Live Nation & Universal Music Launch Joint Venture
Live Nation Entertainment (LNE) and UMG (Universal Music Group) have announced the formation of a broad-based strategic partnership, which will see LNE’s Front Line Management Group and UMG, launch a joint-venture management company. The aim of this new management company will be aimed at managing and strengthening artists and their brands through a variety of worldwide … Read more
Vivendi Acquires UK Ticket Agency
Parent company to Universal Music Group, Vivendi, has purchased UK ticketing company See Tickets. Vivendi beat off companies such as AEG and CTS Eventim, to secure a bid of €96 million. See Tickets currently holds a 20% marketing share in the UK ticket market with an array of clients from theatres, sporting events, and festivals, … Read more
Australian Live Music Industry Generates $1.4 Billion in 2010
New figures published have confirmed that Australia’s live music sector is booming. Australia’s live music sector soared to $1.327 billion Australian Dollars in gross ticketing revenue. This figure is up 22.6%, according to trade body Live Performance Australia’s 2010 “Ticket Attendance & Revenue Survey.“ Across the board, attendances grew 13.5%, of which 15.36 million were paid stubs … Read more
