-Deal enables greater choice for live event fans across Europe-
LONDON (06 November, 2014) – Ticketmaster, a division of Live Nation Entertainment, today announced it completed the acquisition of operating assets from Seatwave, a European resale marketplace.
This acquisition will enable Ticketmaster to provide fans with all ticket options and extends its ticket resale offering into Germany, Spain, Italy and other markets throughout Europe. The move builds on Ticketmaster’s successful strategy of creating best-in-class, consumer-friendly resale platforms in the United Kingdom, Australia and the United States.
“On a global basis we strive to deliver fans all of their ticket options in a safe and convenient marketplace,” said Michael Rapino, president and chief executive officer of Live Nation Entertainment. “The acquisition of Seatwave is accelerating this strategy across Europe and we will continue investing in our platforms to provide fans the best ticket buying experience.”
Mark Yovich, president, Ticketmaster International, said: “Combining Ticketmaster’s ticketing and technology expertise with Seatwave’s business in additional markets allows us to provide fans with a better ticketing experience across Europe, with more ticket options to live events. We deliver quality services in the resale industry, which will continue to build consumer confidence and satisfaction in our resale marketplaces.”
Ajay Chowdhury, CEO of Seatwave said: “This is great for Seatwave’s customers. Since our inception seven years ago we have given fans of live music, sport, theatre and comedy increased choice when buying and selling tickets.”
NOTES TO EDITOR
About Ticketmaster Resale:
Ticketmaster Resale is driven by what fans want: more access to tickets and greater level of choice. The marketplace exists to provide a safe, transparent and compliant environment that responds to this. Fans are protected when using the site by its 100% Fan Guard promise plus access to a full customer service offering.
Fan behaviour and technology has changed rapidly over the past few years, especially in terms of how fans can buy and receive their tickets. Ticketmaster Resale provides the ability to buy and sell tickets when the primary supply is no longer an option, or tickets cannot be used by the original purchaser.
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 & House of Blues Concerts, LN Media and Artist Nation Management. For additional information, visit: www.livenationentertainment.com
Katie White, PR Manager
+44 (0) 20 7980 4387
Jackie Antas, PR Director
+44 (0) 20 7980 4361