NEW YORK, Oct. 14 /PRNewswire-FirstCall/ -- It was announced today that
Roseland Ballroom has selected Live Nation (NYSE: LYV) to handle the venue's
ticketing beginning in 2009 and running through 2014. Hosting more than 100
shows and events which draw over 100,000 fans annually, Roseland Ballroom is
one of the country's premiere mid-size music venues and is consistently ranked
among the top 5 venues in its class by industry trade magazine Pollstar. In
just the past few years, Live Nation and Roseland Ballroom have presented
shows by Madonna, Dave Matthews Band, Coldplay and My Bloody Valentine.
"With Live Nation Ticketing, the content and ticketing model has changed
-- I don't need multiple partners to fill my venue and handle the ticket
transaction with the fan," said Larry Ginsberg, co-owner of Roseland Ballroom.
"Live Nation and Roseland are the longest-running rock couple on Broadway so
it makes perfect sense to trust them as my ticket company."
"Roseland Ballroom is one of New York City's premiere venues and is an
important strategic addition to our client portfolio," said Nathan Hubbard,
Chief Executive Officer of Live Nation Ticketing. "The fact that Larry has
chosen us as Roseland Ballroom's ticketing partner is another huge validation
of our unique position as both a ticket service and content provider."
In January 2009, Live Nation Ticketing will launch as a full service,
in-house ticketing company to manage Live Nation's ticketing gateway,
LiveNation.com, and as a ticketing alternative for third-party venues. The
new ticketing platform will allow Live Nation to control customer data, create
enhanced ticket-based concert products and capitalize on expanded distribution
channels and sponsorship opportunities.
Live Nation announced last month that it entered into an exclusive
agreement with the world's leading venue management company, SMG, to sell
tickets at North American facilities they control. By 2010 Live Nation
estimates it will move more than 13 million of its own tickets annually
through its North American ticketing company. The company currently believes
that the SMG tickets represent an incremental annual increase of approximately
25% in the overall tickets that will be handled by Live Nation Ticketing.
ABOUT LIVE NATION:
Live Nation's mission is to maximize the live concert experience for
artists, fans and sponsors. Our core business is buying and producing artist
rights and monetizing those rights via our global distribution pipe. Live
Nation is the largest producer of live music concerts in the world, annually
producing over 16,000 concerts for 1,500 artists in 57 countries. The company
sells over 45 million concert tickets a year and expects to drive over 60
million unique visitors to LiveNation.com in 2008. Live Nation is
transforming the concert business by expanding its concert platform into
direct concert ticketing and building the industry's first artist-to-fan
vertically integrated concert platform. Headquartered in Los Angeles,
California, Live Nation is listed on the New York Stock Exchange, trading
under the symbol "LYV." Additional information about the company can be found
at http://www.livenation.com under the "About Us" section.
.gif)
