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Leftovers: Live Nation Wins The Battle

In a battle of two corporate behemoths, Live Nation continues to face off with Ticketmaster for the extremely lucrative live entertainment ticketing business. Live Nation scored a major victory in the latest round by making a five-year deal with a third corporate giant, SMG, to sell tickets at most of the SMG’s facilities.

Live Nation ticketing expects to sell 10 million tickets in their first year of operation which will probably start in the middle of 2009 when their current deal with Ticketmaster expires. That number should jump dramatically in the second and third year of operations for LN Ticketing. We haven’t heard the last of this war.

Let’s take another look at what’s happening elsewhere:

One more item before we go: The Mirage in Las Vegas recently unveiled details of a $25 million facelift for their world famous faux volcano. The 20-year old landmark’s getting a slew of fireball-throwing devices that will be choreographed to erupt on cue with a soundtrack co-composed by the Grateful Dead’s Mickey Hart. For the Mirage’s sake, let’s hope there’s no rapping involved. [via The AP]

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