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
Live Nation/TM Partner with Hertz in Australia, New Zealand Markets
Live Nation and Ticketmaster Australasia, both Live Nation Entertainment companies, has announced an exclusive multi-year partnership with Hertz to become the exclusive car rental brand partner across Australia and New Zealand. Ticketmaster and Live Nation fans in both countries will be provided with special Hertz offers. In addition, Hertz... Read more
Live Nation Entertainment Elects Maverick Carter to Board of Directors
Live Nation Entertainment (NYSE: LYV) today announced the election of Maverick Carter to its Board of Directors. With a wealth of experience across the business, marketing, entertainment, and media sectors, Carter has become an important figure in the sports and talent landscape. As LeBron James’ longtime business manager, Carter... Read more
NATB Applauds FTC Workshop on Ticketing; Slams Ticketmaster “Anticompetitive Practices”
The National Association of Ticket Brokers (NATB) issued a statement applauding the recent announcement that the Federal Trade Commission (FTC) would be holding a “workshop” in the spring of 2019 to examine the ticketing marketplace. In his statement, Gary Adler, Executive Director and Counsel of the NATB, calls it... Read more
Senators Moran, Blumenthal Question Ticketmaster Practices
United States Senators Jerry Moran (R-Kan.) and Richard Blumenthal (D-Conn.) have composed a letter with several questions for Live Nation Entertainment CEO Michael Rapino in the wake of last week’s CBC/Toronto Star reporting Ticketmaster resale practices. The chairman and ranking member of the U.S. Senate Commerce Subcommittee on Consumer... Read more
Ticketmaster Facing Class-Action Lawsuits for Alleged Anti-Consumer Policies
At least two class action lawsuits are brewing against Ticketmaster in the wake of this week’s reporting by the CBC and Toronto Star on the company’s pro-broker resale operations. One stems from a Regina, Saskatchawan-based lawyer who told CTV he has been working on the lawsuit for six months.... Read more
Reps. Pascrell, Pallone Call for FTC Crack Down on Ticketing
Representatives Bill Pascrell, Jr. (D-NJ) and Frank Pallone, Jr. (D-NJ) released a letter sent to Joseph Simons, the Chairman of the Federal Trade Commission (FTC), calling on the agency to crack down on what they perceive to be anti-consumer practices present in the industry on both the primary and... Read more
Live Nation Presents Women Nation Fund For Female-Led Music Businesses
Live Nation has announced their establishment of the Women Nation Fund, which will help provide for female-led music businesses worldwide. Not only is the company setting up the fund, but it will also allow underrepresented female entrepreneurs who are working in concert promotions, events, and festival spaces the opportunity... Read more
Live Nation a Monopoly? “Very Smart Assessment” Per CEO (in 2015)
In the wake of Sunday’s bombshell piece on A1 of the New York Times outlining potentially anti-competitive practices in place by industry giant Live Nation Entertainment and subsidiary Ticketmaster – and the potential that they are being examined by the Department of Justice – a response was inevitable. It... Read more
NY Times: Justice Dept. Looking Into Live Nation/Ticketmaster Practices
The United States Department of Justice is looking into the operating practices of Ticketmaster and parent Live Nation related to its behavior in the marketplace since the live entertainment giants merged in 2010, according to a New York Times report published on Sunday. Reported by Ben Sisario and Graham... Read more