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ENTERTAINMENT
February 5, 2013 | By Todd Martens
In its bid to create a ticketing system that can eventually compete head-to-head with Ticketmaster, Los Angeles entertainment giant AEG is putting forth a bold argument: The long-standing concept of the morning on-sale needs to die.  "It's 2013, a 24-7 fully-distributed on-demand world, and we still have this process that's a legacy of how we used to sell tickets 30 years ago, when you stood in line outside of Tower Records," said Bryan Perez,...
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BUSINESS
March 25, 2009 | TIMES WIRE REPORTS
Ticketmaster Entertainment Inc. had its credit rating lowered one level to BB from BB-plus by Standard & Poor's Corp., which cited the company's fourth-quarter results and rising debt leverage. Ticketmaster, which is seeking to merge with concert promoter Live Nation Inc., may remain under pressure for at least the first half of 2009 as the recession cuts consumers' leisure spending, S&P said. As of Dec. 31, the West Hollywood-based ticket seller had total debt of $865 million, S&P said.
BUSINESS
September 12, 2008 | From Times Wire Services
When Live Nation Inc. leaves Ticketmaster next year to launch its own ticketing service, it won't go alone. The concert promoter -- which was once Ticketmaster's largest client -- signed a multiyear agreement with Philadelphia-based SMG, a facilities operator that runs 216 venues including 75 arenas and nine stadiums. Live Nation says it expects to sell 25 million tickets to SMG venues over the course of the deal, beginning in late 2009, which analysts estimate could account for about $50 million in revenues for the Beverly Hills-based concert promoter.
BUSINESS
March 16, 2014 | By Ryan Faughnder
The gig: As the head of Sterling Venue Ventures, Lance Sterling runs the recently renovated Saban Theatre concert venue in Beverly Hills and also owns and operates the Canyon Club in Agoura Hills. Early days: Sterling, 51, studied civil engineering at the University of Arizona. While in school, he worked in bars, nightclubs and concert venues that booked groups such as Grand Funk Railroad. "I was making more money running concerts than I would as an engineer," he said. After college, he briefly worked for a billboard company and then went into the hotel business.
BUSINESS
August 7, 2012 | By Dawn C. Chmielewski, Los Angeles Times
Lucas Cruikshank and his hyperactive Fred character had millions of YouTube fans and a line of merchandise when Hollywood came calling. Then a manager from the Collective pitched the Nebraska teenager a vision for his squeaky-voiced character that would result, three years later, in a holiday album, three made-for-TV movies, and a series on Nickelodeon. "So many people in the industry didn't know if you could take something on the Internet and cross it over to mainstream TV and movies," said Cruikshank, now 18. "It felt really good to prove them wrong.
BUSINESS
July 7, 2006 | From Bloomberg News
EMI Group said Thursday that it would distribute the recordings of Mandy Moore and rock group Army of Anyone through a new label created by talent management company the Firm that plans to share profit directly with the artists. The profit-sharing aspect of the label, which hasn't yet been named, differs from traditional royalty agreements, London-based EMI and the Firm said.
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