Billboard are quoting sources as saying the previously reported business deal being negotiated by Ticketmaster, Cablevision and AEG Live is not going 100% smoothly.
As previously reported, Ticketmaster and media/venue firm Cablevision have been discussing forming a JV that would then buy a 49% stake in live music conglom AEG. The three way alliance would create a big player in the live music industry, bringing together ticketing, venue, tour promotion and music media operations.
But the wheeling and dealing behind the alliance is said to be rather complicated and, with numerous decision makers having to be placated, talks are said to be going slower than had been hoped, with some now wondering if the JV proposal will ever be agreed.
However, insiders say that while the proposals have stalled while certain issues are addressed, none of the concerned parties have written the venture off. And it may be that certain parts of the proposed alliance come into being while others are still being negotiated.