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Ticketmaster Goes Indie, Kinda
Today is the first day that West Hollywood based Ticketmaster is on their own. Its parent company IAC/InterActiveCorp spun off the ticket seller and three other internet sites to make five separate publicly traded companies. At the end of the article posted on the LA Times' website, it has this little nugget about one of the most frustrating parts regarding Ticketmaster: "[The Company] may consider revamping how it presents fees and charges, if not reduce the actual costs, which vary from ticket to ticket but can amount to nearly half of face value.'The fee structure is too complex,' [CEO Sean] Moriarty said. 'We're hopeful that over the next couple of years we'll make it much more fan-friendly.'"
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
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