About Time Out
Time Out is a multi-platform media and e-commerce business with a global content distribution network comprising magazines, online, mobile apps, mobile web and a physical presence via live events and a Time Out market in Lisbon. Using these platforms and its well-established global brand, Time Out seeks to inspire and enable people to experience the best of a city, serving as a guide for food, drink, music, theatre, art, style, travel and entertainment.
The Group’s core proposition is to produce inspirational and entertaining content for its users and to grow earnings from those user relationships through on-site transactions and advertisements from businesses, including brands and local businesses. With ‘‘owned and operated’’ business operations in 65 cities across 14 countries, including key cities such as London, New York and Paris, the Group’s content distribution network seeks to connect consumers and businesses in the leisure, travel and local entertainment sector through business-to-consumer (‘‘B2C’’) and business-to-business (‘‘B2B’’) offerings.
The Group has a presence in a further 42 cities across 25 countries and territories through the Group’s international licensing arrangements. Pursuant to these arrangements, the Group grants rights to third parties to publish print magazines and produce digital content under the Time Out brand, generating revenue through the payment of fees and royalties by third party licensees. The Group generates its revenue primarily from the sale of advertising across print and digital platforms and through e-commerce commissions generated by online bookings and transactions. Since July 2014, the Group has been developing a ‘‘premium profile’’ offering in London and New York, through which it allows businesses opportunities to increase their exposure to the Group’s audience by purchasing additional advertising features on the Group’s platforms for a monthly subscription.