In a move designed to calm some of the concerns of their ticket brokers, Ticketmaster and TicketsNow will hold a one-day conference in Las Vegas with brokers on May 13 where CEOs Sean Moriarty and Cheryl Rosner will answer questions about their companies’ relationship with the secondary ticket industry.... Read more
Although Live Nation will not divulge the specific financials in its deal with Jay-Z that were leaked to the New York Times, reportedly by his handlers, the company did release some interesting information about the global arrangement. The Times said the 10-year deal was worth about $150 million compared... Read more
Peter Chantel, the former Chief Financial Officer of music merchandiser Signatures Network, Inc. (SNI) has filed a wrongful termination lawsuit against his former employers alleging that he was dismissed partly because he had knowledge SNI was “engaged in several fraudulent and unlawful practices” involving ticket distribution. The lawsuit also... Read more
Alan Seiden, a New York basketball legend and former ticket broker, died Saturday, May 3, two and half years after suffering a debilitating stroke. He was 71 years old. Seiden first starred on the basketball court in the mid-1950s for the Jamaica (NY) High School team, leading them to... Read more
Ecommerce and online auction house giant eBay Inc. reported a healthy 22 percent increase in net income to $460 million, or 34 cents per share, for the first quarter ended March 31, 2008, compared to $377 million, or 27 cents a share for the same period a year earlier.... Read more
The legendary Neil Diamond has edged the hit musical Wicked out of the number one position in TicketNews’s exclusive top events rankings for the week of April 28 – May 4, 2008. Diamond rose up from his second place finish last week to oust “Wicked” from its month-long run... Read more
With the Thursday filing of financial documents to the Securities and Exchange Commission, it appears that rapper Jay-Z and Live Nation have finalized a 10-year contract estimated to be worth $150 million. News of the pending deal broke last month, while Jay-Z was beginning his current, sold out tour... Read more
In the state of Massachusetts, like many states before it, ticket resale laws have been a combative political issue, but with many states lifting the regulations on reselling tickets, the Bay State may be the next in line. But, a controversy has erupted over some of the behind-the-scenes moves... Read more
“Qwest Center Omaha Renews Ticketmaster Partnership” OMAHA, Neb. (PRNewswire) May 2, 2008 — Qwest Center Omaha has renewed a long standing partnership with Ticketmaster, the world’s leading live entertainment ticketing and marketing company. Ticketmaster will continue to provide sales and marketing services for Qwest Center Omaha’s full roster of... Read more
Ticketmaster has acquired the assets of SLO Limited, Inc., a leading provider of VIP ticketing services to major touring artists and special events. The company was founded in 2002 by industry veteran Shelley Lazar, who is also its CEO. Financial terms of the deal were not disclosed. SLO has... Read more