Looking to broaden their various reaches , Groupon and Live Nation have huddled close in some minor , dark quoin of the internet to engender GrouponLive , a new “ online ticketing deals marketplace . ” There ’s no real meat to the press release in terms of what kind of deals we can ask to see out of the conjugation , but I see it as your typical good versus malefic struggle : will Groupon ’s favorable 50 % discounts mean you ’re see Rod Stewart on the bum ? Or will Live Nation - owned Ticketmaster ’s notorious cost gouging bring Groupon over to the dark side ?
Honestly , it probably does n’t matter ; the scalpers are drop dead to get the best fundament every sentence , either means .
Groupon and lively Nation Entertainment frame Joint Venture to Launch New Online Ticketing Deals Marketplace
CHICAGO and LOS ANGELES – May 9 , 2011 – Groupon and Live Nation Entertainment , Inc. ( NYSE : LYV ) today announced that they have a formed a joint speculation to evolve a raw online ticketing deals channel , GrouponLive .
GrouponLive will attend as a local resource for Live Carry Nation event and clients of its global ticketing business , Ticketmaster . The site will be a innovational resourcefulness for consumers to find mellow - time value tickets to concert , sports , theater , arts and other resilient effect , while serving as a timely and effective manner for merchants to deal more tickets . Financial terms of the deal were not disclosed . Launch is planned in time for the summertime concert season .
“ GrouponLive represent a fresh channel to push back value for buff , while help creative person and others to reach ever great audience , ” sound out Michael Rapino , President and Chief Executive Officer of Live Nation Entertainment . “ By adding this channel to our ticketing platform , we will also provide our venue partners with another option for driving tag sales across a wide range of events . Our achiever is based on selling just the ticket and filling bottom and GrouponLive gives us another program to achieve this . ”
Both Groupon and alive Nation would like to give thanks Guy Oseary who notify on the quite a little and was instrumental in assist break the partnership . Mr. Oseary is on Groupon ’s Advisory Board , and has make with hot Nation through his role as artist managing director and case booster .
user of GrouponLive will have access to limited - time hand on a mixed bag of events across North America . The site will update crack as new events become available . To be notified when GrouponLive launch , confabulate www.grouponlive.com .
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