PathMinder Pty Ltd have partnered with AllUser Industries srl to bring Europe’s most advanced high security portals to the Australian and New Zealand markets. AllUser Industries started to…read more
Ticketmaster prepares for sales integration with Apple Pay
Ticketmaster is gearing up to integrate Apple Pay into its website and ticketing app later this year, according to Apple Chief Executive Tim Cook.
Speaking during the announcement of the technology giant’s quarterly earnings, Cook advised that Ticketmaster will soon allow customers to purchase tickets to events using Apple’s mobile payments platform.
Apple Pay is also reportedly still looking to expand throughout sporting venues, with American football league the NFL planning a rollout in time for the 2019 season.
Ticketmaster’s parent company Live Nation has also advised of a 17% revenue increase to US$1.7 billion to its concerts and sponsorship segments’ record first quarters.
The live entertainment giant’s financial results for the three months to 31st March show a strong start to 2019 with adjusted operating income (AOI) hitting US$115 million, its highest first-quarter figure ever.
Concert fan attendances were up 22%, with tickets sold for 2019 reaching over 49 million, a rise of five% through mid-April.
This led to concert revenue increasing 27%, operating loss improving by seven%, and the firm delivered its first positive AOI first quarter in our concerts business.
Ticketmaster delivered its fourth highest transacted fee-bearing gross transaction value (GTV) quarter ever, trailing only first quarter 2018 and fourth quarter in both 2017 and 2018.
Commenting on the results, Live Nation President Michael Rapino stated “all of our key indicators speak to continued strong consumer demand for our concerts – our attendance growth in the first quarter, acceptance of market pricing, and solid sales for upcoming shows.
“With the combination of this near-term view plus concert ticket sales for the year, sponsorship commitments, and the continued success of the Ticketmaster platform, we expect that Live Nation will deliver double-digit operating income and AOI growth for the full year.”
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
As of 2018, TicketServ operates as SeatGeek Asia Pacific Pty Limited, part of international ticketing platform SeatGeek. Click here to contact SeatGeek Asia Pacific via their entry in…read more
Known as Hydrilla since September 2020 - see www.ausleisure.com.au/suppliers/hydrilla-pty-ltdread more
revolutioniseSPORT is the emerging market leader in online club management in Australia. Whether it is memberships, registrations, events, online sales or governance tools - revolutioniseSPORT is the…read more
Our team believes floors should be beautiful, comfortable, and engineered for safety, even when wet. Life Floor tiles meet six unique performance based standards: slip-resistance, impact absorption,…read more
About Priava's Technology - Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…read more
APT (Advanced Polymer Technology) is the leading global manufacturer of polyurethane-based materials, acrylic coatings and synthetic turf products for sporting and recreational applications. From…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!