Ticket Ranking News: Top Sellers
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PRESS RELEASE: "Ticket News Announces Top Ticket Sellers for Week Ending October 10, 2009"
October 15, 2009 (Vernon, CT) - In a bid to pay off debt and further align itself with live music venues, Live Nation is reportedly close to finalizing a major deal to sell several theaters in the UK. While the specific terms have not been disclosed, media reports value the deal at more than £90 million, or in excess of $143.6 million. Live Nation currently owns more than a dozen theatres in the UK, including London's Lyceum Theatre and Apollo Victoria, which currently house British versions of "The Lion King" and "Wicked" respectively.
PRESS RELEASE: "Ticket News Announces Top Ticket Sellers for Week Ending September 26, 2009"
October 1, 2009 (Vernon, CT) - As the proposed Ticketmaster/Live Nation merger continues to face scrutiny from the nation's lawmakers, a vocal opponent of the proposed partnership has surfaced in Washington, DC. Dante Ferrando, owner of the D.C.'s Black Cat nightclub, has voiced his displeasure of the potential merger by making a change in how he does business at his 1,000-capacity venue. As of September 25, the popular concert spot will end its long-standing contract with Ticketmaster in favor of a new deal with the Atlanta-based operations of Ticket Alternative. Black Cat has relied on the services of Ticketmaster since it opened its doors in 1993.
PRESS RELEASE: "Ticket News Announces Top Ticket Sellers for Week Ending September 19, 2009"
September 24, 2009 (Vernon, CT) - In a move to further strengthen the company's Nashville music connections, Front Line Management, the Ticketmaster subsidiary created by CEO Irving Azoff, recently bought an undisclosed stake in DS Management, which specializes in representing bluegrass acts. According to TicketNews, the financial terms were not disclosed, but the move follows Front Line Management's complete acquisition of Dale Morris & Associates in early 2009. Dale Morris & Associates is also based in Nashville and represents Kenny Chesney and Big & Rich, among other country music artists.
PRESS RELEASE: "Ticket News Announces Top Ticket Sellers for Week Ending September 5, 2009"
September 10, 2009 (Vernon, CT) - During a Bank of America Merrill Lynch Media, Communications and Entertainment conference, Ticketmaster and Live Nation said they plan to aggressively move into dynamic pricing and paperless ticketing initiatives in early 2010. According to TicketNews, CEOs Irving Azoff and Michael Rapino acknowledged that there will always be a secondary market, but these moves are designed to deliver a negative blow to the resale industry.
PRESS RELEASE: "Ticket News Announces Top Ticket Sellers for Week Ending August 29, 2009"
September 3, 2009 (Vernon, CT) - Under the codename "Project Showtime," Ticketmaster CEO Irving Azoff reportedly tried to drive potential merger partner Live Nation out of the ticketing business by aggressively courting several major secondary ticket companies, according to The Wall Street Journal. Azoff reportedly met with brokers during the summer of 2007 which was at approximately the same time Live Nation was announcing its intention to break away from Ticketmaster as a client.
PRESS RELEASE: "Ticket News Announces Top Ticket Sellers for Week Ending August 22, 2009"
August 26, 2009 (Vernon, CT) - In what appears to be a large-scale action against dozens of ticket brokers all at once, Ticketmaster has begun to systematically block access to its Web site for hours or days at a time. According to TicketNews, the blockages appear to be generally aimed at brokers who heavily access the site looking for tickets, which on the surface might indicate that Ticketmaster believes that these brokers may be using automated software to do so. TicketNews learned that dozens of brokers who claim that they are not using such software have also been blocked, which has taken place periodically over the last couple of weeks.
"Ticket News Announces Top Ticket Sellers for Week Ending August 15, 2009"
August 19, 2009 (Vernon, CT) - Faced with a decline in overall ticket sales and expenses relating to its proposed merger with Live Nation, Ticketmaster reported a seventy percent drop in net income for the quarter ended June 30, 2009, compared to the same period the year before. According to TicketNews, the company's net income for the quarter was $6.9 million, down from twenty-three million dollars in 2008, in part due to the weak economy and about eight and half million dollars in costs associated with the proposed merger.
"Ticket News Announces Top Ticket Sellers for Week Ending August 8, 2009"
August 12, 2009 (Vernon, CT) - The third ranked overall seller Live Nation is facing another lawsuit, this time from Philadelphia festival promoter Popped!. According to TicketNews, Popped! CEO/President Alexis Rosenzweig alleges that Live Nation broke a legally binding contract with the festival when the live entertainment giant cut its ties with the Philly promoter's third annual Popped! Festival. Rosenzweig is also alleging tortuous interference by Live Nation for preventing The Roots from playing at a 2008 Popped! festival. Although The Roots had a deal with Popped!, Live Nation allegedly convinced The Roots to play at a Live Nation event several weeks earlier instead.
"Ticket News Announces Top Ticket Sellers for Week Ending August 1, 2009"
August 5, 2009 (Vernon, CT) - The Board of Directors of media giant Cablevision has approved a plan to spin off Madison Square Garden (MSG), Radio City Music Hall and other assets from its cable television empire, instantly creating a possible future competitor to proposed entertainment partners Ticketmaster and Live Nation. According to TicketNews, the plan which still must receive approval, would make MSG a standalone sports and entertainment powerhouse with control of the New York Knicks, Rangers, Rockettes, The Beacon Theatre, Radio City, Madison Square Garden and MSG cable networks, among other properties. The new entity is valued at an estimated $1.5 billion.
"Ticket News Announces Top Ticket Sellers for Week Ending July 25, 2009"
July 29, 2009 (Vernon, CT) - The efforts of U.S. Rep. Bill Pascrell, Jr. (D-NJ) who is against the proposed merger of Ticketmaster and Live Nation, has yielded signatures from 49 fellow members of the House of Representatives in a letter to Assistant Attorney General Christine A. Varney calling on her and the U.S. Department of Justice (DOJ) to oppose the deal. Varney heads the DOJ's Antitrust Division, which is investigating the planned merger.