Monday, 23 June 2014
SFX tie up with Viagogo
EDM specialist SFX has announced a five-year alliance with Viagogo which will make the secondary ticketing firm the official ticket resale partner for SFX-promoted events. SFX have also reported revenues of $33.3 million for the first quarter (Q1), up from $10.2m in the same period last year, while the net loss of $63.6m increased from $19.3m in Q1 2013. Attendance at events rose over 100 per cent to approximately 175,000 in Q1 compared to four in the same period last year, but long-term debt jumped to $422.1m from $75m.