live events
Best Balcony In The House: Two Entrepreneurs Look to Reimagine Hotels As Concert Venues During COVID-19
Hospitality veterans Rob DelliBovi and Elana Leaf envision the hotel concerts as immersive, high-end experiences. Hospitality veterans Rob DelliBovi and Elana Leaf have a simple idea to meet the demand of concert fans stuck at home. The concept: host concerts at hotels with multiple floors and have fans watch the show from their room’s balcony. “Out of moments of crisis come great opportunities,” explains Leaf, who, along with Dellibovi and millions of other Americans, has had to make a career shift in the COVID-19 economy. Dellibovi is a successful hotel and travel consultant who has worked with some of the top brands in hospitality, while Leaf is a veteran of live events, marketing and branding with a diverse roster of clients that has included Google, Ni...
Mitch Slater, Concert Promotion Pioneer, Dies at 59
The Delsener/Slater Presents co-founder was a longtime associate of concert business consolidator Robert Sillerman. Mitch Slater, an industry pioneer who helped shape the modern concert promotion business, died on Tuesday after an extended illness. He was 59. “Our bond was as strong as it gets,” Slater’s older brother, former Capitol Records CEO Andrew Slater, tells Billboard. “When he started out in music, I said, ‘If you could be half as good in business as you are as a brother, you’ll be a great success.’ And he far exceeded that mark.” In 1988, Slater partnered with Ron Delsener to form Delsener/Slater Presents, which became one of the most successful independent concert promotion companies in the U.S. “As brilliant as Ronnie was, Mitch brought some real business acumen to it,” s...
CTS Eventim’s Quarterly Earnings: Revenue Down 34.7%, Liquidity Looks Good & More Takeaways
Live entertainment revenue at the German event producer fell 40.4% due to the suspension of concerts across Europe. Europe’s coronavirus crisis took a huge toll on German event producer CTS Eventim in the first quarter, leading to a 34.7% decline in revenue to €184.6 million ($202.1 million) and clouding the outlook for the remainder of 2020. Due to countries’ suspensions of concerts and other gatherings due to the coronavirus pandemic, CTS Eventim’s live entertainment revenue fell 40.4% to €108.6 million ($118.9 million) while ticketing revenue fell 24.4% to €79 million ($86.5 million). CTS Eventim had been growing quickly until the pandemic threw the touring industry into disarray. In 2019, revenue rose 16.2%, and adjusted earnings before interest, taxes, depreciation and amortization in...
