It's been less than 48 hours since it was publicly announced that Irving Azoff is parting ways with Live Nation, the company he led after creating Front Line, the world's largest artist management company, selling it to Ticketmaster, and merging with Live Nation, and there is no shortage of coverage and commentary on why he left and what he'll do next. . Read More
Los Angeles - Live Nation Entertainment (NYSE: LYV) announced on Monday that it will acquire the remaining stake in artist management firm Front Line Management it did not already own, from founder Irving Azoff and Madison Square Garden, in a deal valued at $116.2 million.
“Through this transaction we will further simplify and consolidate our operating structure,” said Live Nation president and CEO Michael Rapino.
“By acquiring full ownership of Front Line, we expect to benefit from substantial savings related to cash taxes, the elimination of the dividend and operating [...].
Los Angeles - Live Nation (NYSE: LYV) announced on Friday that its Ticketmaster division will acquire ServiCaixa, the largest ticket retailer in Spain, from Spanish financial services firm la Caixa.
Financial terms of the transaction were not disclosed.
The deal will create the largest ticketing company in Spain, through the combination of Ticketmaster Spain — formerly known as TickTackTicket — and ServiCaxia, also known as Serviticket.
It will also allow Ticketmaster to offer tickets through la Caxia’s network of 8,100 ATM machines in the country.
Related Links:
http://tinyurl.com/4sk76u9
http://www.livenation.com
http://www.lacaixa.com
.Los Angeles - Concert promotion giant Live Nation (NYSE: LYV) on Friday announced that its board has named Liberty Media chairman John Malone as interim chairman of the company. IAC head Barry Diller made his resignation as chairman of Live Nation official at a board meeting yesterday, at which time Malone agreed to serve as chairman on an interim basis.
Related Links:
http://tinyurl.com/2ayvevg
http://www.livenation.com
.Los Angeles - Live Nation Entertainment has partnered with Google and HP to develop a "cloud printing" ticketing application, that would let consumers print out tickets they purchase online to a printer at the venue, or any printer in the world, Ticket News reports. The service will reportedly utilize the Google Cloud Print service.
Related Links:
http://snipurl.com/xbk5x
(Ticket News)
http://www.livenation.com
http://code.google.com/apis/cloudprint/docs/overview.html
. 2 commentsLos Angeles - The top executives at concert promotion giant Live Nation and Ticketmaster received hefty bonuses after a merger of the two companies was recently approved, Hypebot reported, citing an SEC filing. According to the filing, new Live Nation Entertainment (NYSE: LYV) CEO Michael Rapino received $3 million; executive chairman Irving Azoff got $2 million; executive vice president Kathy Willard received $1 million; and executive vice president and general counsel Michael Rowles was given $500,000.
Related Links:
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(Hypebot)
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Los Angeles - The U.S. Justice Department on Monday approved the proposed merger between Ticketmaster (NASD: TKTM) and concert promotion giant Live Nation (NYSE: LYV). Under the terms, the company — which will be called Live Nation Entertainment — will divest Ticketmaster’s self-ticketing subsidiary, Paciolan, to Comcast-Spectator, and license its Ticketmaster Host technology to rival concert promoter AEG.
The deal also includes other undisclosed "terms that protect competitive conditions in ticketing and promotions."
The companies said 17 State Attorneys General also participated in the [...].
