RouteNote Blog » ticket master http://routenote.com/blog The World of Music Licensing and Distribution Thu, 09 Feb 2012 21:52:08 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Live Nation Selling Assets Solely To Repay Debt? http://routenote.com/blog/live-nation-selling-assets-solely-to-repay-debt/ http://routenote.com/blog/live-nation-selling-assets-solely-to-repay-debt/#comments Tue, 03 Nov 2009 18:40:47 +0000 Dashiel http://routenote.com/blog/?p=1738 livenation(1)1ticketmaster_logoYou know it’s tough all over when one of the biggest success stories in recent years is flogging the silver to reduce it’s debts. Live Nation, the biggest live music company in the States, who have been signing massive deals all over in the past couple of years, including those with Madonna,  U2 and Jay-Z. Now the company has divested itself of three profitable London venues; The Lyceum, the Apollo Victoria and The Dominion. The sale is reportedly worth $160 million to the company, allowing them to ‘de-lever’ their balance sheet, or in laymans terms, reduce the operating debt that was previously balanced against the worth of the companies assets. So why the slim-down? Last month there was opposition from the Office of Fair Trading to a proposed merger between Ticketmaster and Live Nation, a move which if allowed to go ahead would create a ‘near monopoly’ in the live music market, the fear being that the merged entity could essentially set the price of live music in the majority of venues across the country without fear of being undercut by any serious opposition, effectively eliminating any threat of competition (sorry if this is baby-speak).

livenation ticketmaster stock comparisonOf course, if one wanted to take a less pessimistic view of Live Nation’s cash raising activities in the context of the proposed Ticketmaster deal, one could comment that the two companies’ stock prices have been essentially mirroring one another since the move was first posited at the beginning of the year, and it’s possible that Live Nation is trying to break this match, make the balance sheets look better and get a little more cash in the coffers, gain a stronger stock price and share buying war chest in advance of permission being granted by the OFC (nothing but the wildest speculation, of course!).

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]]> http://routenote.com/blog/live-nation-selling-assets-solely-to-repay-debt/feed/ 0 O2 Arena Tickets Refunds For The Next 24 Hours http://routenote.com/blog/o2-arena-tickets-refunds-for-the-next-two-days/ http://routenote.com/blog/o2-arena-tickets-refunds-for-the-next-two-days/#comments Thu, 13 Aug 2009 15:13:17 +0000 Simoninja http://routenote.com/blog/?p=1046 this-is-it-michael-jackson-press-conference-450-943437956

Fans of the late Micheal Jackson have just 24 hours left to claim if they want their money back for the tickets they purchased for Michael’s 50 show comeback dates that were to be held in London.

Fans have two realistic options with there now useless tickets. Either keep the ticket, which contain a series of lenticular images and holograms that are set to sour in value in the next couple of decades, in the form of a memento of their fallen pop idle. Or to to contact via the web one of two ticket providers, Ticket Master, and GetMeIn.com in a mad dash attempt at getting through congested servers to try an squeeze out a refund.

Organisers and promoters AEG live issued 8 different versions of the tickets ranging from £50-£75 for a ticket before Jackson died in June. It is still unclear weather or not if the public will ever learn exactly how many of the 800,000 tickets that were issued to ticket holders have been refunded.

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