CEDIA Reports $15 Million in Global 2016 Revenue; Show Name Reverts to CEDIA Expo
CEDIA had 2016 revenue of $14.9 million, up 10.5 percent from 2015, said Treasurer Giles Sutton on the trade group’s state of the industry webcast Tuesday. It’s the first year CEDIA has shared global consolidated revenue data, said Sutton of…
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the audited 2016 financial report. Revenue for the CEDIA trade show in September grew 43.7 percent, and ISE and other international events had a 35 percent revenue jump, said Sutton. The September trade show will go back to being called CEDIA Expo to provide differentiation between the show and the organization, after the show’s sale to Emerald Expositions in January (see 1701260044) for $36 million. The organization will remain deeply involved CEDIA Expo, said CEDIA acting President Tabatha O’Connor, with next year’s show returning to San Diego Sept. 4-8. CEDIA will move into its new $13.7 million headquarters in Fishers, Indiana, in November, occupying 30,000 square feet of a three-story 40,000-square-foot building, said Chairman Dennis Erskine. The group will rent out the remaining 10,000 square feet, he said. The headquarters facility will be available for member use, he said.