BOCA RATON, Fla.--(BUSINESS WIRE)--Dynasty Sports and Entertainment today announced a major expansion of its ticketing and services operations for the concert ticket industry and the appointment of Schuyler Hoversten as the company’s President of Music. Dynasty Sports & Entertainment is a technology and services provider that helps content holders automate the pricing, distribution and fulfillment of more than $3 billion in tickets through primary and secondary exchanges annually. The company is committed to promoting full collaboration between artists, venues, and fans. Dynasty turns secondary exchanges into primary box offices, selling tickets directly where the buyers shop.
Hoversten most recently served as Chief Revenue Officer of LiveXLive Media, (NASDAQ: LIVX) a global digital media company dedicated to live entertainment. Prior to LiveXLive, he was the co-owner and inaugural president of LA KISS pro arena football team with rock legends Gene Simmons and Paul Stanley, overseeing sponsorship, ticketing, merchandise, marketing and game entertainment initiatives. He previously oversaw business development for the Los Angeles Dodgers for four years.
Industry dynamics have historically opened the door for ticket resellers to compete directly with rights holders for the sale of concert tickets, reducing revenue for rights holders and damaging the fan experience. Dynasty’s revolutionary suite of services and technology eliminates these challenges by creating an experience that benefits all parties, maximizing revenues and creating a positive fan experience for music fans. Dynasty’s platform is particularly impactful in the weeks leading up to an event when resellers often undercut the box office and compete directly with rights holders.
“Dynasty is a powerhouse in the sports ticketing world, and I am excited about the potential to bring our technology and know-how to the music industry,” Hoversten said. “Dynasty’s technology and services are used by the majority of primary and secondary exchanges in the U.S., and we feel that the concert industry is a natural fit for the company as we continue to evolve and grow.”
“The summer concert season is extremely important. Every year, 52% of the U.S. population attends a live music event, which is why this is the perfect time for Schuyler to join us as we roll out the music side of our business,” according to Dynasty CEO Cole Rubin. “With Schuyler running our music division, we anticipate working with artists this summer to help them sell more tickets directly to their fans.”
About Dynasty Sports and Entertainment
Dynasty Sports and Entertainment is the largest technology and services provider dedicated to helping content holders and professional sellers automate the ingestion, pricing, distribution and fulfillment of tickets to live events, empowering them to maximize their revenue and achieve their attendance goals. Dynasty recently secured a growth investment from Zelnick Media Capital (ZMC). The company is based in Boca Raton, Florida, and is privately held.