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BUSINESS
May 22, 2009 | Times Staff and Wire Reports
There will be no encore for Jay-Z and Def Jam. In an interview with RapRadar.com, the rapper confirmed reports that he had left the record company where he made most of his biggest hits and went from artist to president and back to artist again. Last year, Jay-Z and Live Nation Inc. struck a deal that included touring, publishing and albums. Jay-Z had owed Def Jam one more record.
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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
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.
BUSINESS
October 22, 2008 | Swati Pandey, Pandey is a Times staff writer.
Ticketmaster said Tuesday that it would fire about 5% of its global workforce as part of a previously announced cost-reduction plan. The West Hollywood ticket vendor said about 300 jobs would be eliminated. The company has about 6,000 full-time and part-time employees. In August, Ticketmaster said it would reduce operating expenses by about $35 million as it integrated two companies -- ticketing technology maker Paciolan and ticket reseller TicketsNow -- that it acquired earlier this year.
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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