The loss-making streaming service is rumoured to be looking for a buyer within the next 30 days, as its Ticketfly ticket agency posts another quarter of strong growth
Sign up for IQ Index
The latest industry news to your inbox.
UK companies who have yet to work with TheTicketSellers are invited to apply for a slice of the £0.5m investment
By IQ on 01 Oct 2018
As part of its 20th anniversary celebrations, independent UK ticket agency TheTicketSellers has announced a £500,000 fund earmarked for investing with new partners.
The Birmingham-based company, founded in 1998 by Mo Jones and Jimmy Hewson, is marking its 20 years in business by committing to doing ’20 great things’, the first of which is “a huge investment that will be allocated to support UK festivals and events looking for a new ticketing partner,” it explains. “Earmarking a whopping £500,000 to the fund, TheTicketSellers will allocate investment to event organisers they’ve not worked with before who run a ticketed event of any size and would like to work with the team.”
Jones comments: “The last 20 years have been an incredible journey and we are really proud of what we’ve achieved, so for our 20th anniversary we want to celebrate the industry and our place in it. After years of developing our ticketing platform and investing over £1.5 million into [event management platform] Eventree, we are now at a point where we can expand our client list and help even more events streamline their processes.”
“We want to help UK festivals and events grow and become even more successful”
Recipients of the investment will benefit from both TheTicketSellers’ ticketing platform and its ‘on sale to on site’ service, which includes consulting on ticketing structure, 24-hour support agents and an on-site TheTicketSellers team. The company has previously worked with large-scale festivals such as Boomtown and Shambala, as well as clubs and sporting events.
“Since we began the company we’ve always invested in the latest technologies to ensure our clients are offered the most cutting-edge solutions,” says Hewson. We build the software in-house which gives us more flexibility when it comes to meeting client requests and our ‘on sale to on site’ service means we are a true event partner for our clients, always pulling out all the stops.
“With this huge investment we have available, we want to help UK festivals and events grow and become even more successful – now is the perfect time to get us involved and see what we can do to support the future of your event.”
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.