Live Nation in ticket deal with Roseland-NY Post

Tue Oct 14, 2008 4:45am EDT
 
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Oct 14 (Reuters) - Concert promoter Live Nation Inc (LYV.N) is expected to unveil later on Tuesday a five-year deal to supply ticketing for New York's Roseland Ballroom, the New York Post said.

Roseland, one of the America's leading midsize music venues, was previously serviced by Ticketmaster (TKTM.O), the paper said.

Last month, Live Nation signed a seven-year deal to sell tickets at the North American arenas, stadiums and theatres managed by Philadelphia-based venue manager SMG.

Live Nation's moves into the ticketing business beyond its own venues pits it against Ticketmaster, the leading U.S. ticket vendor.

Ticketmaster's rights to sell tickets to Live Nation events expires at the end of this year when Live Nation plans to launch its own rival ticketing service to manage its own events as well as those managed by other companies.

Live Nation could not be reached immediately for comment. (Reporting by Ajay Kamalakaran in Bangalore; Editing by David Cowell)

 

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