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Comcast has hand in Ticketmaster, Live Nation merger

Tue, 01/26/2010 - 7:55am
Mike Robuck

Yesterday the Justice Department signed off on the Ticketmaster/Live Nation merger, which included a provision that Ticketmaster Entertainment sell is its ticketing software business to Comcast’s ticketing division.

According to The Philadelphia Inquirer, Comcast-Spectacor, which is an arena management firm jointly owned by Comcast and Ed Snider, will buy Ticketmaster’s Paciolan subsidiary that provides ticketing software to ticketing businesses.

As part for the Ticketmaster/Live Nation merger, Ticketmaster has to divest itself of Paciolan to Comcast-Spectacor, or another buyer, within 60 days.

Comcast-Spectacor ticketing business operators under the name of New Era Tickets and includes 50 ticketing accounts that produce about 10 million ticket sales a year.

The Washington Post reported in a story today that the Ticketmaster/Live Nation merger could serve as a template for the new Justice Department under the Obama administration, which is currently reviewing Comcast and General Electric’s proposed NBC Universal joint venture.

More Broadband Direct 1/26/10:
•  Comcast has hand in Ticketmaster, Live Nation merger
•  Bright House Networks promotes Colafrancesco 
•  Cablevision tees up automatic sign in for Wi-Fi service
•  Cox: It's About the Bundle
•  Charter tunes up Olympic coverage with NBCU
•  Rogers strikes deals to beef up On Demand Online content
•  AT&T Wi-Fi Connections Skyrocket 
•  G.hn a stop closer to ratification
•  Verizon Q4 video sub adds down
•  USDA awarding $310 million for broadband projects
•  Apple rockets to most profitable quarter ever
•  Broadband Briefs for 01/26/10

 

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