In Times of Trouble, Can Targeted Touring Come to the Rescue?
Live Nation is slashing fees to fill shows this summer. And outside of the crowd-packing elite, even bigger acts are suffering from under-attended dates. Elsewhere, popular artists like Imogen Heap are struggling to make the economics work on the road.
Andy Schuon Out at Live Nation Entertainment…
Live Nation Entertainment senior executive Andy Schuon has now left the organization. The informant group includes a pair of executives within Live Nation itself, though media representatives at the concert giant have not confirmed the exit.
This Might Hurt a Little: Live Nation Losses Widen…
Live Nation Entertainment is a big merger with big ambitions, but the combination comes with costs. That, coupled with a continued erosion in concert attendance, widened losses during the latest quarter.
More Weekend Bits: TuneSat, Live Nation+Ticketmaster, Rhapsody, Gracenote, Volvo, Licensing, Leadership, Wall Street…
*TuneSat, a company specialized in monitoring and detecting TV-related song plays, has just raised $975,000. *The planned merger between Live Nation and Ticketmaster has hit a snag in the UK. The UK Competition Commission is reopening the matter following a complaint by German-based ticketing agency CTS Eventim, pushed through the Competition Appeal Tribunal.