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Posted in industry | music on December 20, 2007
Live Nation (LYV): Competing With Ticketmaster By 2009

Concert giant Live Nation says it will have its own ticket-selling service ready by 2009. It has struck a deal with CTS Eventim, which dominates the ticket business in Europe, to bring the company's platform to the U.S.; CTS will handle Live Nation sales in Europe.(thx Adam)LYV says it will sell tickets to its own shows, and will also sell tickets for third-party events. That means that IAC's Ticketmaster, which has handled Live Nation up until now, will not only lose its biggest customer, but it will gain a competitor as well. Live Nation, meanwhile, is pushing to spread out beyond its core concert business, which is a low-margin affair at best. [Silicon Alley Insider]
Posted on December 20, 2007 11:56 AM
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Comments (17)
Big fuckin' whoops. Maybe ticket fees will only be $7 instead of $8. yay
Posted by Anonymous | December 20, 2007 12:03 PM
Good luck. How can anyone make money selling tickets at a service fee less than $8? Not to mention the rapidly increasing cost of producing PDF tickets for people to print on their computers. This is a tough business and better suited for a crooked monopoly to run.
Posted by Peter | December 20, 2007 12:19 PM
YEAAAAAAAAAAAHHHHHHHHHHH!
Meet the new boss, same as the old boss.
Posted by Anonymous | December 20, 2007 12:26 PM
I had a crooked monopoly once. It got that way from the weight of the chutes and ladders, and candyland games that were resting on top of it.
Posted by The perfect speciman | December 20, 2007 12:28 PM
yeah dont you guys think this is out of control? 10 dollar ticket to Knitting Factory turns into a 13.25 dollar ticket via ticketweb? What the hell, a 30 percent increase?
Posted by Anonymous | December 20, 2007 12:33 PM
Get off your ass and go to the venue to buy tickets.
Posted by Anonymous | December 20, 2007 12:42 PM
Live Nation's the one company who dares take up against TicketMaster's monopoly? i'm going to wait until Live Nation separates before i can bitch and complain about how their service fees compare.
not all venues sell tix beforehand.
Posted by Anonymous | December 20, 2007 12:48 PM
Totally pains me that Ticketmaster does the bower presents shows now. No respect for either of them.
Posted by chris | December 20, 2007 3:06 PM
what people don't seem to understand is that ticketmaster has two fees - one imposed by ticketmaster that no one has control over and one imposed by the venue which the venues seem to control. if you compare bowery vs gramercy tix bowery always seem to be lower - anyone have hard evidence to back this up?
Posted by Anonymous | December 20, 2007 4:57 PM
If you want to back that up into something hard I think the prices for something like that are significantly higher.
Posted by Anonymous | December 20, 2007 5:04 PM
they'll be the same price w/ no competitions. Like when oil companies get together to plan how much to gouge you at the pump.
Posted by Anonymous | December 20, 2007 5:52 PM
an oligopoly instead of a monopoly, you mean.
Posted by Anonymous | December 20, 2007 6:02 PM
When Bowery switched over from Ticketweb to TM, the fees essentially remained the same.
Posted by Anonymous | December 20, 2007 6:12 PM
"Get off your ass and go to the venue to buy tickets."
amen. not that these companies aren't reality's incarnation of darth vader, but i've been doing this for a long time and saved so much money because of it. irving plaza for livenation stuff, mercury lounge for bowery presents stuff, venues themselves for neither.
Posted by Anonymous | December 20, 2007 7:28 PM
ticketweb is owned by ticketmaster. their fees are generally lower. ticketmaster's profit is the convenience charge and they shockingly charge you more to do the work yourself when you print the tickets via email. all these fees that weren't always there - "order processing fee". what was the 8 buck convenience charge for if it doesn't process my f'ing order? then when you go to a joint like the beacon, they tack on a "facility fee" of a couple bucks a ticket just because they can. i buy 4 tickets to something and i am literally paying for a 5th ticket in fees
Posted by Anonymous | December 20, 2007 7:46 PM
The the thing is, try buying a ticket for a big draw act in person...impossible.
At least online you have a reasonable chance without camping five days earlier.
Posted by Reg! | December 21, 2007 8:26 AM
I think NYS passed a law that there had to be at least one physical outlet to buy tickets without those extra fees, that's why Mercury Lounge / Irving Plaza ticket booths even exist. I do go to Merc and Irving to buy tickets, however I do feel bad for people that don't live in the city. I guess it's one of those perks we have, to drop by on lunch or after work.
Posted by Anonymous | December 21, 2007 9:24 AM