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Ticketmaster Buys Front Line Management, Picks Up Guns N’ Roses, Eagles Tours

10/23/08, 2:28 pm EST

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.

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Ticketmaster Accused of “Price Gouging” in Canada


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Comments

erick | 10/24/2008, 12:50 am EST

Awesome! I love guns n roses and chinese democracy is almost here!!!

Myk | 10/24/2008, 3:59 am EST

Well regardless of how “big” Nickelback, Jay-Z and Shakira are nowadays, looks like Ticketmaster got the real talent with GN’R and The Eagles. They’ll get more music fans than teenage girls and chavs anyway.

fidodido | 10/24/2008, 4:10 am EST

no, it is here…:)

2009 gnr tour???

Flip a Coin? | 10/24/2008, 1:15 pm EST

I am soooooo sick of Ticketmaster. The fees have been out of hand for years, but when you are buying a 12 dollar ticket and Ticketmaster decides to charge you an extra 8-10 bucks on the fees they are not only raping the fans they are raping the bands they are there to serve! Here’s to all the new upcoming ticketing ventures, BURRY TICKETMASTER!!!

hippy | 12/28/2008, 4:16 am EST

READ AXLS LETTER ITS LONG BUT ITS WORTH IT,IT ANSERSD ALL MY ?. AND JUST BACKED UP WHAT I ALREDY NEW,AND OR THOUGHT. GOD BLESS AXL I LOVE YOU FOREVER MAN
PEACE.

Anonymous | 7/1/2009, 3:10 am EST

now we just need the UK to force LN to sell its assets there, freeing up those festivals for – hopefully – a 3rd party ticketeting provider.

LN is actively ridding music of its outlets or avenues that would discover and develop talent. LN Artists is a misnomer that provides “services” the artist that are easily put on a display table, advertised on the ticketing website, and sold to consumers with fees that may have once been justified by a faded memory of a reason, somehow still part of the system like the electoral college, only justified because historically it served some purpose and now conveniently maintains power and continues to be assessed due to greed.

To date LN has publicly admitted the division will acquire as many rights, sponsorship and touring opportunities as possible, for value, for LN’s distribution platform (all its venues/booking, ancillary, concession, merch rights). To date, LN has not cultivated, signed, or otherwise developed artists but has only sought to sign established, past-their-prime performers that are desperate to sell every remaining year available to the lone bidder. In addition to the off-chance the royalties and tours of overrated, aging artists who chose to contribute to the decline of the industry when they had the ability to oppose it due to unexplainable nostaligic but continued commercial appeal and influence over the next generation, LN capitalizes on that appeal to sway the younger groups to commit their more profitable next 10 years. LN also capitalizes on Madonna’s and U2’s tacit consent to fraudulent representation of stock values to misrepresent to investors that popular artists support LN and have faith in strategic plan because LN did not disclose it actually unloaded millions of LN stock shares on M & U2, rather than cash payments or advances and removed the risk to artist by guaranteeing the stock’s value. Leaving the aging musicians to fold despite the 2006 debate over LN’s acquisition of House of Blues and the argument that large competitors and artists would be the only check on the largest live music entertainment promotoer in the US for both large arenas and lower level venues. Artists granting vertical integration rights to the venue paves the way to complete consolidation once ticketing moves in house.

The artists were the last resistence to a self-consuming industry that eventually will have no other competitors to acquire and no other partners to bully into mergers. Rapino’s generalizations and optimistic tones do not change the fact his message of “unlocking profitability” and LN having “proven strategies” is a corporate-retreat-stereotye way of of describing government sanctioned extortion – in 2006 an acquisition was permitted and now the merger likely will not be disrupted by Obama’s administration either.

LN’s ability to squeeze a percentage of profits from individuals who wouldn’t owe LN anything and have nothing no value to gain from LN’s involvement except the ability to access the only live music and recording infrastructure – a prisoner’s dilema that repeatedly fails from the fall of the indepdent national venue HOB to the future mergers & sponsorship agreements on the horizons.

LN also has the ability to harness benefits of short-term memory to reinvent or distance itself from past controversies and wrongful conduct w/a name change, spin-off, merger, or stock sale while not having to give up the literally human connection between its past and its present board/exec and wrongful business practices.

LN avoided scrutiny most recently in the Rolling Stone article demonizing TicketMaster and remaining silent as to LN’s role in creating the appearance of no option other than merger when it announced it wouldn’t renew its TM contract and signed an exclusive deal with TM’s second biggest client. Just before caving, TM resorted to similar methods of unfair practices (gobbling up affiliated sectors in the concert industry and relying on their violation of consumer laws to gain an advantage in ticketing).

LN leverages products it has not right to control but finds ways to corner others and demand a percentage of the profitability of their individual characteristics, such as branding and sponsorship, not because LN created the internet or marketplace, not because it has superior website and online services, but only through steady application of deceptive practices, intimidation, and force that remains uninterupted by antitrust regulations.

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