LOS ANGELES and MEMPHIS, Tenn., Nov. 4, 2014 /PRNewswire/ — Ticketmaster, a division of Live Nation Entertainment (NYSE: LYV), today announced a long-term contract renewal with FedExForum and the Memphis Grizzlies. The Grizzlies are among 25 NBA teams and more than 12,000 global clients leveraging Ticketmaster’s platform.
Through this multi-year agreement, FedExForum will continue to operate its ticketing system for all venue events (Grizzlies games, concerts, family shows, etc.) with Ticketmaster, and Grizzlies fans will continue to enjoy a comprehensive online ticketing destination that offers all available ticket options for upcoming games. Under their official long-term partnership with the NBA, Ticketmaster will continue to operate the official resale marketplace of the Grizzlies at NBATickets.com, providing fans the only secure marketplace to buy and sell Ticketmaster verified tickets.
“We are excited to renew our longstanding relationship with Ticketmaster and to build on a solid foundation for the future of our organization,” said Jason Wexler, president of business operations of the Memphis Grizzlies and FedExForum. “In order to serve our fans best, we are eager to take full advantage of emerging ticketing technologies, including mobile and digital ticketing. Ticketmaster is the right partner to deliver the products and services our fans deserve.”
“The Grizzlies and FedExForum are a forward-thinking organization, always eager to benefit from the most advanced tools and services, including Pricemaster, LiveAnalytics, and Digital Ticketing,” said Cole Gahagan, executive vice president for Ticketmaster. “We’re thrilled to continue setting the standard with such a progressive partner, and look forward to delivering the best experience for FedExForum and Grizzlies fans in the years to come.”
With a laser-focus on developing and delivering innovative new features, improved services, an extensive partner program and enhanced fan experiences, Ticketmaster this year alone has signed long-term contract extensions with hundreds of sports and entertainment organizations across North America. The renewing clients span the entire spectrum of professional sports from basketball, football, baseball, hockey, and motorsports and include college sports, major arenas and theatres.
About Live Nation Entertainment
Live Nation Entertainment (NYSE: LYV) is the world’s leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, Live Nation Media & Sponsorship and Artist Nation Management. For additional information, visit www.livenationentertainment.com.
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