Pulse2 Technology and Social Media News » Live Nation

LiveNation Acquires Setlist.fm

Amit Chowdhry — Tue, 06 Mar 2012 21:25:52 +0000

Live Nation Entertainment has acquired Setlist.fm. Setlist.fm is a wiki website where fans can post and share information about concerts that they have attended. The website had collected about 400,000 set lists and 24,000 acts. The website reaches about 1.5 million people per month. Live Nation has been actively investing in ways to collect and analyze information about people that attend concerts. Last year Live Nation acquired a controlling interest in the BigChampagne, a company that tracks consumption patterns in digital media. [Sacramento Bee]

Lockerz Raises $45 Million In A Third Round Of Funding

Amit Chowdhry — Wed, 03 Aug 2011 20:48:15 +0000

Lockerz is an e-commerce company that is building a rewards-based program intended for teenagers. The company is close to raising $45 million in a third round of funding. Lockerz CEO Kathy Savitt confirmed $36 million is done being raised with another $9 million expected in the next 60 days.

The lead investor in this round is DAG Ventures. Previous investors in this round include Liberty Media, Liberty CEO Greg Maffei, and Kleiner Perkins Caufield & Byers. Live Nation Entertainment participated in this round.

Live Nation has already sold concert tickets to Britney Spears and Rihanna through a partnership with Lockerz. Lockerz users can use the points they earn to get discounts on additional tickets. Savitt started Lockerz in 2009 and she said that they are seeing about 46 million unique users per month that spend an average of 17 minutes on the website. Most of their users are between the ages of 13 and 35.

“The whole notion of points is to be a social loyalty currency that would reward engagement in a meaningful way. The first phase offered a limited number of prizes, and then discounts on merchandise, and now we are taking that next step to make it a true global currency, by making them redeemable all over — on Lockerz and off of Lockerz,” stated Savitt. “We have a lot coming in the next 60 to 90 days.”

Points can also be earned by uploading photos, answering polls, watching videos, listening to music, inviting friends, logging in, etc. This round of funding will go towards future acquisitions. Lockerz recently acquired photo sharing website Plixi and content sharing website AddToAny.

[AllThingsD]

Live Nation and Ticketmaster In $2.5 Billion Merger

Amit Chowdhry — Wed, 11 Feb 2009 05:47:13 +0000

Live Nation and Ticketmaster have entered a definitive agreement to merge in a deal worth $2.5 billion. The new entity will be called Live Nation Entertainment. The deal is tax-free and is in all stock and is subject to potential legal issues.

“It was less than two months ago that Ticketmaster ended its 10-year partnership with Live Nation, and I’m extremely glad we could reunite with this combination. No different from any other industry, the challenges are all around every aspect of live entertainment. Being able to put Live Nation and Ticketmaster into an equal partnership will allow the companies to get through this difficult period and be able to expand live entertainment options to audiences throughout the world,” stated Diller.

Barry Diller will be chairman and Michael Rapino will be CEO of Live Nation Entertainment. Dropping the Ticketmaster brand name may help the company increase sales since Live Nation has a better reputation.