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Scooped by
John Beech
onto The Business of Events Management May 7, 2024 11:50 AM
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Amid mounting debt and concerns over its current capability to provide essential services for Paris 2024, the French tech giant has been in dire straits since 2020 and just announced May 31 as its deadline to decide on financial restructuring offers.
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With the 2026 Winter Olympic and Paralympic Games concluded, attention has turned to the accounts. The foundation is facing an estimated shortfall of €130 million to €300 million, with final figures due in spring 2027.
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Live Nation, parent company of Ticketmaster, has been ordered to pay $9.9m (£7.3m/€8.4m) to resolve allegations that it misled Washington DC-based customers about ticket prices, charged deceptive fees, and used illegal pressure tactics to force through sales.
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"It doesn't feel like a collaboration," Councillor Monica Rodríguez said, as pressure mounts on organisers of the 2028 Summer Olympics to clarify costs and timelines with just two years to go."
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April 15 – NJ Transit has plans to raise train ticket prices from New York City to MetLife Stadium during the World Cup to more than $100.
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The Scottish Health Action on Alcohol Problems warned that the partnership could increase consumption and described the agreement with the London-based brand JUBEL, which will be served at all venues, as disappointing.
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The US president's administration's proposed federal funds does not include funding for Los Angeles metro's proposal to use thousands of buses to transport fans to the various venues hosting the 2028 Olympic Games.
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Olympic fans hoping to attend the Los Angeles 2028 Games have been left perplexed after discovering a raft of steep extra fees added at checkout, turning what seemed like straightforward ticket purchases into a costly surprise.
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Six months after the agreed deadline, the city and the LA28 organising committee still have not finalised the agreement setting out which extraordinary public services will be provided in 2028, how much they will cost and when they will be reimbursed.
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From
slippedisc
At this precise moment – though it may change by tonight – the Salzburg Festival is headless.
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Harley-Davidson has confirmed its one-night international event, known as “Harley-Davidson Nights”, is going global this month.
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Vivid Seats has forecast declines across revenue and adjusted earnings for the 2026 financial year after lower revenue and marketplace gross order value pushed the company to a net loss in 2025.
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February 25 – International consumer rights organisation Euroconsumers and Football Supporters Europe have reiterated their call to FIFA to drop dynamic ticket prices for the 2026 World Cup.
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July 22 – With 50 days left until kickoff, FIFA is launching another last-minute tickets sales phase for the 2026 World Cup on Wednesday.
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Cunard has announced a landmark moment when all four Queen ships will come together in Liverpool for the first time ever.
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From
www
Campers are being judged for over-the-top tent set ups at this year's festival in California.
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From
slippedisc
A group of Austrian and German plutocrats have let it be known that they are withdrawing funding from the Salzburg Festival over its unjustified dismissal of artistic director Markus Hinterhäuser.
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The organisers of the Los Angeles Olympic and Paralympic Games on Wednesday presented community leaders and business owners with a procurement strategy detailing how they will procure goods and services, with priority given to local and small firms.
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From
slippedisc
Vienna’s former Burgtheater director Karin Bergmann has been appointed ‘unanimously’ by the festival board to be artistic director for the next two years, following the abrupt dismissal of Markus Hinterhäuser.
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Preparations are underway for an event that will see thousands of bikers descend on a Wiltshire town.
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From
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Football Supporters Europe files a formal complaint against Fifa over "excessive ticket prices" and "unfair purchasing conditions" for the World Cup.
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World Class Bike Racing are bringing a new event to the City of London on June 12 and 13
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From
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Department for Culture,Media & Sport This report was authored by Dr Ricky Lawton, Jack Philips and Stephen McSwiney at Ipsos UK, Professor Simon Shibli and Professor Girish Ramchandani at Sheffield Hallam University, Professor Jonothan Neelands and Dr Mark Scott at The University of Warwick .
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March 4 – An updated economic impact study now projects the 2026 World Cup could generate $892 million across Los Angeles County, up nearly 50% from earlier estimates of $594 million.
John Beech's insight:
I'd be more impressed by research into the net, rather than gross, economic impact. In any case, recent events make itall very uncertain.
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Miami-based TicketKings touted returns as high as 87% for potential investors through a plan to resell FIFA World Cup tickets at steep markups, it has been reported.
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