As recommended by the Department of Justice when it approved the Ticketmaster/Live Nation merger, Comcast-Spectacor has acquired Ticketmaster’s Paciolan ticketing division for an undisclosed amount, the parties announced earlier today. Paciolan will operate as a separate entity from Comcast-Spectacor’s New Era Tickets division, the company said, and Paciolan will... Read more
Disappointed by the way the operation has progressed over the past year, Live Nation Entertainment announced Thursday that it was dropping CTS Eventim for ticketing in North America and replacing it with Ticketmaster, which Live Nation merged with last month. Michael Rapino, president and CEO of Live Nation Entertainment,... Read more
Though the company has not officially announced the move, Eric Korman, who was president of Ticketmaster is no longer with the company. Details of the circumstances surrounding his departure, and the exact departure date, are unknown, but his picture and bio have been removed from the Ticketmaster Web site,... Read more
Looking to expand its reach, newly minted Live Nation Entertainment has reportedly signed a partnership deal with discount department store giant Wal-Mart, that will allow Live Nation to sell tickets from select outlets. Details of the deal were not readily available, but according to Billboard, the partnership will launch... Read more
With the merger of its parent company Ticketmaster with Live Nation essentially complete, secondary ticketing company TicketsNow is adopting a new business plan to boost its revenues. On the sales side, the company this week raised the percentage it charges in service fees from 15 percent to 18.5 percent.... Read more
With its merger with Ticketmaster complete, Live Nation this week announced it was opening a new office in Dallas to oversee live music and venue opportunities in Texas. According to the Dallas Observer, long-time concert promoter executive Danny Eaton will head the office, which will primarily work on promotions... Read more
Liberty Media, which already owns about 15 percent of Live Nation Entertainment, has begun a tender offer to boost its holdings in the company to about 35 percent. The conglomerate, run by media mogul John Malone, is offering $12 per share for Live Nation stock, which trades under the... Read more
Ron Bension, a former CEO of Tickets.com, has been tapped as the new CEO of TicketsNow, Ticketmaster Entertainment’s beleaguered secondary ticket company which could be on the block for sale. Ticketmaster and TicketsNow spent much of 2009 defending their business practices following a rash of consumer complaints and lawsuits... Read more
The second-annual Ticket Summit NYC conference and trade show ended late last week with a warning from ticketing industry leaders during a keynote discussion panel: Get ready for a world with a combined Ticketmaster and Live Nation. During the keynote panel, “Then & Now: The Primary Market,” all four... Read more
With its proposed merger with Ticketmaster nearing completion, concert industry giant Live Nation is experiencing a stock bounce. Shares of the company’s stock, which trades under the symbol “LYV,” closed today, January 4, at $9.12, only $0.02 off of its 52-week high of $9.14. The stock’s lowest closing price... Read more