TicketMaster Buys TicketsNow

[DudeAsInCool]

AlleyInsider reports that Ticketmaster has bought StubHub competitor TicketsNow For $265 Million. Would be nice if any of this corporate consolidation brought better service and better ticket prices for concert goers. Fat chance.

"The acquisition raises potentially thorny questions for Ticketmaster, which has previously sued brokers who use automated programs called "bots" to scoop up tickets faster than regular fans can, and then resell them for big profits on sites such as TicketsNow. TicketsNow Chief Executive Cheryl Rosner said her site currently doesn't make any effort to keep tabs on how its 800 registered sellers acquire the tickets they sell. Mr. Moriarty said Ticketmaster would attempt to root out people who used technology unfairly, although he declined to give specifics. TicketsNow sold $202 million of tickets in 2006, Ms. Rosner said."

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