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Live Nation Revenue Soars As Concert Ticket Sales Recover
Live Nation said it experienced its “best first quarter ever,” driven by strong buying trends at Ticketmaster. In the three months ended March 31, Ticketmaster recorded its second highest gross transaction volume, excluding refunds, in the company’s history, with an estimated 111,292 tickets sold. The segment added seven million net new tickets in the quarter. […]
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Live Nation Accused of Shutting Out Venues That Don’t Use Ticketmaster
Ticketmaster and parent company Live Nation Entertainment are again being accused of violating antitrust laws by monopolizing ticket sales. This time, a group of plaintiffs from California, Ohio and Florida has filed a putative nationwide class action accusing the companies of coercing venues into boycotting competing ticketing platforms and deploying unconscionable arbitration agreements. Pointing to […]
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Ticketmaster’s Arbitration Policy Again Enforced in Dispute Over Pandemic Refund Policy
Ticketmaster has convinced another California federal judge that fans who are unhappy over pandemic-related event cancellations and delays have to arbitrate their claims, this time in a suit from a fan who was angry about not getting a refund for tickets to a Rage Against the Machine concert that was indefinitely postponed.
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Live Nation Gets Credit Rating Downgrade at S&P Global
Live Nation Entertainment has been hit with a credit rating downgrade from S&P Global Ratings.
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Ticketmaster Furloughs Hundreds of Employees as Part of $500 Million Cost Reduction Plan
Ticketmaster has furloughed hundreds of employees across multiple offices in North America, marking the first major employment cuts at the Live Nation-owned concert company in the face of the COVID-19 crisis.
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Ticketmaster Hit With Class Action Lawsuit for Allegedly Encouraging Scalpers
Ticketmaster and Live Nation are facing a class action lawsuit that alleges the companies not only ignore scalpers who buy tickets in bulk but also make it easier for them to resell their tickets at higher prices because they collect a fee on both the initial sale and resale.
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Taylor Swift Gets Ticketmaster to Delist Reputation Tour Resale Tickets in Final Sales Push
A lack of sellouts for tours led by Swift and Jay-Z highlights a growing competition between artists and scalpers.
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Ticketmaster, StubHub and the Battle Over the Future of Ticket Pricing
StubHub and Ticketmaster, long-time rivals, unite in support of the BOTS Act, a law that could curtail mass digital purchases and inflated resales.
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Adele Ticket Blowout Frustrates Fans, With Ticketmaster Taking the Heat
But according to a source at the firm, Ticketmaster "did not crash and performed very well, in spite of truly unprecedented demand."
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Ticketmaster Agrees to $400 Million Settlement in Consumer Class-Action Suit
Credit will be offered to 50 million ticket buyers who were charged "order processing fees" that were secretly profit centers for the company.
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Ticketmaster President Nathan Hubbard Exiting Company
Ticketmaster North America president Jared Smith will assume the position after Hubbard's exit is finalized in the coming days.
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Tom Petty Offers Fans Full Refund for Concert Cut Short
Those who purchased tickets for the June 8 Fonda Theatre show "deserved to experience the entire performance," writes the band in a statement.
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