• layoffs

    Ticketmaster lays off an estimated 1,000 employees

    The layoffs are moving up the food chain, from the startups to the larger tech beasts. FuckedStartups writes that Ticketmaster is laying off 35 percent of its 3,000-plus staff, which squares with other reports I've heard. Ticketmaster is besieged with competition from concert promoter LiveNation, and was recently spun off by IAC. If I had to bet, I'd say these cuts have as much to do with removing the layers of cruft which accumulated under years of flitty mismanagement by IAC CEO Barry Diller as they do with the economy.
    10/21/08
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    Comment by CheyenneCado: Well I can confirm they laid off half of the SF office excluding Ticketweb and the other little SF company... more » | Other threads

  • earnings

    IAC down more than half a billion in second quarter

    In the second quarter, IAC swung from a $94.6 million profit last year to a $421.6 million loss this year. Don't blame Jakob Lodwick! His former company, Vimeo, is nowhere near the top of IAC/InterActiveCorp's expense report for the past quarter. The real problem at Barry Diller's Internet empire is Cornerstone Brands, a rollup of catalog companies undermined by weak consumer spending in home and apparel retail. Cornerstone's losses led to a $300 million writedown in goodwill in IAC's second quarter. In addition, the soft real estate market cut revenue for home financing site LendingTree nearly in half. More »
    07/30/08
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  • nepotism

    Diller's Stepson May Lose His Front-Row Lakers Seats

    More »
    06/02/08
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    Comment by Durannie: AvF looks an awful lot like a guy with whom I did a scene for a porn video recently. Hmmmmm............ more » | Other threads

  • photoshop

    What If Websites Were Realistic?

    What if Facebook let you properly express your rage against the tool who just added you to the "Buying and Selling Friends" app? What if Netflix knew you'd skip to the dirty bits? I paid Jay Hathaway a slave's wage to draw up what this would look like. More »
    05/28/08
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    Comment by Mike_Jahn: Websites, realistic? Who wants that. If I want realism I'll read a James Frey book. more » | Other threads

  • great moments in pr

    Ticketmaster creates fake Facebook profiles to boost fake popularity

    Ticketmaster, the event-ticket retailer whose monopolies on venues and exorbitant fees are legendarily evil, has somehow garnered nearly 157,000 fans on Facebook. And by "somehow" I mean "created thousands upon thousands of fake accounts." At least that's according to the East Village Idiot, who did some digging and turned up some obvious fakesters, like the hilariously misspelled "Stebe Jobs." Look for Stebe to accumulate thousands of fans of his own as desperate Apple fanboys friend the account to show their undying faith in the real Jobs's techno-cult.
    04/14/08
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    Comment by Artie Fufkin: Are they friends with Teve Torbes? more » | Other threads

  • deals

    Ticketmaster, NFL in talks to scalp football seats

    IAC's Ticketmaster division is trying to close a multiyear deal to be the official ticket scalper of the National Football League. TicketMaster competitor and eBay subsidiary StubHub is the other potential bidder for resale rights. Earlier this year, Stubhub made a deal to resell Major League Baseball tickets, a significant blow to Ticketmaster. Unfortunately for Ticketmaster, while the MLB deal gave StubHub resale rights for all 30 teams at once, because of the way the NFL is structured, the league has negotiating rights for only about half the league. More »
    12/06/07
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  • partnerships

    Ticketmaster teams up with Apple to bribe consumers

    Apple and Ticketmaster have hooked up for a new promotion. Buyers of concert tickets can get the matching artist's album from the iTunes store for $1 off. Ticketmaster had already offered iTunes affiliate links on its site, which passes a kickback to Ticketmaster for any resulting sales. Additionally, a gift-card pack will be sold with a pair of $25 cards, one for Ticketmaster and one for iTunes. Last month, Ticketmaster gave away 5 free iTunes song credits to anyone who joined its Facebook group. No word on if you can be a "fan" of Ticketmaster on Facebook yet — or if anyone would "fan" the much-hated ticketing conglomerate without bribery.
    11/08/07
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  • deals

    Ticketmaster's history of getting bought and sold

    By our count, Ticketmaster's upcoming spinoff from IAC will be the seventh time Barry Diller has bought or sold a piece of the online-ticketing agency, starting from the first stake he acquired in it a decade ago. After the jump, a chronology of Diller's Ticketmaster deals. More »
    11/05/07
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    Comment by Owen Thomas: @mikeymike99: You have almost all of that wrong. "USA Networks" and "USA Interactive" were previous corporate names for IAC, it's... more » | Other threads

  • music

    Madonna dumps record companies, signs with concert promoter

    More and more artists are striking innovative deals to sell their music — and leaving the traditional record industry contract behind. The Wall Street Journal reports that once Madonna's contract with Warner Music is up, she will link up with concert-promoter Live Nation. While not as revolutionary as Radiohead's pay-what-you-want plan, or Prince's free-music-with-newspaper deal, Live Nation is a concert production company, not a record label. Madonna's deal will bring album production and distribution, concerts, merchandise and publicity under one company. More »
    10/11/07
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    Comment by dalejo: Just another sign that Madonna is a copy cat and not an innovator. Does she even matter any more? more » | Other threads

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