MIAMI, March 1, 2016 /PRNewswire-HISPANIC PR WIRE/ — Alexandre Hohagen, former CEO of Google and Facebook in Latin America and US Hispanics, is joining Nobox, a pioneer full-service marketing agency to continue developing its strong Latin America business, as CEO and Partner. Hohagen will bring his experience with advertising and technology in these markets with the goal to further enhance the agency’s relevancy and footprint for its marquee clients including Netflix, PlayStation, Hotel Tonight, Marriott, Copa Airlines, Royal Caribbean and Volkswagen.

“Nobox’s work for some of the world’s leading brands, bringing relevant digital strategies to Latin America, made it quickly the most consistent digital agency in the region. We were attracted to Nobox because of the combination it brings of creativity and technology, to achieve amazing results for its clients. We are thrilled to be part of it,” Hohagen said.

In addition to Hohagen, Pedro Cabral, founder and former CEO of Agencia Click in Brazil and former Chairman of Isobar Global, will become the new Chairman and Investing Partner, joining Co-Founder Jayson Fittipaldi, who will remain as Chief Creative Officer. Carlos Garcia, Co-Founder and former CEO of Nobox will remain a partner and advisor on innovation as he leads a new venture in marketing tech.

“Through the way Nobox approaches marketing, we are able to deliver solutions in a broad way, allowing us to eliminate media waste; and that is crucial for Latin America companies today,” Cabral added.

Nobox is a full-service marketing agency with more than 15 years in the market. With a philosophy of creating meaningful relationships between brands and consumers, the group has managed to position themselves as leader in creating marketing strategies based on people. With a clear focus on digital and social, Nobox supports brands to achieve their objectives online and beyond.

“Since co-founding the agency with Carlos Garcia back in 2001, our focus has always been on becoming the most relevant digital agency around. The experience that Pedro brings in digital, along with the knowledge in performance marketing and success that Alexandre has reached spearheading the launch of both Google and Facebook in the Latin American and US Hispanic markets, are the perfect combination to take our work to the next level,” said Fittipaldi.

“Having Alexandre as our partner at Nobox is a validation of the success of this independent agency and its potential,” said Garcia. “Welcoming Pedro and Alexandre to our partnership puts Nobox in a fast track to work with the world’s largest brands and contribute to their success at the highest level.”

Growth is a big objective to Nobox, which will now broaden its offering as part of the considerable change ahead. In 2016, Nobox has the opportunity to continue developing in the US Hispanic and Latin America region, even though some markets are going through tough times: “We see a big opportunity in Latin America. We believe that now is the perfect time for us to grow, especially as some markets struggle. Our approach is very much focused on impact and results; and that’s exactly what clients will be focused on moving forward,” Hohagen said.

ABOUT NOBOX
Headquartered in Miami, Nobox is a full-service marketing agency that combines creativity and technology to connect global brands with consumers in ways that will move the business needle. It provides results driven marketing strategies and campaigns focused in Latin America and the US Hispanic Markets, for clients as Netflix, PlayStation, Marriott, Copa Airlines, Royal Caribbean, Volkswagen, Hotel Tonight, and REV Group.

Media contact:
Maria Alejandra Ghersi [email protected]

LONDON, March 1, 2016 /PRNewswire-HISPANIC PR WIRE/ — MoneyGram (NASDAQ: MGI) and Post Office Limited celebrated a milestone in their successful long-standing business alliance by marking their 20-year relationship and their 20-millionth money transfer transaction today at a ceremony at London’s British Museum. Pam Patsley, MoneyGram’s executive chairman, joined Paula Vennells, chief executive officer for the Post Office, to host the day’s events.

As part of the celebration, MoneyGram and the Post Office also introduced a new “MoneyGram Plus” card program to enhance the customer experience, saving time and making transactions even more convenient. “MoneyGram Plus” allows both the sender and receiver information to be stored in the MoneyGram system, thereby simplifying the process for repeat transactions.

“This is a significant milestone and a very proud moment for all of us at MoneyGram. The 20-year business relationship we are celebrating today is a testament to the strength of a shared commitment MoneyGram and the Post Office have to each other and most importantly to our customers,” said Patsley. “We are excited to continue working closely with the Post Office to provide customers with simple and convenient access to financial services they depend on and trust.”

The Post Office, which serves over 17 million people a week, has been a MoneyGram agent since 1996, providing MoneyGram money transfer services in more than 11,500 branch locations across the UK. It is MoneyGram’s largest agent network in Western Europe.

“Through our successful 20-year relationship with MoneyGram, we have made sending or receiving money around the world easier and, with the introduction of new services, this will get even easier,” said Vennells, chief executive of Post Office.  “With our 11,500 branches, Post Office is the largest UK retail network with extensive operating hours and over 3,000 branches open seven days a week making it convenient for MoneyGram customers to access a wide range of services at a time that suits them. We are delighted to be part of the new service launch on the same day as we celebrate our 20-millionth transaction together.”

According to the World Bank, the UK is home to nearly 8 million immigrants. The biggest diaspora groups moved to the country from India, Poland, Pakistan and the Republic of Ireland. The World Bank data reveals that in 2014, an estimated $2.5 billion USD was sent from the UK and $1.8 billion USD flowed into the country.

#moneygramnews

About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect customers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.

About Post Office
The Post Office (Post Office Limited) has an unrivalled national network of over 11,500 branches across the UK, more than all the high street banks combined, and sits at the heart of communities in Northern Ireland, Scotland, Wales and England. The Post Office has made a commitment to maintaining its network of branches at its current size and reach. It provides around 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.

The Post Office serves over 17 million customers a week and a third of small businesses. Some 99.7% of the total population live within three miles of a post office and over 97% live with one mile of a post office. For many rural communities, the post office is the only retail outlet. Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information, visit www.postoffice.co.uk.

Media Contact:
Michelle Buckalew
[email protected] 
+1-214-979-1418

LOS ANGELES, Feb. 25, 2016 /PRNewswire-HISPANIC PR WIRE/ — Live Nation Entertainment (NYSE: LYV) today released financial results for the three and twelve months ended December 31, 2015. 

2015 Record Year

2015 closed as a record year for Live Nation, driving financial and operating results.  Revenue, adjusted operating income, or AOI, and free cash flow all grew 11% for the year, at constant currency, and we delivered record ticket volume of 530 million.

We continue to see the tremendous power of live events, with strong global consumer demand.  Live is a truly unique entertainment form – it cannot be duplicated.  It is elevated, not threatened by technology and is borderless.  Fans around the world can now discover, follow, share and embrace artists, creating greater demand for live shows.

We believe the live business sector will continue to have strong growth for years to come as fans globally drive demand, artists are motivated to tour, and technology drives conversion.

Live Nation Concerts Deliver Record Year

Live Nation Concerts continued to grow its global market share, adding five million fans globally in 2015, for a total of over 63 million fans while promoting 25,000 concerts, up 12% from last year.  We built on our global leadership position in every part of our business, with more fans in both North America and internationally and across our full portfolio of arenas, amphitheaters, festivals, theaters and clubs.  The ongoing flow of new artists also continues to re-energize the business and in 2015, 13 of our top 20 selling artists were new from the previous year.

We see growth continuing into 2016, and through February 19th, ticket sales are up another 5% year-on-year, driven by 18% growth in amphitheaters and 47% growth in stadiums.  We are confident we will again see strong growth in fan demand across our business this year.

Fans more than ever find the live experience, from club shows to stadiums, a top entertainment choice and the best way to celebrate their favorite artists and share the experience with other fans.  This, combined with an ongoing shift of consumer spending towards experiences, is helping drive the structural increase in demand for concerts globally.

Live Nation’s Advertising Division Drives Growth in 2015

Our high-margin advertising business grew 17% in 2015 at constant currency, increasing both onsite and online advertising as we built our global sponsor base by 20% to almost 900 brands.  Onsite advertising drove the majority of our growth for the year, as we increased advertising per fan by 8% by continuing to develop new products for sponsors at our events, along with the benefit of high growth in our festivals.

We continued leveraging video content from our concerts, generating over 300 million views in 2015 on Live Nation web and mobile apps and through our distribution partners at Yahoo, Snapchat, YouTube and Apple.

We currently expect continued advertising AOI growth at historical levels in 2016, with over 60% of our budgeted advertising for the year already sold, and pacing ahead of last year at this time by double-digit levels.

Ticketmaster Delivers Record Year

For the fifth straight year, Ticketmaster grew its ticketing volume and gross transaction value, or GTV, with GTV up 12% at constant currency.  Delivering $25 billion in GTV, Ticketmaster continues to be one of the top global e-commerce sites, operating in 22 countries.

In 2015, secondary ticketing continued to be a major focus, now operating in 13 countries and delivering 34% growth in GTV for the year to $1.2 billion, at constant currency.  Fans have continued to say their main goal is simply to get a ticket to the show or game they want and as a result, integrated inventory conversion was 38% higher than primary only offerings.

As we focus on improving the fan buying experience, there continues to be a rapid shift to mobile devices as the preferred purchasing platform.  As of the end of 2015, over 21 million fans have downloaded one of our apps, a 37% increase over last year.  This drove a 20% increase in mobile ticket sales for the year to 21% of total tickets.

Entering 2016, the Ticketmaster marketplace is better positioned than ever as the ticketing leader in 16 countries.  We have grown our client base each year over the past five years, and combining the primary and secondary marketplaces has substantially increased the inventory available to fans.

We have heavily invested in online and mobile products to increase visits to our sites and conversion.  As a result, already in 2016 we have had three days selling over 900,000 tickets, placing them among the top 15 days of all time, setting us up to deliver robust growth in ticket sales for the year.

2016 Growth Drivers

As I have indicated, the key leading indicators for each of our businesses are up year-on-year into February, pointing to continued strong growth in 2016.  We plan on holding more concerts for more fans in more countries than ever before.  We expect to sell more advertising, both onsite and online.  And through continued product innovation at Ticketmaster, we plan on selling more tickets and driving increased conversion.

Over the last three years, we have grown AOI by 34% and free cash flow by 45%⁽¹⁾; and, we expect Live Nation to continue delivering this level of growth that we have demonstrated over the last several years.  We see the global live sector continuing to be very robust from a supply and demand perspective.

Live Nation continues to be the artist’s number one choice for touring because we have an unparalleled live platform to service their concerts and drive ticket sales to their fans.  Combining a growing global industry with Live Nation’s ability to grow its leadership position, we expect to continue driving long-term value for our shareholders.

Michael Rapino

(1) After adjusting for $26M in tax refunds received in 2012.

The company will webcast a teleconference today at 5:00 p.m. Eastern Time to discuss its financial performance. Interested parties should visit the “Events & Webcasts” section of the company’s website at investors.livenationentertainment.com to listen to the webcast.  Supplemental statistical and financial information to be provided on the call, if any, will be available under the Reports section at the same link.  A replay of the webcast will also be available on the Live Nation website.

About Live Nation Entertainment:

Live Nation Entertainment, Inc. (NYSE: LYV), or Live Nation, is the world’s leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, Live Nation Media & Sponsorship and Artist Nation Management. For additional information, visit investors.livenationentertainment.com.

As of December 31, 2015, total cash and cash equivalents were $1.3 billion, which includes $549 million in ticketing client cash and $403 million in free cash.  Event-related deferred revenue was up 19% to $553 million as of December 31, 2015, compared to $464 million as of the same date in 2014.  Free cash flow was $15 million for the fourth quarter of 2015 as compared to $19 million in the fourth quarter of 2014, and $335 million, up 2%, for the full year 2015 versus $327 million for 2014, all on a reported basis.

Forward-Looking Statements, Non-GAAP Financial Measures and Reconciliations:

Certain statements in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding growth opportunities and demand in the live business, expected advertising adjusted operating income growth levels in 2016, the ongoing shift to mobile devices as the preferred ticket purchasing platform, the positioning of the company’s Ticketmaster marketplace, and the company’s growth prospects and opportunities in 2016 and related plans for increased concert volume, advertising sales and ticket sales and conversion, with strong fan demand.  Live Nation wishes to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements, including but not limited to operational challenges in achieving strategic objectives and executing on the company’s plans, the risk that the company’s markets do not evolve as anticipated, the potential impact of any economic slowdown and operational challenges associated with selling tickets and staging events.

Live Nation refers you to the documents it files from time to time with the U.S. Securities and Exchange Commission, or SEC, specifically the section titled “Item 1A. Risk Factors” of the company’s most recent Annual Report filed on Form 10-K, and Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in the company’s projections or forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements by or concerning Live Nation are expressly qualified in their entirety by the cautionary statements above. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. A reconciliation of each such measure to its most directly comparable GAAP financial measure, together with an explanation of why management believes that these non-GAAP financial measures provide useful information to investors, is provided herein.

Adjusted Operating Income (Loss), or AOI, is a non-GAAP financial measure that the company defines as operating income (loss) before acquisition expenses (including transaction costs, changes in the fair value of accrued acquisition-related contingent consideration arrangements and acquisition-related severance), depreciation and amortization (including goodwill impairment), loss (gain) on disposal of operating assets and non-cash and certain stock-based compensation expense (including expense associated with grants of certain stock-based awards which were classified as liabilities). The company uses AOI to evaluate the performance of its operating segments. The company believes that information about AOI assists investors by allowing them to evaluate changes in the operating results of the portfolio of the businesses separate from non-operational factors that affect net income, thus providing insights into both operations and the other factors that affect reported results. AOI is not calculated or presented in accordance with GAAP. A limitation of the use of AOI as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in the company’s business. Accordingly, AOI should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, AOI as presented herein may not be comparable to similarly titled measures of other companies.

Adjusted EPS is a non-GAAP financial measure that the company defines as net income (loss) attributable to common stockholders of Live Nation Entertainment, Inc. before the impact of accretion of redeemable noncontrolling interests on a per share (basic) basis. The company uses adjusted EPS to evaluate the performance of its operations separate from required GAAP adjustments related to accretion of redeemable noncontrolling interests required in calculating earnings per share, or EPS, on a reported basis. The company believes that information about adjusted EPS assists investors by allowing them to evaluate the per share impact of reported net income (loss) changes in the results of the business separate from certain non-operational items that affect reported EPS. Adjusted EPS is not calculated or presented in accordance with GAAP. A limitation of adjusted EPS as a performance measure is that it does not reflect the impact of the accretion of redeemable noncontrolling interests that are recorded to additional paid-in-capital. Accordingly, adjusted EPS should be considered in addition to, and not as a substitute for, net income (loss) per common share attributable to common stockholders of Live Nation Entertainment, Inc. and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, adjusted EPS as presented herein may not be comparable to similarly titled measures of other companies.

Constant Currency is a non-GAAP financial measure. For the purpose of determining our constant currency results, we calculate the effect of changes in currency exchange rates as the difference between current period activity translated using the current period’s currency exchange rates and the comparable prior period’s currency exchange rates. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations.

Free Cash Flow is a non-GAAP financial measure that the company defines as AOI less maintenance capital expenditures, less net cash interest expense, less cash taxes, less net distributions to noncontrolling interest partners, plus distributions from investments in nonconsolidated affiliates net of contributions to investments in nonconsolidated affiliates. The company uses free cash flow, among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than maintenance capital expenditures. The company believes that information about free cash flow provides investors with an important perspective on the cash available to service debt and make acquisitions. Free cash flow is not calculated or presented in accordance with GAAP. A limitation of the use of free cash flow as a performance measure is that it does not necessarily represent funds available for operations and is not necessarily a measure of the company’s ability to fund its cash needs. Accordingly, free cash flow should be considered in addition to, and not as a substitute for, operating income (loss) and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, free cash flow as presented herein may not be comparable to similarly titled measures of other companies.

Free Cash is a non-GAAP financial measure that the company defines as cash and cash equivalents less ticketing-related client funds, less event-related deferred revenue, less accrued expenses due to artists and cash collected on behalf of others, plus event-related prepaids. The company uses free cash as a proxy for how much cash it has available to, among other things, optionally repay debt balances, make acquisitions and fund revenue generating capital expenditures. Free cash is not calculated or presented in accordance with GAAP. A limitation of the use of free cash as a performance measure is that it does not necessarily represent funds available from operations and it is not necessarily a measure of our ability to fund our cash needs. Accordingly, free cash should be considered in addition to, and not as a substitute for, cash and cash equivalents and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, free cash as presented herein may not be comparable to similarly titled measures of other companies.