AEG
Live Nation Cries Foul, Files Appeal After AEG Renews London Deal
London’s Royal Parks renewed its contract with AEG for concerts at Hyde Park, but Live Nation isn’t having it. According to Billboard, Royal Parks rejected a competing bid from Live Nation and instead renewed its contract with AEG to hold concerts at the park through 2025. The deal was... Read more
AEG Facilities, SMG Merger Finalized To Become ASM Global
AEG Facilities and SMG have officially completed their merger this week to create ASM Global. AEG Facilities, the venue management subsidiary of AEG, announced the deal with the Onex-owned SMG in February, which was just cleared by the UK’s Competition and Markets Authority as well as the U.S. Department... Read more
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
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
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