A capital investment
IQ Magazine
by James Hanley
3h ago
The corporatisation of the live music industry to form a series of vertically aligned international conglomerates has attracted the attention of a growing number of private equity (PE) and capital investment groups, all, it seems, subscribers to the notion of perpetual sector growth. Against a post-pandemic background of challenging global market conditions – high inflation and growing interest rates; slowing economic growth; and violent geopolitical disputes – the sector seemingly operates in contradiction to one of the basic rules of economics i.e. that as the cost of living goes up, discre ..read more
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CTS Eventim EVP steps down after 26 years
IQ Magazine
by Lisa Henderson
5h ago
CTS Eventim’s executive vice president and general counsel Rainer Appel is leaving the company at the end of March, after 26 years. Following his departure, the long-serving executive will transition to an advisory role at the German live entertainment firm. His position as non-executive director for the Italian subsidiary TicketOne and for the Eventim Apollo in London will not be affected. Arne Fritz, vice president venues & real estate, will take over Appel’s venue business. Tilman Wink will assume the role of general counsel and head of the legal department from 1 April. “I am extremel ..read more
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New legislation could mandate all-in pricing in UK
IQ Magazine
by James Hanley
23h ago
All-in ticket pricing could be mandated in the UK as part of proposed legislation passed in the House of Lords. The Digital Markets, Competition and Consumers Bill had its third reading yesterday (26 March), which included an amendment relating to “drip-feeding” of additional ticket fees by Lord Malcolm Offord. “This amendment… requires a trader to set out in an invitation to purchase the total price of a product including any mandatory fees, taxes and charges that apply to the purchase of a product rather than ‘drip-feeding’ such amounts during the transaction process,” it reads. The Bill wi ..read more
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The Great Escape announces keynote speakers for 2024
IQ Magazine
by Lisa Henderson
23h ago
The Great Escape has confirmed Pulp’s Jarvis Cocker as one of the keynote speakers of the newly revamped conference. The UK music industry event returns to Brighton from Wednesday 15 May to Saturday 18 May, with the Council of Music Makers (CMM), The Night Time Industries Association (NTIA), BBC Introducing and Youth Music each set to curate a day of the programme. On the Saturday of the conference, Cocker will present Biophobia, a special climate-themed talk about getting to grips with nature. The session will be presented by EarthPercent, the charity founded by Brian Eno to help the music i ..read more
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Ed Sheeran to headline Euro 2024 fan festival
IQ Magazine
by James Hanley
1d ago
Ed Sheeran is to headline a 90,000-cap fan festival two days before the start of the UEFA European Football Championship in Germany. Co-promoted by FKP Scorpio and agency Pro Events, FAN FEST EURO 2024 be staged at Theresienwiese in Munich on Wednesday 12 June. Tickets will cost €95 for the show, which will also star Nelly Furtado, Mark Forster and Dylan. The general sale starts tomorrow (28 March). The performances will also be screened live by sponsor Deutsche Telekom on its MagentaMusik and MagentaTV platforms. The company is offering priority tickets for the event to customers as part of ..read more
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Oz festival woes deepen with SITG cancellation
IQ Magazine
by James Hanley
1d ago
Australia’s festival crisis has deepened following the cancellation of the long-running Splendour in the Grass (SITG). The festival, held at the North Byron Parklands in Yelgun, New South Wales, was due to take place from 19-21 July, topped by Kylie Minogue, Future and Arcade Fire. But just two weeks after unveiling the bill, Live Nation-backed organiser Secret Sounds today confirmed that it has called off the 2024 edition, blaming “unexpected events”. “We know there were many fans excited for this year’s line-up and all the great artists planning to join us, but due to unexpected events, we ..read more
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Thailand imports another international festival brand
IQ Magazine
by Lisa Henderson
1d ago
Thailand is set to import a second international festival brand after securing a deal to bring Japan’s Summer Sonic to Bangkok. Belgium’s Tomorrowland will also plant its flag in the Southeast Asian country, in 2026, it was recently revealed by a spokesperson for the Thailand government. The renowned EDM event may take place in Thailand for 10 consecutive editions, according to spokesperson Chai Wacharonke. The announcement comes soon after the government revealed ambitions to become a ‘strong hub’ for international concerts and festivals, in a bid to increase event-driven tourism. Prime mini ..read more
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Artists and managers back calls for UK ticket levy
IQ Magazine
by James Hanley
2d ago
Artists and managers have backed the Music Venue Trust’s (MVT) calls for a compulsory £1 levy on tickets sold for UK live music events above 5,000-cap. Music Managers Forum vice-chair Kwame Kwaten and Featured Artists Coalition (FAC) CEO David Martin both expressed their support for the proposal during evidence sessions held in parliament today by the Culture, Media and Sport Committee to explore the ongoing crisis in the grassroots music sector. Back in January, the MVT revealed in its annual report that 2023 was the worst year for UK venue closures since its launch a decade ago, with 125 ve ..read more
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Keychange reveals impact over last five years
IQ Magazine
by Lisa Henderson
2d ago
Gender-equality initiative Keychange is set to reveal a new report evaluating the impact it has made over the last five years. Keychange was launched in 2018 by PRS Foundation and six partners from across the European live music industry to increase the representation of women and gender-diverse people across the industry. This goal has been addressed through initiatives such as the Keychange Pledge, which encourages music festivals and organisations around the world to sign on and participate in the Keychange Talent Development programme. Between 2018 and 2024, pledge signatories have grown ..read more
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Young Fathers to headline and curate 15k-cap gig
IQ Magazine
by Lisa Henderson
2d ago
Edinburgh hip-hop group Young Fathers are set to headline and curate a huge all-day concert in Scotland. The 15,000-capacity event will take place on 29 June at Stirling City Park, which is located between Glasgow and Edinburgh and within an hour’s travel time for 50% of Scotland’s population. The summer show will see the Mercury Prize winners – who have also won the Scottish Album of the Year Award three times – play their biggest headline show in Scotland to date. DF Concerts is set to promote the event, having already announced that its Summer Sessions concert series would take place in St ..read more
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