TETI newsletter | February 24, 2025

🎟️ SeatGeek cuts 15% of its workforce amid IPO plans, Live Nation drops Summer Lawn Pass, and Player 15 Group seeks a new arena naming partner. AI-powered dynamic pricing reshapes ticket sales!

February 24, 2025

TETI newsletter: The Event Ticketing Insider

No bullshit, fresh news only

Stay tuned with the latest developments in the event ticketing sector, covering industry news, technological advancements, and market trends.

The ticketing platform is reportedly cutting 15% of its workforce globally, affecting software engineers and UX specialists across multiple locations including New York City and Berlin. This move comes as the company continues to work towards its IPO, targeting a valuation exceeding $1.35 billion. Despite the layoffs, SeatGeek has recently expanded its partnerships, including adding 10 new MLB teams to its roster. (reading time: 3 minutes)

The parent company of NBA's Phoenix Suns and WNBA's Phoenix Mercury is actively searching for a new arena naming rights partner following recent environmental developments. This move signals significant changes in the venue sponsorship landscape. (reading time: 2 minutes)

Concertgoers express frustration as Live Nation discontinues its popular Summer Lawn Pass program, impacting access to multiple venues throughout the summer season. (reading time: 2 minutes)

🎭 Event Management Strategies

The upcoming WorldPride Music Festival at RFK Festival Grounds demonstrates effective large-scale event planning with multiple headliners and comprehensive crowd management strategies.(Reading time: 3 minutes)

Electronic music brand Afterlife's announcement of simultaneous festivals in North America and Europe showcases innovative approaches to global event scaling and market expansion.(Reading time: 4 minutes)

🤖 Tech & Ticketing

Industry leaders implement advanced AI algorithms for more accurate and responsive ticket pricing strategies, improving revenue optimization while maintaining fair access for fans. (reading time: 2 minutes)

New partnership aims to accelerate global growth

Unprecedented demand drives additional show dates

Innovative approach to maximizing festival talent bookings

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