Trouble in "Paradise"?
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David Card | August 22, 2007, 11:35 PM
Once the kid's seen Paris, it's tough to keep those near-monopoly margins at home.
A memo circulated within IAC/InterActiveCorp's Ticketmaster, which controls the ticket inventory to nearly all major concert and sporting events in the U.S., said the ticketing company no longer expects to renew its agreements to sell seats for events at buildings owned by Live Nation, its largest client. Events at venues owned by Live Nation and its House of Blues subsidiary generated 17% of Ticketmaster's roughly $1 billion revenue last year.
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