Ticket Industry News
Primary ticket selling giant Ticketmaster will officially be spun off and begin trading its stock publicly on August 21, according to a statement issued today from parent company InterActiveCorp (IAC).
Called the world's leading ticket company in TicketNews's exclusive industry rankings, Ticketmaster will trade under the symbol TKTMV on Nasdaq. Other IAC properties being spun off, including TREE.com and HSN, Inc., will also begin being traded publicly on the 21st.
"THAT’S MY TICKET PARTNERS WITH TICKETS FOR KIDS® CHARITIES"
MEDWAY, MA (That's My Ticket) August 11, 2008 — That’s My Ticket, the world’s leading authority on sports and concert ticket displays, has joined forces with Tickets For Kids Charities. In an effort to help the non-profit charity raise funding for lower-income children and their families to experience live educational, sporting, and family events, That’s My Ticket has established an area on its web site allowing customers to make a donation.
“Our customer base knows the joy of attending events. It’s what they do and we have built our business on it,” says That’s My Ticket President Dean Macchi. “Thus, it only makes sense that our customers would want to help send a child to a game or show. One hundred percent of all donations will be forwarded to Ticket For Kids Charities.”
"SEATWAVE APPOINTS RICHARD HURD-WOOD AS CHIEF OPERATING OFFICER AND UK MANAGING DIRECTOR"
LONDON, ENG (Seatwave) August 8, 2008 - Seatwave, Europe’s largest fan-to-fan ticket exchange, announces that it has appointed Richard Hurd-Wood as Chief Operating Officer, and UK Managing Director, reporting directly into Founder and CEO of Seatwave, Joe Cohen. The appointment takes place with immediate effect.
In his new position, Richard will have responsibility for Operations, Product and Technology at Seatwave, in addition to taking over direct report for the UK Profit & Loss Account.
"GET ME IN! LAUNCHES NEW-LOOK WEBSITE"
London, ENG (GET ME IN!) August 5, 2008 - GET ME IN!, (www.getmein.com), the UK's largest open marketplace dedicated to tickets for sports, entertainment, music and other live events, have today announced details of their new-look website.
The site – www.getmein.com - aims to ease the ticket buying experience, with an improved web-browser, now with predictive search and a shorter, more simplified purchase process. The site is now also simpler to navigate around, with the addition of thousands of venue/ seating plans too.
TicketNews's weekly top events for 7/28/08 – 8/03/08 are in, and the rankings show that So You Think You Can Dance? has pirouetted to the top of the charts.
Taking a cue from similar reality television show American Idol (minus the singing, but with better dancing), contestants from So You Think You Can Dance will embark on a 40-city tour this fall. Based on ticket sales that began Saturday, the tour has earned the number three spot on the overall top events chart (power score 2.75) and is the bestselling concert, according to the top concert events rankings (power score on that chart is 6.86). The title of bestselling event belongs to Wicked, closely followed by the New York Yankees.
When Michael Cohl recently resigned from Live Nation and its board of directors to become a consultant, internal changes were imminent. Now, three veteran record executives with the company – Bob Ezrin, Bob Cahill and Bill Hein – were recently let go, all of whom Cohl hired. Ezrin was going to head the record company initiative while Hein was the general manager. But Live Nation never really was going to have a record label in the traditional sense. They were just going to work with albums by artists they signed to 360-type deals, such as Madonna, Jay-Z, Shakira and Nickelback.
Although the recording aspects of the Live Nation Artists deals are still at least 18-24 months away, and how they would release the music has never been defined, the New York Post has reported that Live Nation may outsource the distribution of albums to one or more music labels, maybe even back to the artist's original label. The issue is coming to a head a few weeks after Live Nation's chief executive officer Michael Rapino told the Wall Street Journal they "will outsource it all. We will do nothing in house. We are not in the record-business infrastructure."
The state of New Jersey is set to debate a bill that would force politicians to play on an equal playing field with the average citizen when it comes to ticket resale.
New Jersey State Senator Anthony Bucco plans to introduce a bill that would make it illegal for politicians to resell tickets at prices above face value. Under the current New Jersey state law, it is illegal for average citizens to resell tickets at excessive mark-ups above face value. However, these limitations are waved for politicians, who are allowed to resell tickets at any value under the guise of fundraising.
The Better Ticketing Association (BTA), a membership organization that provides services and resources to ticket brokers, this week signed another partnership agreement, this time with ticket memorabilia emporium That’s My Ticket.
That’s My Ticket is an officially licensed provider of MLB, NFL, NHL, NBA and NASCAR merchandise including ticket frames, cases, stands and archives. Under the partnership agreement, BTA members will receive a 10 percent discount on all merchandise from That's My Ticket.
With a plan that includes aggressive expansion into the secondary and international markets, and $35 million in cost-cutting moves, Ticketmaster believes it has positioned itself to weather the loss of Live Nation's business in 2009.
During an analyst conference call this week, Ticketmaster elaborated on some of its thinking behind its recent corporate decisions, as the firm prepares to be spun off from parent company IAC/InterActiveCorp within the next several weeks. While estimates have varied, the loss of Live Nation's ticketing business represents anywhere from 15 percent to as much as 40 percent of Ticketmaster's $1 billion-plus in annual revenues.
"KROENKE SPORTS ENTERPRISES TO MOVE TICKETING OPERATIONS FOR PEPSI CENTER, DENVER NUGGETS AND COLORADO AVALANCHE TO VERITIX IN 2009"
Denver, CO (Veritix) July 30, 2008 – Kroenke Sports Enterprises announced today that it has extended its long-term partnership with Cleveland-based Veritix, the sports and entertainment industry’s leader in digital ticketing and relationship marketing applications. Currently Veritix is the exclusive provider of ticketing services for Paramount Theatre, Dick’s Sporting Goods Park and the Colorado Rapids. The agreement will expand the existing relationship between the two organizations to include the Pepsi Center, the Denver Nuggets, the Colorado Avalanche, the Colorado Crush, and the Colorado Mammoth, beginning in July of 2009.
“Since partnering with Veritix prior to the opening of our soccer stadium, our expectations have been exceeded time and time again”, said Paul Andrews, Executive Vice President of Kroenke Sports Enterprises. “As we evaluated the future of our entire ticketing operation – and particularly the continued growth of our ticketing services company, TicketHorse – it was clear that only Veritix could provide the necessary combination of innovative technology, brand ownership, and superior service. In the end, the decision to expand the relationship was easy.”