Richard Vitale, the accountant and friend of Massachusetts Speaker of the House Salvatore DiMasi, was indicted by a grand jury Thursday for allegedly using undue influence to lobby on behalf of Massachusetts ticket brokers. The case has swirled around DiMasi and Vitale for about a year, finally producing the... Read more
The old adage about high demand driving up the cost of any ticket probably didn’t envision the 2008 election as proving the point, but the desire for tickets for the Inauguration of President-Elect Barack Obama is reaching a level of fever pitch that is beginning to make last year’s... Read more
Live Nation, which has seen its stock price drop precipitously this year, bought back about 1.6 million shares of its stock this week as part of its contractual agreement with the band U2. The deal was for $25 million, which represents about a $19 million loss due to what... Read more
“Ticket News Announces Top Ticket Sellers for Week Ending December 13, 2008” December 18, 2008 (Vernon, CT) – TicketNews announces top ticket sellers rankings for the week ending December 13, 2008. TOP 20 OVERALL SELLERS Live Nation, which fell from fourth to sixth place in the overall ranking this... Read more
Despite the rough economic times and the average consumer’s decreasing amount of disposable income, concert ticket sales are up on the secondary market. According to the annual report from secondary resale site StubHub, gross dollar sales and the number of ticket transactions on the site increased by 40 percent... Read more
“StubHub Launches ‘Tickets for Trees’ to Help Restore Forests Across the U.S.” SAN FRANCISCO, CA (BUSINESS WIRE) December 18, 2008 – StubHub, the world’s largest ticket marketplace, today announced the launch of its “Tickets for Trees” program, an effort to plant a tree for every ticket purchased on StubHub... Read more
Touring and ticketing giant Live Nation is being sued by Anthony Iommi, lead guitarist of the veteran heavy metal band Black Sabbath, who is accusing the company of trademark infringement because he claims Live Nation’s Signatures Network subsidiary illegally sold merchandise that carried some of the band’s images. The... Read more
MyCityRocks.com, a “social engagement” site that helps users connect on- and off-line, was recently named one of the top ten most promising IT and Web 2.0 companies at the 6th Annual Rice Alliance for Technology & Entrepreneurship I.T. and Web 2.0 Venture Forum in Houston, TX. The site combines... Read more
“Whatsonstage.com Launches First-Ever Dedicated Theatre Ticket Resale Service With viagogo” London, ENG (viagogo) 16 December, 2008 – Whatsonstage.com, the UK’s leading theatre website, today launched the first-ever dedicated theatre ticket resale service, after signing a deal with viagogo, Europe’s leading secondary ticketing company. The Whatsonstage.com Ticket Exchange provides theatre... Read more
Ticketmaster Entertainment, which has struggled with its stock price after a promising debut in August, is experiencing a significant increase this week in the price of its shares, which trade publicly under the symbol TKTM. At the close of the market today, December 16, the stock was trading at... Read more