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FEATURED ARTICLES ABOUT TICKETMASTER - PAGE 4
TECH
December 20, 2007 |
Concert giant Live Nation says it will have its own ticket-selling service ready by 2009 . It has struck a deal with CTS Eventim, which dominates the ticket business in Europe, to bring the company's platform to the U.S.; CTS will handle Live Nation sales in Europe. LYV says it will sell tickets to its own shows, and will also sell tickets for third-party events. That means that IAC's Ticketmaster, which has handled Live Nation up until now, will not only lose its biggest customer, but it will gain a competitor as well.
August 1, 2007 |
Bashing IAC's Ticketmaster is a grand tradition that dates back to the grunge era. Now the surcharge-happy ticketing service is getting much of the blame for IAC's lousy second quarter; Ticketmaster saw revenue drop 5% and operating profit drop 24%. It might get worse down the line, says blogger Benjamin Lipman , if Live Nation -- the concert giant spun off from Clear Channel in 2005 which accounts for about 20% of Ticketmaster's sales --...
SPORTS
August 23, 2011 |
Anschutz Entertainment Group is launching its own event ticketing service this weekend , creating what some hope will be the first serious challenge to Ticketmaster's dominance. The difference between this and past attempts to break the Ticketmaster monopoly is that the sports and entertainment conglomerate owns or operates more than 100 stadiums and arenas worldwide. Axs, as AEG's service has been dubbed , will soon be the exclusive ticketer at all those buildings, including Los Angeles's Staples Center and (eventually)
TECH
August 23, 2007 |
IAC's Ticketmaster said it doesn't expect to renew its contract with the world's biggest concert promoter Live Nation, Jeff Leeds of the New York Times reports. According to Leeds, Live Nation accounts for a whopping 15% of Ticketmaster's $1 billion in revenue. Live Nation's decision not to renew the contract, which ends in 2008, appears to be based on its desire to sell tickets directly from its own web site. Along with other recent innovations in the ticketing world--StubHub, etc.--this could be a boon to consumers, who have long been saddled with preposterously huge handling fees by Ticketmaster . Of course, Live Nation could always choose to tack on such fees itself.
ENTERTAINMENT
March 19, 2009 |
The proposed merger between Live Nation and Ticketmaster is arguably the biggest story in the music industry, but no one from either company wanted to come to one of the biggest music conferences, this week's SXSW, and talk about it. But it's not because SXSW organizers didn't try to work the story into its four days' worth of panels and seminars, as Chicago Sun-Times music writer Jim DeRogatis reports : Panel organizers worked...
ENTERTAINMENT
March 6, 2009 |
AEG CEO Tim Leiweke slammed the proposed Live Nation, Ticketmaster merger , saying that it is "not good for the industry. " Speaking at a Billboard conference Thursday, Leiweke argued that consumers would end up paying more for tickets once the merger was completed. "I find it ironic that some think this merger will fix the business and result in lower ticket prices," he said. Leiweke claimed the planned combination was "all about the bottom line," but he trusts that the Justice Department, which is currently reviewing the proposed tie-up, "will do the right thing.
SPORTS
December 19, 2007 |
Another sports ticket exchange deal for IAC's Ticketmaster: The company has signed an exclusive, multi-year deal with the National Hockey League to offer a Web exchange for hockey tickets. The service will launch this season, the AP reports , and will primarily compete with eBay's StubHub. Yesterday, Ticketmaster announced a similar deal with the National Football League. Earlier: NFL, Ticketmaster Launching Stubhub Football Rival
ENTERTAINMENT
October 23, 2008 |
UPDATE: According to Ticketmaster and Front Line, the deal does NOT include a provision to exclusively handle ticket sales for Front Line managed artists, as we inaccurately stated below. EARLIER: So much for concerns that dealmaking had ground to a halt in the wake of Wall Street's recent setbacks. Ticketmaster announced last night that it plans to acquire big-name artist-management company, Front Line, giving the ticket retailer the exclusive ability to sell seats at shows by some of music's biggest names . It's also a nice score for Warner Music Group, whose stake in Front Line Ticketmaster is buying for $123 million in cash.
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