TopStory

TEG Announces “Strategic Investment” From U.S.-Based Silver Lake
TEG, the Australia-based ticketing and live events promoter and owner of Ticketek, has announced a strategic investment from U.S-based investment firm Silver Lake, which is expected to close this year, pending final conditions including approval by the Australian Foreign Investment Review Board. Terms of the deal, which were rumored... Read more
MGM Resorts Announce $800M Settlement With Route 91 Festival Victims
A settlement was announced Thursday to resolve claims against MGM Resorts related to the 2017 massacre at the Route 91 Harvest Festival in 2017, according to CNBC. The settlement will pay claimants at least $735 million, according to a press release issued by the company. The total settlement may... Read more
Billie Eilish Fans Face Chaos, Delays During Verified Fan Presale
Billie Eilish – the 17-year-old goth pop star – has quickly risen to fame in a short amount of time. Now, as she heads out onto her second round of tour dates supporting her debut record, fans are stuck unsuccessfully vying for presale tickets through Ticketmaster’s Verified Fan program.... Read more
Adler: Black Keys Fiasco Reveals Depths of Ticketmaster Monopoly Moves
High-demand events generate a lot of passion when it comes to accessing tickets and the price of those tickets. Fortunately, a variety of ticket sources, including online marketplaces, offer a safe place for consumers to shop for resale tickets even if a show is sold out. The secondary resale... Read more
eBay CEO Steps Down Amid Push to Spin Off StubHub
eBay CEO Devin Wenig has stepped down in the midst of a push by activist investors to sell off assets, including ticket resale marketplace StubHub, the company announced this week. He has been replaced for the time being with Scott Schenkel, eBay’s senior vice president and chief financial officer.... Read more
TEG Rumored to be Targeted for $1B Purchase by Silver Lake Partners
According to a report this week in the Australian Financial Review, a North American firm is considering purchasing TEG, the leading ticketing and live entertainment industry in the Asia Pacific market. TEG, which owns Ticketek and bills itself as “Asia Pacific’s leading Ticketing, Live Entertainment and Data Analytics business”... Read more
Black Keys No Transfer Disclosure for Wiltern Impossible to Locate
A week ago, hundreds of fans were left in the lurch when they arrived at a Los Angeles performance by The Black Keys. With what most say was zero warning, the band had made tickets to the performance at The Wiltern non-transferrable, meaning any fan who purchased tickets to... Read more
Report: Black Keys Sold $500+ “Premium” Seats at “Fan Club” Show
When contacted about its role in the denial of entry to hundreds of fans who purchased tickets to its show at the Wiltern last week for purchasing tickets on secondary markets, The Black Keys issued a statement condemning “scalpers” who were out to “defraud our fans and steal their... 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
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