Ticketmaster is set to blame a cyberattack in November for the problems encountered by fans attempting to purchase tickets for Taylor Swift’s Eras Tour. According to a report from Politico, president and chief financial officer of Live Nation – Ticketmaster’s parent company – Joe Berchtold will tell today’s antitrust hearing that the ticketing platform was …
2023 – the year Live Nation and Ticketmaster split up?
The Cowen Group, an investment bank, financial services and analysis company, has said that it believes the US Department of Justice (DOJ) will sue Ticketmaster and Live Nation this year, with the goal of breaking the merger apart. Media outlet More Perfect Union reported that The Cowen Group believes the chances of Ticketmaster and owner …
No Barcelona Beach Festival in 2023
Barcelona Beach Festival (BBF) will not run this year after the local council did not grant a license for the live music event. Live Nation said that the festival would not take place as the municipality of Sant Adrià de Besòs did not grant a license, and that an alternative location could not be found. …
Madonna sells 600,000 tickets for The Celebration Tour
Madonna has already sold out 36 shows of her recently announced Celebration Tour, with over 600,000 tickets snapped up by fans. Sold out shows are set for Toronto, Chicago, New York, Los Angeles, London, Paris and more. Due to demand, an extra 23 dates were also added across North America and Europe. The tour will …
Senators reveal date for ticketing competition hearing
US Senators Amy Klobuchar and Mike Lee – Chairwoman and Ranking Member of the Senate Judiciary Subcommittee on Competition Policy, Antitrust and Consumer Rights – have revealed that the hearing on the lack of competition within the ticketing industry will be held on January 24. The Senate Judiciary Committee hearing will be titled ‘That’s The …
Madonna announces Celebration Tour – TheTicketingBusiness News
Madonna, the best-selling female solo touring artist of all time, is set to go on a global tour that could surpass her own touring record. The singer announced ‘Madonna: The Celebration Tour’ yesterday (Tuesday), which will feature her catalogue of music from the past four decades. Produced by entertainment giant Live Nation, the 35-stop tour …
Live Nation Entertainment closes $1bn convertible senior notes
Live Nation Entertainment has completed its previously announced of $1bn (£800m/€900m) in aggregate principle amount of 3.125% convertible senior notes due 2029. The offering size was increased from the original offering size of $850m in response to investor demand and after full exercise of the ‘greenshoe’ option. Proceeds from the transaction will be used to …
Afro Nation rolls into Miami
Afro Nation is set to expand into Miami, Florida in May, following festivals in Portugal, Puerto Rico and Ghana. The festival will take place in the US for the first time and will celebrate not only Afrobeats, but also dancehall, hip-hop, amapiano and other Black-led music genres. Afro Nation Miami 2023 will be headlined by …
2022 in review – October
As the year began to wind down, investor Silver Lake started to look at exit options for its ticketing and live entertainment business, TEG, according to reports. TEG, which also owns ticketing firm Ticketek, was acquired by Silver Lake in 2019. A North America coalition led by economic libertarian groups and consumer champions was established …
Ticketmaster sued by another group of Taylor Swift fans
Ticketmaster has been sued by more Taylor Swift fans over the singer’s Eras Tour ticketing fiasco last month. A further group of Swift fans have come together to sue Ticketmaster, after an original group of fans sued the ticketing platform earlier in December. In November, those wanting to purchase Eras Tour tickets in the Verified …