CNBC's Julia Boorstin speaks to Live Nation CEO Michael Rapino, about the summer concert season and growth in the industry. Rapino says it's been a record year for stadium concerts.» Read More
Stocks closed near session-lows Friday with the Dow falling below the 12,000-mark to finish lower for the sixth-consecutive week amid further signs of a global economic slowdown.
Stocks pared some of their earlier losses, but were still poised to finish lower for the sixth-consecutive week—the longest losing streak since 2002.
The ticketing business took a turn for the worse last year — ticket sales down by double digits. Now Live Nation Entertainment and Groupon are teaming up to rev up the business with a whole new business model, launching a joint venture, called 'GrouponLive.'
Concert promoter Live Nation Entertainment and online deal site Groupon are forming a venture to develop an online ticketing deal Web site called GrouponLive.
Len Blavatnik’s Access Industries has snagged Warner Music Group for $8.25 a share, according to a person familiar with the matter, ending a three-month auction process featuring a dozen bidders.
Last week, we interviewed Ticketmaster CEO Nathan Hubbard right after the company's announcement of dynamic ticketing. Since tickets are such a big part of being a sports fan, we're continuing that series today — an interview with the CEO of StubHub, Chris Tsakalakis.
Earlier this week, Ticketmaster announced that it was partnering with a company called MarketShare to bring dynamic pricing to the tickets it sells. We've seen plenty of variable ticket pricing in which teams set different tiered prices based on what team they are playing, but dynamic pricing is more like airline pricing...
Ticketmaster's CEO Nathan Hubbard knows he's got a major problem. Ticket sales were down by double digits, and 40 percent of seats went unsold last year. Now, he has a solution, one he unveiled on CNBC's "Power Lunch" today. It's 'dynamic' ticket pricing, a technology developed with a company called MarketShare.
As the three-month auction for Warner Music Group draws to a close, Yucaipa Companies is the frontrunner. Its $3 billion plus bid would beat a recent offer of $2.8 billion by BMG, a KKR and Bertelsmann joint venture. Both bids are for the whole company.
E-tickets have long been integrated into the world of air travel. It was first done in 1996 as a more convenient way to travel. For the airlines, it also reduced printing costs. But the move to electronic tickets didn't impose new terms on the consumer, which is not the case in the world of concert and sports tickets. Companies that have encouraged teams and artists to use their digital platforms have a further, more dangerous pitch from the fan's standpoint: With digital, you can better control the flow of who gets what ticket, what they can do with it and whether you can make money off the transfer.
We’ve been told repeatedly that Charlie Sheen’s “My Violent Torpedo of Truth” tour sold out in a record 18 minutes on Ticketmaster. Oh, really?
After looking things over, AEG decided not to use Ticketmaster's software. Instead, it has teamed up with Outbox, a company partly owned by Cirque du Soleil. Within two years, tickets to events at all AEG venues will be sold using Outbox.
As you may know the Dow looks like it will end the year up about 11%. Not too shabby – unless you compare that to the performance of small and mid-size companies.
Liberty Media CEO Greg Maffei has been busy, between finalizing his swap with Diller's IAC, and planning ahead to when Starz contract with Netflix expires.
What follows is a roundup of corporate earnings reports for Thursday, Nov. 4.
Stocks regained some ground in the last few minutes of a volatile session, but closed lower as traders continued to consider the Federal Reserve's plans to lift the U.S. economy. DuPont and American Express fell, while HP rose.
Stocks sank in the last hour of the session as traders continued to consider the Federal Reserve's plans to lift the U.S. economy. DuPont and American Express fell, while HP rose.
Stocks slid Wednesday in the absence of major economic or earnings news, as investors continued to weigh the Federal Reserve's next moves.
Stocks were mixed Wednesday in the absence of major economic or earnings news, as investors continued to weigh the Federal Reserve's next moves.