|
|
| Live Nation Entertainment - Ticketmaster Slammed in UK Sunday Times |
|
The Sunday Times ran a front page article and multiple page investigation into the secondary ticket market which gets its tickets from promoters, primary ticket sites and even the artists themselves. Industry sources estimated that the official endorsement of ticket touting means as many as one in five tickets ends up on tout websites and is resold at an average mark-up of 60%. At many events the best seats are never even offered at the official box office. ... Even charity tickets are being resold on Get Me In!. Ticketmaster was the official online box office for the Help for Heroes charity concert at Twickenham in September, featuring Robbie Williams and Gary Barlow of Take That, as well as Tom Jones. The tickets it sold clearly stated on the back they were “not for resale”. The same tickets, however, were put up for sale on Get Me In! at an average price of £106. The face value of the tickets ranged from £46.75 to £80. And not surprisingly Rob Wilmshurst, chief operating officer at See Tickets, another online agency that sells about 9m tickets a year, said he could not see how Ticketmaster can be poacher and gamekeeper.
However, Ticketmaster insists in the article that it never provides tickets directly to Get Me In!, but does promote the company on its website to fans unable to buy tickets at face value. The Sunday Times investigation also claimed:
Eric Baker, the founder of Viagogo, insists his site has helped legitimise the resale of tickets and provide an open and secure marketplace. “Tout is a very charged term,” Baker said. “People have to understand we’re a solution to touts.” Viagogo says about half of the tickets on the site are sold for less than face value. Fans are also charged processing fees, however. Some MPs believe ticket touting should be investigated again. Sharon
Hodgson, Labour MP for Washington and Sunderland West, has tabled a
private member’s bill aimed at clamping down on the secondary market.
Related Articles: Live Nation Unloads U.K. Theatre Division for Approximately U.S. $160 Million Live Nation
, the world's largest live music company, recently announced that it has
closed the sale of its remaining U.K. theatrical venues and operations
to The Ambassador Theatre Group, an owner and operator of regional
theatres in the United Kingdom. In addition, on October 23, 2009,... Live Nation Reports Strong Third Quarter Results Live Nation (NYSE: LYV) released financial results for the three months ended September 30, 2009 today.
“We generated robust organic growth from our operations during the third quarter as we focused on executing our fundamentals with excellence during the peak concert season,” said... Live Nation, Ticketmaster profits take a hit due to Proposed Merger
Live Nation and Ticketmaster
Entertainment Inc. both stated that their earnings were hurt by
costs related to the proposed deal, which is expected to continue into 2010 as
regulators examine antitrust issues.
Comcast Jumps into Ticketmaster Live Nation Merger Fray According to recent reports from Bloomberg, Comcast is looking to help ease the Ticketmaster Live Nation merger by massaging and lobbying for the marriage. Comcast is the largest U.S. cable operator and controls an
arena-management as well as a ticketing company.
Promoter Louis Messina raises new concerns about Ticketmaster and possible scalping activities Allegations have been swirling for months about Ticketmaster's potential scalping of their own concert tickets. Louis Messina, Nashville area promoter and president of TMG/AEG live, is the latest to add his voice to the growing chorus of concern.
Ticketmaster Signs Exclusive Deal to Provide Ticketing Services for the 2010 Women's Rugby World Cup Ticketmaster, a Ticketmaster Entertainment, Inc. (NASDAQ:TKTM) company,
is proud to announce it has signed an exclusive deal to provide the ticketing
services for the 2010 Women's Rugby World Cup.
|
In an article coined,