Ticketmaster, Truth in Rumors
The ticket industry is about to change and when it comes to ticket giant Ticketmaster there seems to be truth in the rumors I’ve been hearing over the past year and a half. First, the news came that Live Nation (one of the largest and most powerful promoters) would be severing there relationship with Ticketmaster at the end of 2008. Then noise this past January about Ticketmaster’s plans to acquire TicketsNow (one of the largest ticket brokers and player in the secondary ticket market). And now… Ticketmaster will apparently be $750 million dollars in debt when it is spun off from its parent company IAC.
