Groupon, Live Nation form online-ticket deal site

May 09, 2011
Groupon headquarters in Chicago, Illinois. US online coupon giant Groupon and Live Nation Entertainment announced Monday that they were teaming up to offer discount tickets to concerts, theater and other live events.

(AP) -- Concert promoter Live Nation Entertainment Inc. and online deal site Groupon are forming a venture to develop an online ticketing deal website called GrouponLive.

Financial terms were not disclosed. The site is expected to go live ahead of the summer concert season.

, a rapidly growing service based in Chicago that offers hundreds of daily discounts in 500 markets, and Los Angeles-based , which acquired Ticketmaster last year, say the site will offer deals on tickets to concerts, , theater, arts and other live events.

Led by Groupon, daily-deal ticket sites have proliferated over the past year.

"Our success is based on selling tickets and filling seats and GrouponLive gives us another platform to achieve this," Live Nation CEO Michael Rapino said in a statement.

Live Nation boosted in the first three months of the year thanks to price cuts and a slew of A-list acts going on sale, including U2, Prince and Lady Gaga. But sales in mid-April started to slow, which may lead to more discounted tickets.

Last year, North American concert revenue fell 8 percent to $4.25 billion, hurt by weak consumer demand and high , according to trade magazine Pollstar. This year, Live Nation is booking fewer shows and cutting prices for seats that are far away from the stage.

Rapino said more artists are trying to make back-row seats cheaper so more fans can attend shows.

Explore further: Study: Social media users shy away from opinions

More information: Online: http://www.grouponlive.com

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Live Nation trims 1Q losses, ticket sales up

May 06, 2011

(AP) -- Live Nation Entertainment Inc.'s losses narrowed in the first three months of the year as the concert promoter boosted sales of concert tickets through price cuts.

Ticketmaster rolls out 'dynamic' ticket pricing

Apr 19, 2011

(AP) -- Event tickets seller Ticketmaster said Monday that it is introducing new technology to let artists and sports teams raise or lower ticket prices to reflect demand during the initial sales period - a move it said ...

Live Nation, Ticketmaster merge after approval (Update)

Jan 25, 2010

(AP) -- Concert promoter Live Nation and ticket-seller Ticketmaster consummated their merger on Monday after the U.S. Justice Department approved it with conditions meant to lower ticket prices for consumers.

4 charged with hacking into concert ticket sites

Mar 01, 2010

(AP) -- Federal prosecutors in New Jersey say four California men made more than $25 million reselling tickets to concerts and sporting events they acquired by hacking into Ticketmaster.com and other Web sites.

Ticketmaster finds another way to cut out scalpers

Sep 17, 2009

(AP) -- Ticketmaster Entertainment Inc. has developed a new way to resell tickets that shuts out the brokers and scalpers it has long scorned, and instead keeps the profits for itself, musicians and venue ...

The best time to buy tickets to a sold-out game

Mar 21, 2011

Trying to buy a ticket to a sold-out game? To get the cheapest price you have a decision to make: when to buy. During a visit to a sold-out basketball game at Duke University, "Science Nation" put the question to some die-hard ...

Recommended for you

Study: Social media users shy away from opinions

Aug 26, 2014

People on Facebook and Twitter say they are less likely to share their opinions on hot-button issues, even when they are offline, according to a surprising new survey by the Pew Research Center.

US warns shops to watch for customer data hacking

Aug 23, 2014

The US Department of Homeland Security on Friday warned businesses to watch for hackers targeting customer data with malicious computer code like that used against retail giant Target.

Fitbit to Schumer: We don't sell personal data

Aug 22, 2014

The maker of a popular line of wearable fitness-tracking devices says it has never sold personal data to advertisers, contrary to concerns raised by U.S. Sen. Charles Schumer.

Should you be worried about paid editors on Wikipedia?

Aug 22, 2014

Whether you trust it or ignore it, Wikipedia is one of the most popular websites in the world and accessed by millions of people every day. So would you trust it any more (or even less) if you knew people ...

Philippines makes arrests in online extortion ring

Aug 22, 2014

Philippine police have arrested eight suspected members of an online syndicate accused of blackmailing more than 1,000 Hong Kong and Singapore residents after luring them into exposing themselves in front of webcam, an official ...

User comments : 0