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The long proposed merger between Sirius Satellite Radio and XM Satellite Radio has finally been realized on July 29 with the new company to be known as Sirius XM Radio, Inc. XM shareholders will receive 4.6 shares of Sirius common stock for each share of XM. As promised when the merger was first announced, existing radios will continue to work and every subscriber has the option of maintaining their current service package.
The company also reiterated guidance for the combined Sirius XM Radio. Based upon a preliminary analysis, the combined company expects to realize total synergies, net of the costs to achieve such synergies, of approximately $400 million in 2009; to post adjusted EBITDA exceeding $300 million in 2009; and to achieve positive free cash flow, before satellite capital expenditures, for the full year 2009. The company also expects that both synergies and adjusted EBITDA will continue growing beyond 2009.
"TicketNetwork Direct Partners with Orbitz to Distribute Event Tickets"
Vernon, CT (TicketNetwork) July 25, 2008 - TicketNetwork, a leading source for the ticket industry’s most comprehensive inventory, today announced that Orbitz.com (www.orbitz.com) has partnered with TicketNetwork Direct to provide Orbitz customers with the option to buy tickets to events in conjunction with airline, car rental or hotel stays (http://tickets.orbitz.com).
Consumers visiting Orbitz.com will have direct access to TicketNetwork’s event inventory, and can easily find tickets to premier events by clicking on the activities tab located alongside Orbitz.com’s hotel, flight, cruise and vacation package search and booking tools.
Jason Green has been named general manager of the Richard M. Borchard Regional Fairgrounds in Robstown, TX, where he will be will be responsible for the venue’s day-to-day operations, including the Central Pavilion Arena, two 50,000 sq. ft exhibit halls, a 20,000 sq. ft. ballroom and an open air equestrian center. Green will also work closely with the Nueces County on expanding the Fairgrounds to include the much talked about proposed Heritage Events Center.
"Jason comes highly recommended by Global Spectrum," said Oscar Ortiz, Nueces County Commissioner Precinct 3, in a statement. "I am looking forward to working with him and the rest of the local Global Spectrum staff to make the Fairgrounds a successful regional venue. His strong management and numbers background will make for a creative and effective program."
TicketNews' top-selling events rankings for the week of July 21 released today show the Eagles perched atop the Top Combined Events and Top Concert Events charts for the first time.
Promoting their album "Long Road Out of Eden," the Eagles are number one with a 4.54 power score, slightly ahead of the Yankees' second place 4.51 power score. Wicked, no longer in its accustomed number one spot, is the number three event, power score 4.48. Jersey Boys make a stronger showing this week, at number five (they were at number six in previous rankings), bumping the Jonas Brothers down to number seven. The Boston Red Sox and the Chicago Cubs are still selling comparatively strong; they're at numbers four and six, respectively, and in the Top Sports Events rankings, they come in at numbers two and three.
"LIANA FARNHAM NAMED VICE PRESIDENT, CONCERT MARKETING, MSG ENTERTAINMENT"
New York, NY (MSG Entertainment) July 28, 2008 – MSG Entertainment (MSGE) announced today that Liana Farnham has been named vice president, concert marketing, where she will oversee the marketing of all concerts, family shows and attractions in New York, and outside markets including Chicago.
“As MSG Entertainment continues to grow our core business both within New York and across the country through new venue acquisitions, we need to ensure that we are reaching our expanding customer base in new and innovative ways,” said Kristina Heney, Senior Vice President Marketing, MSGE. “I am pleased that Liana is bringing her impressive industry experience to MSGE’s team, and am confident she will help spearhead effective and creative marketing initiatives that differentiate our product in an increasingly competitive environment.”
Among the first things any ticket broker should do when developing or expanding their business is to hire an attorney to help them navigate the choppy waters of commerce, according to panelists during a discussion on tickets and the law at Ticket Summit 2008 in Las Vegas over the weekend.
As the ticket industry evolves, especially throughout the secondary ticket market, dealing with legal issues is becoming more time-consuming and complicated, particularly where the Internet is involved.
"viagogo signs exclusive deal with promoter to sell VIP tickets for 1Life concerts"
London, England (FREAUD COUMMUNICATIONS) July 25, 2008 - viagogo has signed an exclusive deal with Question Mark Entertainment to become the Official VIP and Premium Ticketing Partner for the 1Life charity concerts in Manchester and Newcastle later this summer.
The first event will see over 15 acts including M People, Cornershop, Lethal Bizzle and more play to 20,000 people in Heaton Park, Manchester on Saturday 30th August.
The deal is the latest in a series of innovative partnerships that viagogo has struck with the music industry, which now includes record companies like Warner Music, artists such as James Blunt and Madonna and promoters Live Nation and now Question Mark Entertainment. It is further evidence of the dramatic shifts in the live music sector and the industry’s acknowledgment of the central role that the secondary market is playing.
While acknowledging that paperless tickets – primarily e-tickets and those delivered via cell phones – is the wave of the future, a group of electronic ticket company executives Thursday admitted that several issues surrounding the use of paperless tickets are still being worked out.
The executives addressed some of the issues of hard and paperless tickets at a morning discussion panel on the subject during the first day of Ticket Summit 2008 at the Venetian Resort Hotel Casino in Las Vegas. They agreed that there will likely always be hard tickets, whether for people or corporations who want a tangible copy for souvenirs or other reasons, they also believe that the use of paperless tickets will continue to grow dramatically in the coming years.
AOL Music has unveiled Tour Tracker, a free web service presented by American Express that lets music fans track their favorite artists and bands on tour. The site includes special incentives to buy tickets, including discounts for American Express card members.
The newly launched site, accessible from the AOL Music main page, provides fans with a single online site to stay updated on band or artist tours and to discuss everything from set lists to favorite show moments to places to meet afterwards. The site also provides music industry executives a useful window to monitor interest in a particular artist or tour beyond ticket sales.
"AudienceView selects Impact Mobile to provide mobile ticketing and mobile marketing services"
Las Vegas, NV (AudienceView Ticketing and Impact Mobile) July 23, 2008 - AudienceView Ticketing announced today that it will partner with Impact Mobile to expand its in-venue offering to provide mobile ticketing as well as mobile live event marketing services. With this new partnership, AudienceView will be able to offer a fully integrated in-venue mobile experience.
Speaking about the deal, Impact Mobile’s CEO, Gary Schwartz said, “We are very excited to work with AudienceView to enhance their offering to the market. Mobile is a personal touch point with the consumer and will allow Audience View to create a one-to-one relationship with their global client base.”