Posts Tagged ‘AEG’
AEG Leaves Ticketmaster
Here’s the news: AEG, owners of Staples Center, several MLS teams, arenas around the country and major promoter of concerts through its AEG Live division, is leaving Ticketmaster. Back when the LN-TM merger was approved, AEG got the right to license the TM software rather than be a full-fledged TM customer. This wasn’t a bad [...]
Live Nation Ticketmaster Merger Approved
Done deal. And as we discussed, there’s some quid pro quo for both Comcast and AEG. Specifically, AEG gets to license the Ticketmaster software. After five years, AEG can either buy it or dump it for somebody else. In other words, AEG gets to run TM software but pretty much own it. TM makes some [...]
Live Nation May Sell Buildings to AEG
The LN-TM merger must now be in its ‘bargaining’ stage because the giveaways are starting. According to the NYT, Live Nation may be offering to sell some buildings to AEG as a condition of merger approval from the DOJ. A few weeks back, there was a story that Comcast may be ‘given’ the ticketing contracts [...]
Comcast to the Rescue of TM-Live Nation?
According to a Bloomberg story today, Comcast is getting involved in the Ticketmaster-Live Nation merger. Very quietly, Comcast has been expanding its lines of business well beyond the core cable business, with acquisitions in the last few years like Fandango, Daily Candy and others. The company also owns the tickest the Philadelphia 76ers, the Philadelphia [...]
AEG Considering New Ticketing Partner
As I said back in March, the potential Live Nation-Ticketmaster merger has an interesting effect on AEG: ” To Live Nation, they’re competitors in the sense that AEG Live is in the concert business, but of course, Live Nation is also a customer of its venues. They’re a customer of Ticketmaster for ticketing in all [...]
Ticketmaster Tried to Cobble Together Anti-Live Nation Coalition
You might have seen in the WSJ today that before the Live Nation merger proposal, Ticketmaster developed a strategy to defeat Live Nation by buying up major ticket brokers around the country. So many different organizations were supposedly involved in these discussions, including not just the broker companies, but also AEG and Madison Square Garden, [...]
AEG’s Michael Jackson Problem
When Michael Jackson’s ultimately ill-fated London concert series went on sale, I talked about it here. And here’s a key tidbit: “So this is a hit, and I’ve been saying for years that this is a natural thing for MJ to do. Even better, and still likely, would be a Jackson Theatre in Las Vegas, [...]
AEG to TM and Live Nation: “What Are We, Chopped Liver?”
Anschutz Entertainment Group (known as AEG) is one of those companies that quietly just kicks butt on a day to day basis without drawing undue attention to itself. AEG not only has a significant concert division (AEG Live), but it also built and developed the Staples Center (where the Lakers, Clippers, Kings, and Sparks play, [...]
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