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Ticketmaster Acquires Sports Ticketing Company Tickethour

LOS ANGELES (CelebrityAccess) — Live Nation's ticketing division Ticketmaster announced that they have acquired international sports ticketing company ,the Tickethour Group.

Tickethour currently distributes 8.5 million tickets per year on behalf of more than 65 clients. Launches in 2006, and led by Executive Chairman, George Bolos, alongside CEO Stefanos Kakarantzas, Tickethour currently operates in Norway, Netherlands, the UK, Cyrpus, Greek and Belgium.

Tickethour's client roster include Olympiacos Football Club and the Onassis Culture Centre in Greece, the Belgian Proleague and the Belgian Proximus League, and other major football teams such as the Viking Football Club in Norway.

"Combining the talents of Tickethour with Ticketmaster will ensure the continued success of Ticketmaster's sports business and will be a springboard to delivering events in new territories," Mark Yovich, President of Ticketmaster International said in a press statement. "By working with teams, sports leagues, clubs and governing bodies we can leverage our reach to connect millions of sports fans with the events they love."

The financial terms of the agreement were not disclosed.