Ticketmaster has revealed that it will not renew its contract with venue operation stalwart Live Nation. While the parties were involved in negotiations to renew their current agreement, which expires next year, the main sticking point were the exorbitant service and convenience charges.
In a memo to employees, Ticketmaster Terry Barnes and CEO Sean Moriarty stated, “Live Nation has been a valued client for a very long time and we believe we’ve taken every reasonable step possible to facilitate a renewal, but they seem intent on a direction for their business that leaves us no viable way to work together.â€http://www.antimusic.com/news/07/aug/2314.shtml
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