The East Midlands' largest live entertainment venue made almost four times as much money from merchandise sales than from live events
Nottingham's Motorpoint Arena and National Ice Centre reported record sales last year as it managed to eke out a profit despite fewer customers coming to live events. The city council-owned complex in Nottingham's Lace Market, which is the East Midlands' largest live entertainment venue, recorded an all-time high revenue of £40.7 million in its 2023/2024 financial results.
While concerts and events generated £6,481,322 last year up from £6,454,827 the year before, merchandising income reached a record £24,538,849 - which was £7,520,863 more than the year before. The directors of the company explained it had been a quieter year for music and family shows, which was compensated for by the "very strong" performance of sports events and comedy shows featuring stars like Michael McIntyre, Ricky Gervais and Micky Flanagan.
The venue nearly went out of business during its enforced Covid closure from March 2020 to September 2021, with it only saved by a loan of almost £7.4m from the city council. The company's balance sheet has improved by more than £1 million over the past two years of trading, according to Companies House documents.
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