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Ticketing industry expert and Ticketfly co-founder Andrew Dreskin departs his role as chief of Eventbrite’s music division, staying on in a purely advisory position
By Anna Grace on 29 May 2019
Ticketfly co-founder Andrew Dreskin is taking a step back from his role as Eventbrite Music president and will not be standing for re-election to the board of directors as he transitions into an advisory role in early June.
Dreskin became president of Eventbrite in 2017, following the company’s US$200 million acquisition of Ticketfly from Pandora, and joined the executive board in early 2018.
Prior to Ticketfly, Dreskin co-founded TicketWeb, which he sold to Ticketmaster in 2000.
“After more than a decade at Ticketfly, two acquisitions, and all told almost 20 years running ticketing companies, it feels like the right time for me to transition into a different role,” Dreskin told Billboard.
“It has been a tremendous honour to lead both Ticketfly, and Eventbrite’s music division for the past couple years. I have mad respect for the team at Eventbrite and continue to believe that we are building the best music ticketing platform in the world.”
Dreskin adds that he is “stepping down but not stepping out” and has entered into a “new multi-year advisory agreement” with Eventbrite, remaining the “main point of contact” for his existing roster of clients.
“After more than a decade at Ticketfly, two acquisitions, and all told almost 20 years running ticketing companies, it feels like the right time for me to transition into a different role”
“We’re grateful for Andrew’s dedication to leading Eventbrite’s music division since Ticketfly and Eventbrite came together nearly two years ago, culminating in the release of the Eventbrite Music platform late last year,” says Eventbrite co-founder and chief executive Julia Hartz.
“Today’s news does not change our fervent commitment to the independent live music community both in North America and globally, and our clients and the team that serves them remain our highest priority,” states Hartz.
The new Eventbrite Music platform, a ticketing solution aimed at mid-sized independent venues and promoters, launched in November 2018 as the company announced plans to retire the Ticketfly brand. All existing Ticketfly clients will be moved onto the new platform by the end of the year.
The transitioning of Ticketfly to the Eventbrite platform has not proved straightforward. The company cited the integration process as a reason for its “modest growth” in the first financial quarter of this year. Eventbrite’s shares dropped 30% to $17 after releasing its Q1 report, which detailed almost 70% losses as compared to Q1 2018.
Almost a month after the publishing the report, the company’s shares continue to hover around the $16 mark, 30% below its IPO price of $23.
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