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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.”
Twisted Sister founder and guitarist Jay Jay French has created a rock anthem for a new political generation. Recorded by Jay Jay French and Friends, "I Want Barack" is a rewrite using the template of one of the biggest anthems of the '80s and one of Twisted Sister's biggest hits - "I Wanna Rock". "I Want Barack" is a rousing battle cry for Senator Barack Obama's presidential campaign. It is expected to be featured at upcoming Obama rallies.
A lifelong political devotee, French comes from a long line of activists. His mother Evaline French Segall ran the Upper West Side campaign headquarters for John F. Kennedy during his Presidential bid and was later the campaign manager for the first African American woman ever elected to the New York State Senate, Constance Baker Motley.
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.