West Hollywood, Calif. - As part of media conglomerate IAC's (NASD: IACI) plan to split into five publicly-traded cmopanies, Ticketmaster (NASD: TKTM) announced on Thursday that it has begun independent trading on the Nasdaq under the ticker symbol TKTM.

The company said that being independently-traded will provide a direct relationship with investors, access to capital markets, and alignment between performance and stock price.

"Our focus is going to remain very much the same: to provide absolutely the best products, services, and technology for both clients and fans of live entertainment around the world," said Ticketmaster president and CEO Sean Moriarty.

Also spun-off on Thursday were IAC's HSN home shopping network; Interval Leisure Group; and real estate firm Tree.com.

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