Ticketing Company Lyte Shuts Down Suddenly

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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: clevelanddotcom - 🏆 301. / 63 Прочитайте больше »

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

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…
Источник: NBCNewYork - 🏆 270. / 63 Прочитайте больше »

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.
Источник: NBCNewsHealth - 🏆 707. / 51 Прочитайте больше »

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