LiveXLive revenues grew in Q2 but its losses widened slightly

US digital music company LiveXLive has published its latest financial results, which show that its revenues grew by 25.1% year-on-year to $9.5m in the second quarter of 2019. However, the company’s net losses also widened slightly, from $10.8m a year ago to just under $11m last quarter. LiveXLive’s cost of sales, at $9m, accounts for nearly […]

LiveXLive reports $9.2m of revenues but a $9.7m loss in Q1

Music firm LiveXLive, which focuses on streaming concerts as well as its Slacker audio-streaming service, has published its latest quarterly financial results. The company’s revenues grew by 29% year-on-year to $9.2m in the first quarter of 2019, although its net loss grew too: from $9.5m in Q1 2018 to $9.7m last quarter. LiveXLive also says that […]

Ticketmaster launches ‘SafeTix’ feature for digital tickets

Ticketmaster has unveiled a new feature for its digital-ticketing technology, called SafeTix. It’s about tying every ticket to the buyer’s smartphone via “an encrypted barcode that automatically refreshes every few seconds”, as well as NFC technology (if supported by their phone) that means they can ‘tap in’ when entering venues. “For fans, SafeTix will provide the […]

Galas over gigs? The future for foreign bands playing in China

It’s getting more expensive for foreign artists to play live in China, thanks to new tax regulations on overseas performers and ticket sales. That’s bad news at a time when ever-more western artists are eyeing China with intent, thanks to the boom in legal music-streaming services owned by companies like Tencent and NetEase. Now Chinese […]

Instrumental signs data partnership with Coda for talent spotting and development

Instrumental – which describes itself as a “data science-driven talent discovery business” – has partnered with live agency Coda to offer data on and insights into the fastest-growing acts that are self-releasing as well those on major or indie labels. Instrumental will create bespoke tools for Coda that will track acts across a variety of […]

Report on UK live market has lessons for other countries too

The UK’s Commons Select Committee on Digital, Culture, Media and Sport (DCMS) has published its report on the future for the UK’s live-music industry, suggesting that despite a “boom” in concert and festival attendance, there are “stark challenges” for the market. While the report is focused on this one particular country, we think there are plenty […]

Stage is the latest startup planning live concerts in VR

Things have gone a little quiet around music and virtual-reality technology in recent months, don’t you think? There are still startups developing the technology with apps and services up and running, but the hype around VR possibly being The Next Big Innovation for live music has certainly died down. Perhaps partly as the interest in […]

New organisation takes aim at ticket-touting across Europe

Europe has a new campaigning group taking aim at inflated ticket-reselling. It’s called the Face-value European Alliance for Ticketing (FEAT for short) and has been founded by a group of promoters who’ve worked with artists including Adele, Björk, Bruce Springsteen, Ed Sheeran, Iron Maiden, the Rolling Stones and Radiohead among other artists. The new body […]

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