Ticketing Company Lyte Shuts Down Suddenly

  • 📰 billboard
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

México Noticias Noticias

México Últimas Noticias,México Titulares

Ticketing company Lyte, which has increasingly embraced ticket reselling in recent years, shut down its website with no warning last week.

Ticketing company Lyte appears to have gone out of business, shutting down its website, laying off its staff and leaving a number of concert promoters unpaid for hundreds of thousands of dollars’ worth of tickets sold on the platform.has resigned from the company, according to multiple sources, with an emergency board/creditors effort underway to try to identify a potential buyer that could repay the fans and promoters affected by shutdown, which one source said felt akin to being “ghosted.

It wasn’t uncommon for a major indie festival promoter to have several hundred thousand dollars’ worth of ticketing inventory listed on the Lyte system, explained one attorney representing potentially more than a $1 million in cumulative claims against Lyte. High profile clients for Lyte included Baja Beach festival, the Lost Lands festival in Ohio, Pitchfork Music Festival and Newport Folk Festival, although it’s unclear which events are owed money by Lyte.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 112. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Major Ohio-based company stocks rebound, Cleveland company had top growth last weekFour major companies in the Greater Cleveland area experienced stock gains of at least 2.5% last week.
Fuente: clevelanddotcom - 🏆 301. / 63 Leer más »

Central Pa. company’s internal technology division is now a separate companyThe company provides software solutions to assist businesses.
Fuente: PennLive - 🏆 463. / 53 Leer más »

7-Eleven's parent company rejects takeover proposal, says offer ‘grossly undervalues' companyEven if the offer was raised “very significantly,” Seven & i said the bid does not consider the “multiple and significant…
Fuente: NBCNewYork - 🏆 270. / 63 Leer más »

7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ companySeven & i Holdings has rejected a takeover offer from Canadian convenience store operator Alimentation Couche-Tard, saying it “is not in the best interest” of its shareholders and stakeholders.
Fuente: NBCNewsHealth - 🏆 707. / 51 Leer más »

Campbell Soup Company is changing its name after 155 yearsCampbell's Soup Company will now be known as The Campbell's Company.
Fuente: clevelanddotcom - 🏆 301. / 63 Leer más »