Matchmaking is invasive, hands-on is preferred, and size is not a success metric, according to the recent SISO CEO Summit. Event organizers are facing new realities disrupting the industry — and possibly improving it for all.
Disney Union Workers to Get 37 Percent Wage Increase
Approximately 32,000 union workers at Walt Disney World will get raises of about $3 an hour by the end of the year and raises of about 37 percent of their current salaries by 2026 under a tentative five-year agreement.
Private Equity Firm Acquires Event Organizer Hyve for $579 Million
Another week, another major acquisition among UK-based event and trade show organizers. This deal marks a milestone in the Hyve Group's evolution through the impacts of the Covid pandemic and the Russia-Ukraine War.
Cvent to Be Acquired by Blackstone in $4.6 Billion Deal
The world's largest event technology company is going private again. Blackstone will soon own Cvent and is bullish on the recovery of events and travel. After an initial offer was rejected, the deal is worth approximately $4.6 billion.
Informa Acquires Trade Show Rival Tarsus for $940 Million
Informa, the world's largest trade show organizer, is acquiring Tarsus, a well-respected competitor. The move will add 160 events and media properties to Informa's portfolio. It will also strengthen its position in China as it prepares for a full return to in-person events in 2024.
Eventbrite to Shed 8% of Workforce
Despite positive financial results, Eventbrite is laying off eight percent of its staff. Its restructuring plan involves relocating development, customer support and operations roles away from the U.S. as well as cuts to real estate.
Hubilo Acquires Badging Specialist Fielddrive
On paper, this deal makes perfect sense. Hubilo is keen to move beyond virtual events and build a strong offering for in-person events. Fielddrive brings innovative badging and on-site solutions. Now the challenge is gaining market share.
Disney’s $1-an-Hour Raise Contract Offer Turned Down
The Service Trades Council Union has rejected Disney’s latest contract offer, saying a $1-an-hour raise is not enough. The historic minimum wage increase at Orange County Convention Center in Orlando, is what unions want as the new standard.