AEG Confirms Buyout of Partners for Full Ownership of AXS
Industry September 20, 2019
On Thursday, AEG confirmed Billboard’s reporting that it had bought out its former partners to take sole operational control of AXS ticketing, acquiring the outstanding shares from Outbox Holdings and Flash Seats. The move “will allow the company to camptalize on the projected growth of the global online event... Read more
Billboard is reporting that AEG has bought out its partners TPG Capital and Rockbridge Growth Equity, and now owns AXS outright, which will allow it to better adjust to rapidly changing market dynamics in the ticketing ecosystem. Prior to the reported consolidation, all decisions involving the business required unanimous... Read more
At an antitrust enforcement oversight hearing held by the Senate Judiciary Subcommittee on Antitrust, Makan Delrahim, Assistant Attorney General for the Department of Justice Antitrust Division, confirmed that Live Nation (NASDAQ: LYV) is under investigation for alleged anti-competitive behavior and its adherence to a 2010 consent decree. While he... Read more
In August, Live Nation trumpeted that Penn State would be the first university to roll out its much-touted “Safetix” system in the fall of 2019 – but things haven’t gone nearly as smoothly as both sides may have hoped, it seems. A mobile-only and dynamically-changing barcode system, “Safetix” is... Read more
P&G’s Secret Brand to Buy $200K in NWSL Tickets to Bolster League
Sports September 17, 2019
Proctor & Gamble has committed to purchasing 9,000 tickets to help boost attendance at National Women’s Soccer League (NWSL) games this season, tying the effort to its Secret deodorant brand. The ticket purchases will come in blocks of 1,000, one at each home stadium for the nine teams in... Read more
Eventbrite’s Hartz Among Hundreds of CEOs to Sign Gun Control Letter
Legal September 13, 2019
Eventbrite (NYSE: EB) co-founder and CEO Julie Hartz was among the hundreds of CEOs to sign a letter addressed to members of the senate asking a bill be passed requiring background checks on all gun sales and a red flag law allowing courts to issue protection orders in emergency... Read more
Billboard is reporting that the proposed merger between AEG Facilities and SMG has been cleared by the UK’s Competition and Markets Authority (CMA), as well as the U.S. Department of Justice. A formal closing of the deal that would create the world’s biggest company in facility management is expected... Read more
Lawyer Antonio LeMon told reporters that he would drop his lawsuit against the NFL over the controversial no-call that helped the Los Angeles Rams win the NFC Championship over the Saints and book their trip to the Super Bowl earlier this year. LeMon had sued, alleging fraud by the... Read more
Changes in policy by Ticketmaster and the University of North Dakota mean that students who purchase season tickets for the school’s men’s hockey program will not be able to resell them for any games they cannot attend, according to reporting by the Grand Forks Herald. Students learning of this... Read more
With the NFL’s first regular season weekend in the books, stories are rolling in from around the country of frustrated fans and long lines as the league and its main primary ticketing provider – Ticketmaster – shake out the bugs of their new “safetix” mobile-entry (and only mobile) ticketing... Read more
