Ticket Industry News
"LIVE NATION COMPLETES SALE OF MOTOR SPORTS DIVISION TO
Los Angeles, Calif. (Live Nation) September 10, 2008 - Live Nation (NYSE: LYV), the world's largest live music company, announced today that it has completed the sale of its Motor Sports division to Feld Entertainment for an aggregate purchase price of $205 million, consisting of $175 million in cash, plus a performance based earn out of up to $30 million. The company will use the net proceeds from the sale to repay borrowings under its revolving credit facility, to permanently reduce a portion of its term loan and to invest in its core music business.
Hard rockers Aerosmith, which recently announced plans for a 2009 tour, may want to consider adding a stop in Hawaii in May to their trek.
That's when the class action lawsuit filed against the band by a group of fans in Hawaii is scheduled to go to trial, according to one of the attorneys involved in the case.
Summer is over and schools are back in session, summer concerts are closing, and baseball season is coming to an end. But with the new football season and a series of fall tours opening in the coming months, the end of summer does not signal the end of fun - and it seems ticket buyers would agree. TicketNews's weekly top events rankings for the week ending September 7 show that tickets to fall concerts and sports events are selling strong.
Overall, baseball has slipped in the rankings as the post-season draws closer. For most of the summer New York Yankees tickets were hot amongst ticket buyers, but this week the team dropped from the top ten. It seems the Dallas Cowboys might take the title of most popular sports ticket, as they rank number two overall, behind Wicked, with a 3.29 power score. Other sports teams ranking highly overall include the Texas Longhorns (number six, 1.67), the New York Giants (number eight, 1.44) and the Miami Dolphins (number nine, 1.43). Other non-sports events that are strong sellers last week were Madonna, who ranks at number three with a 2.20 power score, and Jersey Boys, who follow Madonna with a 1.92 power score.
Following news that TicketsNow was having difficulty fulfilling hundreds of U.S. Open ticket orders this week, rival StubHub called it "ironic" that the official secondary ticket exchange for the Grand Slam tennis event would have trouble getting tickets to paying fans.
According to several ticket brokers, TicketsNow was forced by the United States Tennis Association (USTA) to temporarily suspend selling tickets for the event earlier this week after there were complaints from angry fans who did not receive their tickets. The company fixed the problem, but then hastily crafted a new policy that it would not allow same-day ticket sales for the remainder of the tournament and would only allow tickets to be sold 24 hours in advance. Ticketmaster, parent company of TicketsNow, was still selling same-day tickets during the week.
Among the complaints fans expressed against the company were that they "received the tickets too late, received tickets for seats that were not valid or weren’t as good as agreed upon and, in some cases, did not receive their tickets at all," the BBB said in a prepared
When Metallica plays the 02 in London, ENG on September 15, they will be using Ticketmaster's new paperless ticket system for the first time in Europe. Ticketmaster first used this new technology in the United States on Tom Waits’ Doom and Glitter theatre tour this past June and July.
More than 15,000 people are expected to attend the event but tickets will not exchange hands, because fans will not have to wait at box offices to collect tickets. Customers using a credit card/Visa Debit Card to purchase their tickets will not be sent a ticket but rather, will only be required to arrive at the venue with their credit card and photo ID. Their card will then be swiped, they will be given a receipt, and they will then be granted entry to the event.
TicketNews has released its exclusive venues rankings for the week ending Sunday, August 31, and for the first time in ten weeks, Yankee Stadium does not hold the number one slot. Last minute ticket sales for the U.S. Open Tennis Championship have shot the Arthur Ashe Stadium into the top position, with a dominating power score of 4.59. Madison Square Garden (MSG) moves up one slot again this week to finish at number two, with a power score of 2.71. MSG can thank its steady rise in the rankings to continued strong sales for acts like Madonna, Celine Dion and Neil Young, who will play the final date of his eight-week North American tour there on December 15.
Coming in at number three is the recently dethroned Yankee Stadium with a power score of 2.63. Ranked in the top three TicketNews Top Sports Events for four weeks running, sales of Dallas Cowboys tickets again boost Texas Stadium into the top five venues. This week the Stadium finishes at number four, with a power score of 2.54.
"SEATWAVE ANNOUNCES ACQUISITION OF SKELPER, B.V."
LONDON, ENG (Seatwave) 03 September 2008 - Seatwave, Europe’s largest ticket exchange, today announces that it has reached an agreement to acquire the entire share capital of Skelper B.V. (“Skelper”), the Netherlands-based ticket exchange service. Skelper provides market-leading secondary ticket services for several popular Dutch football clubs and other leading events organizers in the Netherlands and Benelux regions.
As part of the transaction, the two founders of Skelper will join the Seatwave group and continue to run the business as a Seatwave European Division. They will become Co-Managing Directors of Seatwave Netherlands, working with their existing team to ensure the continuity and future growth of the pioneering ticket exchange service in the area.
To say that Curtis Broome, the president of Eventmobile.net believes in his company would be an understatement. Not only does he speak with the excited forcefulness of a true believer, even his business card is in the shape of a cell phone.
Eventmobile.net is a mobile ticketing and event notification service that allows consumers to share information on live music and events, and purchase tickets, from their cell phones and online. Joining the site is free, and Broome is convinced that it signals the wave of the future.
"SEATWAVE ANNOUNCES EXCLUSIVE PREMIERSHIP PARTNERSHIPS WITH FULHAM AND PORTSMOUTH FOOTBALL CLUBS"
LONDON, ENG (Seatwave) 28 August 2008 - Seatwave, Europe’s largest fan-to-fan ticket exchange, today announced two landmark partnerships with Fulham FC and Portsmouth FC, securing exclusive rights to act as the official ticket exchange partner for both clubs.
Marking Seatwave’s first venture into football, the deal will give the company exclusive rights to operate the official ticket exchanges for Fulham and Portsmouth club members, allowing season ticket holders to sell tickets for certain matches they cannot attend. Additionally, registered football club members, will be able to buy tickets from other fans.