MISC

Ticketmaster is buying Front Line Management

Just report on Billboard.biz this morning, Ticketmaster is buying a majority interest in Front Line Management. Ticketmaster originally had a minority interest in the company. Front Line’s Irving Azoff will head the newly crowned company, Ticketmaster Entertainment. Current Chief Executive of Ticketmaster, Sean Moriarity (sounds fake doesn’t it?) will report to Azoff. Barry Diller, chairman of Ticketmaster (and owner of everyone’s souls) said:
“Ticketmaster is obviously going to expand in the things that it does, in the areas that it provides services, and having it led by the force that is Irving Azoff gives Ticketmaster a really good chance to continue to be successful.” Ticketmaster will pay $123 million to Warner Music Group (who’s owned 30 percent of Front Line since last year) to buy the big chunk of Front Line, according to the Wall Street Journal. Damn man, Ticketmaster is getting ready to fight Live Nation hard! Let’s just hope that ticket convenience fees drop.

Tags: Barry Diller, Billboard, Front Line Management, Irving Azoff, live nation