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Ticketmaster Completes Front Line Purchase

WEST HOLLYWOOD, CA (CelebrityAccess MediaWire) — Ticketmaster, announced today, October 31, the completion of the previously announced transaction to acquire a controlling equity interest in Front Line Management Group, Inc., for $123 million in cash.

In connection with the transaction, the company changed its name from Ticketmaster to Ticketmaster Entertainment, Inc. Ticketmaster Entertainment consists of both Ticketmaster and Front Line Management and is positioned to transform the music and live entertainment industries by strengthening the artist-to-fan experience.

Irving Azoff, founder and chief executive officer of Front Line, has assumed the post of chief executive officer of Ticketmaster Entertainment. Ticketmaster Entertainment appointees include: Sean Moriarty, president of Ticketmaster Entertainment, Inc. and chief executive officer of Ticketmaster; Terry Barnes, chairman of Ticketmaster; Eric Korman, president of Ticketmaster; and Howard Kaufman, special advisor to Mr. Azoff. –by CelebrityAccess Staff Writers