A TALE OF TWO TICKETMASTERS
It Is The Worst Of Mergers
The two companies had been separated two years ago, according to USA Network Chairman and CEO Barry Diller, in order to "grow the online business."
USA will receive 52 million Ticketmaster Online Class B shares in exchange for its wholly owned subsidiary. USA's equity in the merged company will be 68%.
Just so there's no confusion, the merged company will be called Ticketmaster.
Diller will become co-chairman of the merged Ticketmaster, joined by Terry Barnes, currently chairman and CEO of Ticketmaster Corp. John Pleasants, president and CEO of Ticketmaster Online, will become CEO of the merged company. Larry Jacobson, president of Ticketmaster Corp., will become president and COO.
The new Ticketmaster will have a customer database of over 20 million and will process over 80 million tickets annually through 3,430 ticketing outlets and 16 call centers in more than 80 cities and via eight primary Web sites.
STAGECOACH: THE FINAL DESERT EXCURSION
Our weary travelers reflect on their adventure. (4/30a)
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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BILLIE'S BACK WITH BIG WORLD TOUR
