Dublin-headquartered ticketing platform Tickets.ie has closed abruptly, leaving several festival organizers facing significant losses.
Backstory:
Tickets.ie was founded in 2004, and acquired by Berlin-based entertainment company DEAG Entertainment in 2022.
DEAG’s latest earnings report made no reference to any financial issues with Tickets.ie.
It is yet to provide an explanation for the company’s sudden closure.
A message on the company’s website states: “Oshi Software Limited, trading as Tickets.ie, has ceased trading and the directors are taking steps to place the company into liquidation and appoint a liquidator over the company. The winding up is being conducted in accordance with the Companies Acts.”
It advises ticketholders for upcoming events to “wait to hear from the relevant event promoter directly regarding their event.”
The fallout:
Digital Music News reports of several recently completed festivals where organizers are unable to withdraw ticket revenue.
Ballinamore’s Cowboys and Heroes festival, the Rory Gallagher International Festival and Rockathon are allegedly owed a combined $673,000/€580,000.
Tickets.ie
DEAG Entertainment
Oshi Software Limited
Cowboys And Heroes
Rory Gallagher International Festival
Rockathon
Festival Risk Management
Ticketing Platform Instability
Festival Financial Losses
Festival Tickets
Festivals
Ticketing Collapse
Company Liquidation
Ireland
Germany
Dublin, IE
Berlin, DE
Ballinamore, IE
👋 Disclosures & Transparency Block
This story was written with information from Digital Music News.
We covered it because it’s news of a prominent ticketing company’s sudden closure.
