“I think we will make each other better,” Tim Leiweke, chief executive of AEG Live, is quoted in The Wall Street Journal saying in relation to the launching of Axs Ticketing on August 27. The “other,” as you might expect, is Ticketmaster. One can only assume that expectations need not be particularly high vis-à-vis the … Continue reading New Ticket “Service” (?)
Live Nation wants a chunk of the last bastion of artist profitabilty: merch.
According to Live Nation‘s Q2 2009 Earnings Call for investors, the concert industry seems to be doing pretty well despite the fact that it’s down a little: Overall, for the quarter our revenue per fan was $78.16 compared to $81.82 in the second quarter of last year. The drop of 4.5 is all because of … Continue reading Live Nation gets $78 per fan
Yep, elections have consequences and after years of hyper capitalism and oversight-free marketeerism, the Big Wigs in Washington are starting to think bigger isn’t always better for the consumer. This week Rolling Stone reports that lawmakers have asked the Department of Justice to review the merger between live event ticketing mega-giant Ticketmaster and event promoter … Continue reading Senate Urges Review of Ticketmaster-Live Nation Merger
Obama‘s Non-State of the Union wasn’t the only action on Capitol Hill yesterday. Executives from Ticketmaster and Live Nation (formerly Clear Channel) went before the United States Senate Judiciary Committee’s Subcommittee on Antitrust, Competition Policy and Consumer Rights to discuss their proposed merger. Jim DeRogatis recaps the hearing for the Chicago Sun-Times: All of the … Continue reading Ticketmaster/Live Nation vs. Senate Judiciary Committee
The Wall Street Journal reports that Ticketmaster and Live Nation are close to a merger: The combined company would be called Live Nation Ticketmaster [How clever! – ed.], and would merge the world’s biggest concert promoter with the world’s dominant ticketing and artist-management company. The resulting firm would be able to manage everything from recorded … Continue reading Ticketmaster + Live Nation + Front Line = New Model? Really?
Live Nation writes its own ticket: Live Nation, which ended talks with Ticketmaster in August, was bullish on the decision, terming it “limited investment.” The key, and Live Nation president and CEO Michael Rapino has repeated this often, is to control customer data, increase the amount of interaction with concert-goers and to capitalize on expanded … Continue reading Live Nation (formerly Clear Channel) Ousts Ticketmaster