AEG
StubHub Is For Sale: How Much Is The Marketplace Really Worth?
By: Eric Fuller StubHub is for sale. Interested? Cramer says it could sell for $10 billion. Quite possibly it’s worth zero. Here’s what you ought to know: StubHub is a resale ticket marketplace owned by eBay. It’s where consumers from around the world buy tickets to events. Before StubHub,... Read more
New $40 Million Kentucky Concert Venue To Open In 2020
PromoWest, one of the world’s largest concert promoters, has announced a $40 million concert venue in Newport, Kentucky that will open in 2020. According to WCPO, PromoWest CEO Scott Stienecker has been trying to build an indoor-outdoor concert venue at The Banks in Cincinnati, Ohio, for six years, but... Read more
AXS Announces PayPal As Official Digital Payments Provider
The AEG-owned ticketing platform AXS revealed its integration with PayPal as its official digital payments provider for tickets sold on the site in the U.S. and U.K. Fans will now have the ability to enter their PayPal account information when purchasing tickets through AXS and can receive payments through... Read more
Columbus Concert Promoter Bought By AEG Presents
One of the largest concert promoters in the world, AEG Presents, has bought out the Columbus concert promoter Promo West Productions. While details of the purchase were not disclosed by privately held companies, a source close to the deal said that the purchase was more than Promo West’s $40... Read more
Ozzy Osbourne Ends Anti-Trust Lawsuit Against AEG
Ozzy Osbourne has officially ended his legal fight with AEG, dropping his anti-trust lawsuit against the company in the wake of its policy change away from “block booking” London’s O2 Arena with the Staples Center in Los Angeles. On Friday, Osborne’s attorney filed a stipulation to dismiss the case... Read more
AEG Venues Drop StubHub In Favor of AXS for Resale
Venues in the Anschutz Entertainment Group (AEG) portfolio are dropping their partnership with StubHub, which saw the eBay (NASDAQ: EBAY) subsidiary serve as the official resale marketplace for those venues since 2012, according to reporting by the Wall Street Journal. Venues affected by this change include the Staples Center... Read more
Judge Allows Ozzy Osbourne’s Antitrust Lawsuit Against AEG to Continue
A judge found in favor of Ozzy Osbourne in the singer’s antitrust lawsuit against AEG, finding against the company’s motion to dismiss the case on the grounds that Osbourne had no standing. Osbourne, who rose to fame as the lead singer of progressive metal outfit Black Sabbath and had... Read more
AXS Announces Resale Platform In The UK With Venues O2, The SSE Arena
AEG’s ticketing system AXS has announced a ticket resale platform in the U.K., dubbed AXS Marketplace, and after partnering with venues O2 and The SSE Arena, Wembley, the company hopes to expand throughout Europe. AXS Marketplace will cap the resale price of tickets at 10 percent above the price... Read more
Detroit’s Majestic Theatre To Receive $1 Million Upgrade, Partners With AEG
Detroit, Michigan’s historic music venue Majestic Theatre will host hundreds of new shows thanks to a $1 million upgrade and a partnership with the concert giant AEG. This three-phase renovation project will upgrade  the concert hall, stage curtains, sound system, the first-floor cafe, and concert ceilings in the venue,... Read more
SMG Europe Hands UK Ticketing Contract Back to Ticketmaster
The UK’s largest arena venue manager, SMG Europe, has announced that it will once again make Ticketmaster, a Live Nation Entertainment company, their official ticketing partner. SMG Europe is a wholly owned subsidiary of SMG and owns multiple arenas and theaters across the country. These include well-known venues like... Read more