AEG Confirms Buyout of Partners for Full Ownership of AXS
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
“Safetix” Shift Leaves Hundreds Locked Out of Black Keys Show
Hundreds of fans were left outside of the first Black Keys’ show in five years, after being told their tickets were not valid when they were scanned for entry. Apparently, promoters had shifted to using Ticketmaster’s “Safetix” system – which features barcodes that rotate on a timer to disable... Read more
Mobile Ticketing App DICE Puts Fans-First With Transparency, Waiting Lists
After completing the rigorous process of scoring tickets to an event, fans are usually left mind-boggled with the added fees and sometimes, they ditch the tickets all together. However, with DICE, fans have options. DICE, a mobile ticketing app which was created to bridge gaps within the ticketing industry,... Read more
Billboard: AEG Buys Out Partners to Take Sole Ownership of AXS
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
OVG Announces International Venue Alliance
The Oak View Group has announced the launch of the International Venue Alliance, which consists of a group of independent entertainment and sports venues. The development, advisory, and investment company, which was co-founded by the former AEG CEO Tim Leiweke and former Live Nation chairman Irving Azoff, launched its... Read more
Indians Fan Fumes After Tickets Cancelled Due To “Broker Activity”
An Indians fan drove from Ontario to Cleveland to attend a match over the weekend, but when he tried to enter the game, he found out that his tickets were cancelled due to “broker activity.” The fan, named Bryan, tweeted about his experience on Twitter. He claimed that he... Read more
Assistant AG Confirms Live Nation Antitrust Investigation
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
Fans Caught Up in NHL Seattle Anti-“Broker” Crusade
The ownership of the yet-to-be-named NHL expansion franchise set to debut in the 2021-22 season in Seattle have taken a hard line early against ticket resale, purging several fans from their season ticket holder deposit list for “possible broker activity.” “We understand that our season-ticket members may, on occasions,... Read more
Fan Fair Alliance Vows More Viagogo Fight, Despite CMA Clearance
Last week, the UK’s Competition and Markets Authority suspended legal action against resale marketplace Viagogo, announcing that it has “addressed outstanding concerns” about proper disclosures on its website for consumers. That, apparently, isn’t good enough for the Fan Fair Alliance. In a letter published by Iq-mag.net, FFA spokesperson Adam... Read more
Report: Merger of AEG Facilities, SMG Clears Regulatory Hurdles
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