- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
- Salesforce.com Brings Facebook and Twitter's Social Capabilities to Businesses
- Sumner Redstone's Companies Face Off Yet Again
- Can YouTube Revolutionize Citizen Journalism?
- What MGM's Sale Could Say About Value of Content
- My Exclusive Interview With Bob Iger
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
More Videos
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
- Salesforce.com Brings Facebook and Twitter's Social Capabilities to Businesses
- Sumner Redstone's Companies Face Off Yet Again
- Can YouTube Revolutionize Citizen Journalism?
- What MGM's Sale Could Say About Value of Content
- My Exclusive Interview With Bob Iger
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
RSS FEED
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wave of Debt Payments Facing US Government
- HP Comes in As Expected; Is It Time to Buy?
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Profit Rises, Matches Guidance
- Paul: Audit the Fed
- The Social Media Gaming Threat
- Nov. 23: Unusual Volume Leaders
- Holiday Travel Outlook
- Cramer: Buy These Banks, If...
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior
- Hewlett-Packard Earnings Rise, Match Guidance
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
Media Money
Text Size 
 |
AP Ticketmaster |
Tickets for the Eagles' upcoming concert will be available without any Ticketmaster [TKTM
Loading...
()
] convenience fees, and if you print your tickets at home, no delivery or handling fees. That doesn't mean concertgoers aren't paying Ticketmaster anything, explained CEO Sean Moriarty in an exclusive CNBC interview. Rather Ticketmaster is working with the Eagles to create an all-in ticketing price, i.e. giving Ticketmaster a cut of the total ticket price.
This partnership between the Eagles and Ticketmaster has come about since the band's manager Irving Azoff became CEO of Ticketmaster Entertainment, the new parent company, when Azoff's FrontLine Management merged with Ticketmaster on October 30. This way the Eagles keep their fans happy and Ticketmaster keeps their cut without sending concertgoers running. If it works the company will institute "all-in ticketing" for many other concerts. It makes sense- why not let people know upfront exactly how much they'll be spending? And with Front Line managing big names like Christina Aguilera and Neil Diamond this could be the beginning of a big plan.
And dumping their much-hated fees is a key way for Ticketmaster to compete with its new rival, Live Nation [LYV
Loading...
()
], the nation's largest concert promoter. In January Live Nation will no longer be Ticketmaster's partner and will become a major competitor, taking about 15 percent of Ticketmaster's revenue with it. Ticketmaster's merging of talent management and ticketing seems to mirror Live Nation's "360", all-inclusive deals with talent like U2 and Madonna partnered with its new ticketing business.
Ticketmaster announced its new ticketing strategy Monday afternoon when reporting its earnings for the quarter ended September 30. While revenue grew 16 percent from the year-earlier quarter revenue dropped 76 percent on higher royalty payments, lower ticket sales and costs from the acquisitions of two subsidiaries.
The company also bore the weight of some severance costs and says it will continue to do more cost cutting. Ticketmaster only spun off from IAC/InterActive Corp [IACI
Loading...
()
] in August, and between the economic downturn and the competition it's been a rough time. I'll be curious to see if a new ticketing strategy and new musician partners can help the company ride out the economic downturn.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes