A look at the lawsuit filed by promoter Seth Hurwitz against Live Nation is among the stories featured in the latest installment of TicketNews TV (see the video below).
Hurwitz, owner of the famed Washington, DC-based 9:30 Club, had been working on the lawsuit for more than a year filing it in March. In it, he accuses Live Nation of antitrust violations, which the company vehemently denies. The lawsuit is not related to the antitrust investigation launched against Live Nation and Ticketmaster concerning the proposed merger of the two, but Hurwitz was among those who testified before Congress against the $2.5 billion business deal.
Correspondent Kim Crandall also looks at a company called Commerce Holdings, which is seeking to buy secondary ticket brokerages, and the upcoming tours from Taylor Swift and the Pet Shop Boys.
California-based Commerce Holdings has kept a low profile while it reportedly reached out to various secondary ticket companies for possible acquisition. The company hopes to create a single public entity that will compete in the secondary market place, but it has declined to discuss its plans because it does not want to run afoul of the Securities and Exchange Commission.
Swift, the new darling of the modern Country music set, is planning to tour the UK later this year for the first time, and the popular Pet Shop Boys are returning to the road after a long hiatus.
Launched earlier this summer, TicketNews TV is a fast-paced, monthly Web-based newscast that covers the ticket business, with a focus on the secondary ticket market. More videos about TicketNews, and parent company TicketNetwork, can be found by clicking here, or by clicking here.