Sources tell me that Barry Diller dumped. This, of course, after the IAC/InterActiveCorp chairman resigned as chairman of the Live Nation Entertainment board last month. The $4 billion music powerhouse formed in January with the merger of Ticketmaster and Live Nation.
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Smart move.
I wonder who was crazy enough to buy it.
As an outsider, can someone explain the significance or ramifications?
None and none. He didn’t own enough stock to make Mallone’s life difficult, so it was a pretty easy call to cut bait and bail completely on a loser stock.
Could this be related to the pending lawsuit against Ticketmaster by Jam Productions?
Michael Cohl got out long…that should tell you something about rats and sinking ships…Barry’s leading the next charge for the exits…lol
How long can Live Nation hang on?
Music industry is in serious trouble and tours are is in worse shape than even record sales.
They cannot sell concerts tickets even for meager $ 10.
Who many artists had to cancel their tours this year due to horrible sale?
Christina A., Jona’s Bothers, The Eagles, to name a few.
All those ridiculous contracts by LN n given to Jay- Z, Madonna, U 2 and others will only land them in bankruptcy court.