The Dutch live entertainment giant reportedly lost €19m last year and is performing well below owner CVC's expectations
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The US ticketer and Broadway promoter are to become part of the Learfield family, allowing Red Lion Hotels to focus solely on its hotel brands
By Jon Chapple on 17 Aug 2017
US ticketing platform Paciolan, itself acquired by sports marketing agency Learfield in June, has announced it is to buy TicketsWest and Broadway show producer WestCoast Entertainment from hotel operator RLH Corporation.
The acquisition, says Paciolan, will enable “TicketsWest to continue to leverage its client-centric, full-service philosophy with a true powerhouse in ticketing, marketing, fundraising and analytics”, while Denver-based RLH (Red Lion Hotels) Corporation, which established TicketsWest as G&B Select-a-Seat in 1987, will refocus on its “core business”.
Dusty Kurtz, who took over as president of TicketsWest in April, will continue to lead the company under Paciolan/Learfield ownership, while Jack Lucas remains president of WestCoast Entertainment.
Paciolan is the second-largest primary ticketing provider in North America, offering white-label ticketing and marketing services to more than 500 live entertainment organisations, 75 performing-arts venues and 100+ professional sports teams and arenas.
“This is an excellent deal for both TicketsWest and RLH Corporation”
“This is an excellent deal for both TicketsWest and RLH Corporation,” comments RLH Corporation president and CEO Greg Mount. “It will provide alignment and synergies to TicketsWest clients and the industry, as well as opportunities to continue growing, while allowing RLH Corporation to focus solely on its family of hotel brands, which has expanded to 13 brands and over 1,100 properties.”
“We are thrilled to add TicketsWest and WestCoast Entertainment as members of the Paciolan family,” adds Paciolan president and COO Kim Damron (pictured).
“As a longtime partner with TicketsWest, we have great respect for their fantastic leadership team and staff who have earned an incredible reputation for delivering excellence in ticketing and marketing services to their clients.”
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