Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

Ticketmaster Scare Sends Live Nation Stock 21% Up

Stories like these are only possible with your help!
You have the power to keep local news strong for the coming months. Your financial support today keeps our reporters ready to meet the needs of our city. Thank you for investing in your community.
5b2b5b794488b300092678d5-original.jpg

West Hollywood based Ticketmaster's heart skipped a few beats yesterday when Cablevision, who runs Madison Square Garden among many other venues, hinted towards leaving Ticketmaster and signing up with Live Nation to do their ticketing. News of that sent Live Nation's stock from $2.82, to $16.82. But after the freakout, Cablevision announced later in the day that they would stick with Ticketmaster, who closed 3% higher at $13.09 but is still down 30% after last week's announcement that SMG, the ticket provider's second largest client, signed up with Live Nation.