurrencies are becoming a more popular topic of discussion among tech enthusiasts, entrepreneurs, and cybercrime syndicates alike. How To Mine Bitcoins: Essentially, They are in charge of ensuring the authenticity of Bitcoin exchanges. This custom, devised by Satoshi Nakamoto, the creator of Bitcoin, is intended to keep Bitcoin customers honest and was established to that end. Double spending is when a Cryptocurrency owner spends the same Cryptocurrency twice without the owner’s knowledge. There’s no such problem with real currency: once you give anybody a $20 bill to purchase vodka, you no immediately have that $20 bill in your possession, and there’s no risk that you might use the same $20 note to buy lottery tickets down the street. Counterfeit money is potentially being produced, but this is not just like purchasing the same dollars twice in the same transaction. As the Google finance definition says,“”there is a danger that the holder may create a duplicate of the digital token and transfer it to a meal merchant or another party while keeping the original” This is especially true with digital money. Consider the following scenario: you have one genuine $20 note and one counterfeit of the identical $20 denomination. If you attempted to spend both the actual bill and the phoney bill, someone who went to the effort of checking the license plates on both banknotes would notice because they’re the same quantity, indicating that one of them had to be a fake. This is similar to how a Cryptocurrency miner verifies transactions to ensure that users have just not fraudulently attempted to spend the same bitcoin more than once. This isn’t a great comparison, as we’ll discuss further down in the article. Some blockchain applications think that the 1 MB limit should be raised to handle more data, which might essentially imply that the bitcoin community could process and validate transactions more rapidly. Satoshi Nakamoto established the limit, which is now a source of debate. The Blockchain: This is a decentralized online ledger that keeps track of all transactions that take place through a network. A” “bloc” is a collection of transactions that have been authorized. Every 1.5 million blocks, or approximately every four years, the incentive rate is reduced in half, thus halving its value. Known as “halving,” this procedure is programmatically enforced, guaranteeing a predictable, unalterable pace of adding new bitcoins to the current quantity, thereby removing worries about inflation from the equation. Several criteria must be met to compensate for the utter impossibility of mining equipment throughout the actual mining process. The post What Is The Process of Bitcoin Mining? appeared first on TicketNews .
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