Ticketmaster Picks Up Guns N' Roses, Eagles Tours

October 23, 2008 2:28 PM ET

With the threat of Live Nation's own ticketing service looming on the horizon, Ticketmaster made a big move toward standing its own ground by acquiring the majority share of Front Line Management. With Front Line in tow, Ticketmaster now adds tours by artists like Christina Aguilera, the Eagles, Jimmy Buffett and Guns N' Roses to their roster. Ticketmaster purchased the 30% share of Front Line, previously owned by Warner Music Group, for $123 million and will now call the new enterprise Ticketmaster Entertainment Inc. Primary and secondary ticketing, e-commerce and fan clubs will all fold into the terms of the deal. The venture also placed GNR co-manager Irving Azoff as its new CEO. Ticketmaster bosses likely got nervous after Live Nation wrapped up deals with Jay-Z, Shakira, Madonna and Nickelback, but this new shows Ticketmaster won't be rolling over.

Related Stories:
Live Nation Prepares for Ticketing Venture with New Hire
Ticketmaster Branches Out, Claims Huge Stake of Secondary-Ticket Market by Buying TicketsNow
Ticketmaster Accused of "Price Gouging" in Canada

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Song Stories

“Bird on a Wire”

Leonard Cohen | 1969

While living on the Greek island of Hydra, Cohen was battling a lingering depression when his girlfriend handed him a guitar and suggested he play something. After spotting a bird on a telephone wire, Cohen wrote this prayer-like song of guilt. First recorded by Judy Collins, it would be performed numerous times by artists incuding Johnny Cash, Joe Cocker and Rita Coolidge. "I'm always knocked out when I hear my songs covered or used in some situation," Cohen told Rolling Stone. "I've never gotten over the fact that people out there like my music."

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