More on those ongoing talks between Ticketmaster, Cablevision and AEG Live about a three way alliance in the live music space. We reported yesterday that talks between the three companies were going slower than some had hoped, and that as a result not all of the JV proposals may actually happen, certainly not in the short term. Billboard confirmed those reports yesterday by citing sources who say the proposed deal is "not dead" but "on life support". Some are now speculating that Ticketmaster will form an alliance with and take a stake in AEG Live for certain, but that the Cablevison part of the deal is less certain. Originally it was thought Ticketmaster and Cablevision would form a JV which would take a 49% stake in AEG, but it now seems that the two companies plan to take individual stakes in the live music conglom that add up to 49%, thus allowing the two deals to take place in isolation of each other. More when we get it.
Mar 12, 2008
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1 min read
Ticketmaster and AEG deal looking more certain, Cablevision involvement needs more discussion
Talks between Ticketmaster, Cablevision and AEG Live over a three-way live music alliance are reportedly on life support, with the Ticketmaster-AEG part looking more likely than Cablevision's role.