Live entertainment ecosystem

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SEGG Media Highlights Concerts.com and TicketStub.com Assets as Ticketing Market Surges Following StubHub's IPO Announcement Targeting a $9.2 Billion Valuation
Globenewswireยท 2025-09-11 12:00
Core Insights - SEGG Media Corporation has acquired Concerts.com and TicketStub.com, capitalizing on the growing excitement in the live entertainment and ticketing sectors, particularly in light of StubHub's IPO aiming for a valuation of nearly $9 billion [1][4] Company Strategy - The acquisition of a 51% controlling stake in DotCom Ventures Inc. for $10 million strategically positions SEGG Media to leverage the expanding global live entertainment and ticketing markets, with the secondary ticketing market projected to exceed $4.8 billion by 2030 [2] - SEGG Media is developing an updated platform for Concerts.com and TicketStub.com to enhance user experience and integrate future businesses within its ecosystem, including Veloce and Quadrant, which collectively attract over 500 million monthly views [3] - The global sports ticketing sector is expected to grow at a CAGR of 9.4% through 2032, supporting SEGG Media's strategy of merging sports, entertainment, and gaming to enhance shareholder value [3] Market Positioning - The acquisition aligns with SEGG Media's vision to create an integrated live-entertainment ecosystem that combines ticketing, streaming, and sports media, thereby strengthening its balance sheet and driving revenue growth [4] - The company aims to engage fans through innovative live events and streaming, positioning Sports.com at the center of its global distribution strategy [3]