register |
login
| search members submit a classified | request a media kit
connecting people & knowledge
Live NationDOJ to Seek 'Major Concessions' on Live Nation-TicketmasterAuthored by Mark Hefflinger on October 16, 2009 - 8:06am.
 Washington
- The U.S. Justice Dept. is providing "stiff resistance" to the
proposed $1.5 billion merger of concert promoter Live Nation (NYSE: LYV) and Ticketmaster (NASD: TKTM),
and will require "major concessions" from the companies if it is to
approve any deal, The Wall Street Journal reported, citing several people
familiar with the situation. One source said there are elements of the deal in
its current form that would prompt the Justice Dept. to sue to block it from
happening.
U.K. Regulators Oppose Ticketmaster-Live Nation MergerAuthored by Mark Hefflinger on October 8, 2009 - 9:15am.
London - The U.K. Competition
Commission has come out in opposition to the proposed $1.5 billion merger of
concert promotion giant Live Nation (NYSE: LYV) and Ticketmaster (NASD: TKTM), saying it would hamper
competition in the U.K.
market and lead to higher prices. Specifically, the Commission said in its
preliminary report that the deal would "severely inhibit" the ability
of Germany-based rival CTS Eventim to enter the U.K. market.
tags: Deals | Music | Live Nation | Ticketmaster | Acqusitions | Ticketing | U.K. Competition Commssion | CTS Eventim |
Twones Debuts Streaming Music Service AggregatorAuthored by Mark Hefflinger on September 17, 2009 - 11:39am.
Amsterdam
- Twones has launched a private beta of its music site update aggregation service,
which lets users compile lists of the tracks they listen to on disparate
services, create playlists and share with friends. The Firefox plug-in
aggregates listening information from nearly 30 music sites, including imeem,
Last.fm, Blip.fm, iTunes, Pitchfork.tv, Hype Machine, YouTube, iLike, Muxtape,
MySpace and Songza. CNET News.com notes that Twones has received financial
backing from the Netherlands-based arm of concert promoter Live Nation (NYSE: LYV).
WSJ: Ticketmaster, Scalpers Explored Deal to Sink Live NationAuthored by Mark Hefflinger on August 28, 2009 - 9:41am.
 New York
- Current Ticketmaster (NASD: TKTM) CEO Irving Azoff met with a group of leading ticket
brokers in 2007 in a bid to try to corner the market for secondary tickets, just
as rival Live Nation (NYSE: LYV) announced plans to develop its own ticketing service
independent of Ticketmaster, The Wall Street Journal reported. Azoff was still
heading his Front Line Entertainment management firm -- in which Ticketmaster
had a stake -- when he met with six large ticket brokers, and an offer was made
for Ticketmaster to acquire them for as much as $25 million each.
tags: Deals | Music | Acquisitions | Live Nation | Cablevision | Ticketmaster | Ticketing | Van Halen | Front Line Management | Irving Azoff | AEG Live |
Congressman Urges Antitrust Veto of Live Nation-TicketmasterAuthored by Mark Hefflinger on July 10, 2009 - 11:10am.
Washington
- Rep. Bill Pascrell (D-N.J.) asked his fellow Congressmen to join him in
urging the Justice Department's antitrust division to block the proposed $1.5
billion merger of live event giants Live Nation (NYSE: LYV) and Ticketmaster (NASD: TKTM), saying it
will lead to higher ticket prices for consumers, Wired.com reported. "This
merger violates both horizontal and vertical anti-trust principles, and will
undoubtedly lead to higher ticket prices for the average fan," wrote
Pascrell.
tags: Deals | Music | Acquisitions | Live Nation | DOJ | Ticketmaster | Ticketing | Bill Pascrell | Christine Varney |
Live Nation to Offer $24.99 Lawn Seats on WednesdayAuthored by Mark Hefflinger on June 15, 2009 - 11:54am.
Los Angeles - Further expanding its "no convenience
fees" summer concert ticket sales promotion, Live Nation (NYSE: LYV) said on Monday
that it will offer "all-in" $24.99 lawn seat tickets to events at all
of its amphitheaters on Wednesday. The website-only promotion will apply to
Live Nation-ticketed amphitheaters, and users will pay "no additional fees
of any kind" over the listed $24.99 price point.
Live Nation Expands 'No Service Fee Wednesday' PromotionAuthored by Mark Hefflinger on June 8, 2009 - 1:49pm.
Los Angeles
- Concert promoter Live Nation (NYSE: LYV) announced on Monday that it will extend its
"No Service Fee Wednesday" ticket promotion to all shows and all
tickets on June 10, expanding beyond the select concerts and lawn-seats-only
offer from last week. The company said it saw a 500% spike in lawn seat sales
last Wednesday.
Live Nation to Waive Ticket "Service Fees" on WednesdaysAuthored by Mark Hefflinger on June 1, 2009 - 10:19am.
 Los
Angeles - Concert promoter and
venue owner Live Nation (NYSE: LYV), whose proposed $1.5 billion merger with Ticketmaster (NASD: TKTM)
is under antitrust review, announced on Monday that it will eliminate
"convenience" fees normally charged for tickets to some of its events
on Wednesdays this summer. Beginning on June 3, no service fees will be charged
on tickets purchased on Wednesdays for LiveNation.com-ticketed amphitheater
shows by artists including Aerosmith, Coldplay, the Killers, Depeche Mode,
Phish, the Dead and Jane's Addiction.
(RED), Live Nation Team on AIDS Charity ConcertsAuthored by Mark Hefflinger on May 11, 2009 - 12:34pm.
Los Angeles - AIDS in Africa charity (RED) said on Monday that it partnered with
event promoter Live Nation on a slate of 26 concerts that will raise money and
awareness for the charity. The (RED)NIGHTS concert series will take place at
Live Nation clubs across the country, and feature artists including Santigold,
Gomez and Fall Out Boy.
Live Nation Sees 23% Drop in Concert Attendance in Q1Authored by Mark Hefflinger on May 8, 2009 - 9:47am.
Los Angeles
- Live Nation (NYSE: LYV), the concert promotion giant awaiting antitrust approval of its proposed
$2.5 billion merger with Ticketmaster (NASD: TKTM), said this week that attendance at its
North American events was down 22.6% in the first quarter, compared to a year
ago, while reporting a loss of $102.7 million, or $1.29 a share.
Justice Dept. Seeks More Info on Live Nation-Ticketmaster DealAuthored by Mark Hefflinger on March 20, 2009 - 7:18am.
Los Angeles
- Concert promotion giant Live Nation (NYSE: LYV) and Ticketmaster Entertainment (NASD: TKTM) announced
on Friday that they have each received an "expected" second request
from the U.S. Justice Department, for additional information regarding their
proposed $2.5 billion merger.
Azoff-managed Artists Lobby Congress for Ticketmaster MergerAuthored by Mark Hefflinger on March 12, 2009 - 12:49pm.
Los Angeles
- In letters to Congress expressing their support for the proposed merger of
concert promoter Live Nation (NYSE: LYV) and Ticketmaster (NASD: TKTM), several high-profile artists
neglected to mention that they are represented or co-managed by Irving Azoff,
the founder of Front Line Management who also recently became CEO of
Ticketmaster, Hypebot reported. Billy Corgan of Smashing Pumpkins -- who also
testified before Congress this week on the Performance Rights Act -- as well as
Eddie Van Halen, Seal, and several members of Journey all sent letters advocating
for regulatory approval of the merger. However, neither Ticketmaster nor the
artists themselves denoted the connection between the musicians and the
company, according to Hypebot.
tags: Deals | Music | Acquisitions | Live Nation | Ticketmaster | Ticketing | Irving Azoff | Billy Corgan |
Live Blog From House Hearing on Ticketmaster-Live NationAuthored by Mark Hefflinger on February 27, 2009 - 12:39pm.
Washington
- The Chicago Sun-Times provided live blog coverage from yesterday's hearing on
the proposed Ticketmaster-Live Nation merger before the House Judiciary
Committee's Subcommittee on Courts and Competition Policy. Among the highlights
was Chairman Hank Johnson's (D-Ga.) revelation that Ticketmaster is again allegedly
shunting customers looking to purchase face value tickets on Ticketmaster.com to
its TicketsNow secondary ticketing auction site -- this time for Leonard Cohen
concerts as opposed to Bruce Springsteen. "There is a risk that ticket
prices will increase and consumers will be harmed by this merger," Johnson
said.
Lawmakers Grill CEOs on Ticketmaster-Live Nation MergerAuthored by Mark Hefflinger on February 25, 2009 - 8:48am.
Washington - Senate Judiciary Committee members sounded
skeptical on Tuesday at a hearing on potential antitrust issues raised by the
proposed $2.5 billion merger of ticketing giant Ticketmaster (NASD: TKTM) and concert
promoter Live Nation (NYSE: LYV). Senators Orrin Hatch of Utah
and Amy Klobuchar of Minnesota
questioned Ticketmaster head Irving Azoff and Live Nation's Michael Rapino
about the likelihood of ticket prices falling after a merger. "Nothing about this merger is going to force them to
lower prices," testified David Balto, a senior fellow at the Center for
American Progress think tank's Action Fund.
tags: Deals | Law | Policy | Music | Acquisitions | Live Nation | Washington | Ticketmaster | Ticketing |
Congress to Probe Ticketmaster-Live Nation Deal Next WeekAuthored by Mark Hefflinger on February 20, 2009 - 10:27am.
 Washington
- Congress will hold two hearings next week to discuss the proposed $2.5
billion merger of concert promotion giant Live Nation (NYSE: LYV) and Ticketmaster (NASD: TKTM), the
world's largest ticketing provider. The Senate Judiciary Committee's
subcommittee on antitrust issues will hold a hearing on Tuesday, while the
House Subcommittee on Courts and Competitive Policy will discuss the issue next
Thursday.
tags: Deals | Law | Policy | Music | Acquisitions | Live Nation | Washington | Ticketmaster | Ticketing |
Shareholder Suit Claims Ticketmaster Took Lousy Merger TermsAuthored by Mark Hefflinger on February 17, 2009 - 11:42am.
Los Angeles - Shareholders of Ticketmaster Entertainment (NASD: TKTM)
have filed a class action suit against the company, alleging that Ticketmaster
agreed to unfavorable terms in its proposed $2.5 billion merger with concert
promotion giant Live Nation (NYSE: LYV), the Los Angeles Business Journal reported.
Justice Dept. to Investigate Live Nation-Ticketmaster MergerAuthored by Mark Hefflinger on February 11, 2009 - 12:52pm.
Washington
- The U.S. Justice Department on Wednesday announced its intention to
investigate the proposed $2.5 billion merger of concert promoter Live Nation (NYSE: LYV)
and Ticketmaster Entertainment (NASD: TKTM), the Associated Press reports. The Justice
Department previously investigated Ticketmaster during the '90s for its
predominant position in the market for live event ticketing.
Live Nation, Ticketmaster Propose $2.5 Billion MergerAuthored by Mark Hefflinger on February 10, 2009 - 9:21am.
Los Angeles
- Confirming a report in the Wall Street Journal last week, concert
promotion giant Live Nation (NYSE: LYV) and Ticketmaster (NASD: TKTM) on Tuesday announced plans to
merge, in an all-stock transaction valued at $2.5 billion. If approved by
federal regulators, the deal would create the world's largest live
entertainment company, Live Nation Entertainment, which "will have the
tools to expand access, improve transparency and deliver artists and fans more
choice -- driving greater attendance at live events and bringing more value to
all major constituents in the industry," the companies said.
WSJ: Live Nation, Ticketmaster in Advanced Merger TalksAuthored by Mark Hefflinger on February 4, 2009 - 10:17am.
Los Angeles
- Concert giant Ticketmaster (NASD: TKTM) is close to a negotiating an merger deal with
concert promoter Live Nation (NYSE: LYV) -- which is preparing to launch its own rival
ticketing service -- the Wall Street Journal reported, citing people familiar
with the matter. While the companies' respective boards have not yet approved
the deal, it is expected to not include an exchange of cash, and could be
announced as early as next week. The Journal noted that the deal may very well
raise antitrust concerns at the Federal Trade Commission (FTC), given the
companies' positions in the music business.
tags: Deals | Marketing | Music | Acquisitions | FTC | Live Nation | Ticketmaster | Ticketing | 360 Deals |
Blockbuster Stores to Sell Live Nation Concert TicketsAuthored by Mark Hefflinger on December 2, 2008 - 11:03am.
|
Upcoming DMW Events
December 8, 2009 | Santa Monica, CA www.lafilmconference.com 
January 8, 2010 | Las Vegas, NV www.digitalmediainsider.com 
Feb. 24-25, 2010 | New York, NY www.digitalmusicforum.com Events Calendar Submit a Speaker To receive event updates & announcements: 
DMW 100 Financial Index
NavigationUser loginAds |
Daily Newsletter and NetworkingLatest Top Stories
DMW Widget - Grab it and embed!Latest Briefly Noted
PollOur Sponsors
Other Ads |
Recent comments
1 day 11 hours ago
1 day 12 hours ago
1 day 13 hours ago
1 day 22 hours ago
1 day 23 hours ago
2 days 21 hours ago
3 days 4 hours ago
3 days 11 hours ago
3 days 12 hours ago
6 days 18 hours ago