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TicketingDOJ 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 |
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 |
ShowClix Lands Funding for Event Ticketing ServiceAuthored by Mark Hefflinger on August 20, 2009 - 7:04am.
Pittsburgh,
Penn. - ShowClix, an online
entertainment event ticketing firm, has raised an undisclosed sum of first
round funding, from Pittsburgh Equity Partners.
FanSnap Raises $5 Million for Ticket Search EngineAuthored by Mark Hefflinger on August 17, 2009 - 6:17am.
Palo Alto,
Calif. - FanSnap, a live event
ticket search engine, has raised $5 million in new funding from Highland
Capital Partners.
iLike Releases Local Concert, Artist-Specific iPhone AppsAuthored by Mark Hefflinger on August 4, 2009 - 12:32pm.
Seattle
- Social music service iLike on Tuesday introduced a new Local Concerts
application for Apple's iPhone and iPod touch, in addition to some 250
artist-specific iPhone applications, for artists including Sonic Youth and Reba
McEntire. The concert application will scan a user's iPod or iPhone, and display
upcoming shows in a user's area based on interests, complete with links to
purchase tickets.
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 |
AOL Music Integrates StubHub Ticket MarketplaceAuthored by Mark Hefflinger on June 24, 2009 - 12:00pm.
San Francisco
- StubHub, the secondary ticket marketplace owned by eBay, announced that it has
partnered with Time Warner's (NYSE: TWX) AOL Music, which will integrate its Fan to Fan
marketplace into AOL Music to offer users instant access to tickets. The deal
will enable AOL Music users to buy or sell concert tickets from almost every
page of the site.
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.
Seatwave Gets $17 Million for European Web Ticket ExchangeAuthored by Mark Hefflinger on June 1, 2009 - 8:11am.
London
- Seatwave, a U.K.-based online secondary ticket marketplace, has landed $17
million in fourth round funding, led by Accel Partners, according to a post on Atlas
Venture partner Fred Destin's blog.
tags: Deals | VC | Accel Partners | Ticketing | Atlas Venture | Seatwave | Mangrove Capital Partners | Fidelity Ventures | Adinvest |
(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.
Ticketmaster Probed on Secondary Sales; Backs Schumer BillAuthored by Mark Hefflinger on April 6, 2009 - 10:13am.
Washington - Ticketmaster (NASD: TKTM)
has been subpoenaed or received requests for information from the Justice
Dept., Federal Trade Commission (FTC) and New Jersey's Attorney General over the
resale of tickets on secondary ticketing websites, Reuters reported, citing
TicketNews.com. Bruce Springsteen and many of his fans complained when they
were recently directed to purchase tickets at greatly inflated prices on
Ticketmaster's TicketsNow secondary ticket sales website before all available tickets
to the concerts on Ticketmaster.com were sold out.
Ticketmaster President & CEO Moriarty Steps DownAuthored by Mark Hefflinger on March 31, 2009 - 11:58am.
West Hollywood,
Calif. - Ticketmaster
Entertainment (NASD: TKTM), whose proposed $2.5 billion merger with Live Nation is currently
under antitrust review, said on Tuesday that Ticketmaster president and CEO
Sean Moriarty has resigned. "While we will miss Sean's leadership and
vision, we are confident that the management team in place, led by Irving
Azoff, will help Ticketmaster continue to grow and prosper," said
Ticketmaster chairman Barry Diller.
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 |
WSJ: Top Artists "Scalping" Own Tickets on Resale SitesAuthored by Mark Hefflinger on March 12, 2009 - 8:54am.
New York
- A number of top music artists, including Neil Diamond, Britney Spears, Bon
Jovi, Celine Dion, Billy Joel and Elton John, are partnering with Ticketmaster (NASD: TKTM)
to sell some premium tickets to their concerts on a secondary ticket exchange
for hundreds of dollars more than face value, The Wall Street Journal reported.
Several managers of top artists and Ticketmaster executives told The Journal
that the company "routinely offers to list hundreds of the best tickets
per concert on one of its two resale Web sites -- and divides the extra
revenue, which can amount to more than $2 million on a major tour, with artists
and promoters."
tags: Music | Ticketmaster | Britney Spears | TicketExchange | Ticketing | TicketsNow | Irving Azoff | Neil Diamond |
Online Ticket Broker RazorGator Lands $7.5 MillionAuthored by Mark Hefflinger on March 4, 2009 - 9:13am.
Los Angeles
- RazorGator, an online ticket broker service, has raised $7.5 million in new
venture capital financing, PEHub.com reported.
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