Thanks in part to growing online resale marketplaces and new software, the $5 billion ticket scalping industry is stronger than ever.» Read More
Ticketmaster Entertainment is infamous for its ticketing charges. Now it's suffering from a $1.1 billion charge — a goodwill write-down on the decline in its stock. The stock is trading around $4, less than a quarter of its price when it spun off from Barry Diller's IAC/InterActiveCorp in August.
In 2009, media faces a perfect storm—transitioning to a challenging new digital world and a weak economy of unprecedented proportions. Media giants will continue to move from traditional content distribution models to anytime, anywhere, content-on demand.
Following are the day’s biggest winners and losers. Find out why shares of Wells Fargo and Sunoco popped while Legg Mason and China Mobile dropped.
Concert promoter Live Nation is preparing to go from being Ticketmaster's biggest partner to its biggest rival, and it just scored a big coup; a deal that will jump start LiveNation's ticket business.
It's been nearly a year since IAC/InterActiveCorp CEO Barry Diller announced his intention to split up the company into five pieces. It hasn't been an easy process. But it is happening, and the spinoff of four additional publicly traded companies is complete on Thursday.
Following are the week's biggest winners and losers, including a couple of well-known household goods companies, a luxury brand and a couple of techs thrown in for good measure.
Q: On Fast Money's Trader Radar, we look at the stock lighting up screens across Wall Street today. This live events company was formed in 2005 as a spin off from Clear Channel Communications...
LiveNation, the world's largest concert promoter is facing a serious shakeup. The company is "negotiating the exit" of Michael Cohl, the company's chairman, according to the Wall Street Journal.
Cramer makes the call on viewers' favorite stocks.
Jay-Z is close to reaching a $150 million deal with Live Nation that will give the concert promoter a stake in virtually every aspect of the rapper and entrepreneur's career, according to news reports.
Late Friday, a Delaware judge ruled in favor of IAC/InterActiveCorp Chief Executive Barry Diller over Liberty Media's John Malone, in their battle over who controls IAC. But it's no guarantee of what happens next...
Warner Music Group the world's third-largest music company, posted a fall in quarterly profit, hurt by an industry-wide slump in sales as more fans choose to buy songs online rather than physical albums.
With shares of one-time music titan Warner Music Group (WMG) down nearly 60% in the last year, it’s hard to argue that the music industry isn't in “Dire Straits”. But, just this week Live Nation (LYV) inked a deal with Madonna worth $125 million. What do they know?
Madonna is reportedly signing a deal with the publicly-traded concert promoter Live Nation Inc. (LYV). How will the Material Girl change the music biz and can you profit?
Pop star Madonna is close to leaving her long-time Warner Bros. Records label for a wide-ranging $120 million deal with concert promotion firm Live Nation, a source familiar with the talks said Wednesday.
Two giants in the music world are poised to duke it out over the ticket selling business. Although Ticketmaster (IACI) has dominated the concert business for years, it’s apparently hit a wrong note with Live Nation (LYV), a concert promoter. Now they want to start a rival operation. So what’s the trade?
IAC/InterActive Corp's Ticketmaster, the largest U.S. ticket seller, has halted talks to reach a new long-term agreement with concert promoter Live Nation, according to The Wall Street Journal.
‘Tis the season to be ... cautious? According to some investors--the answer is yes. On today’s "Squawk on the Street"--Mark Haines and Erin Burnett spoke with David Sowerby--Chief Market Analyst and Portfolio Manager for Loomis Sayles & Co. He manages the 4-star Morningstar rated Loomis Sayles Tax-Managed Equity Fund.