Online ticket seller Eventbrite raised a $20 million round of funding from DAG Ventures, Sequioa Capital, and Tenaya Capital (formerly Lehman Brothers Venture Partners). DAG led the round (Sequioa led the last one). The D round is twice the amount of capital as all three previous rounds combined, bringing the total raised bey the company to $29.5 million.
CEO Kevin Hartz tells me he still had… → Read More
If ticketing startup Eventbrite wants to become the Ticketmaster of do-it-yourself events, it just added a new board member who might have some ideas on how to get there. The company just added Sean Moriarty to its board of directors. Moriarty was previously the CEO of Ticketmaster, which he helped build into an events juggernaut between 2005 and March, 2009, when he left the company.
Whereas… → Read More
Now that the dust is settling on the newly launched Google Music (if you don’t yet have it in your normal Google search results, you can use it here) that integrates LaLa and iLike/MySpace streaming music, all I can think of is this: What were Facebook and Ticketmaster thinking when they passed up the opportunity to acquire iLike?
With the proposed $2.5 billion merger between TicketMaster and Live Nation looming large, many venue owners and promoters are up in arms, deeming the deal anti-competitive and monopolistic (they may be right – the deal is being examined for possible anti-trust violations). Now ShowClix, a TicketMaster competitor that launched in early 2007, is launching the Fair Ticketing Fund, setting aside up… → Read More
This could be good news for the music industry, which suffers from steadily declining record sales and stands to benefit from more ticket sales for live performances. Or just another last-ditch measure to save itself from an inevitable death and rebirth.
This has been a brutal month or so for tech layoffs. According to our Layoff Tracker, there have been 19,683 job eliminations at tech companies announced since mid-September, and we’re not even counting the 24,600 people at Hewlett-Packard who are being eliminated as a result of its merger with EDS.
But only five big companies make up more than 90 percent of the layoffs: Xerox (3,000), Dell… → Read More
European ticket resellers Seatwave have taken $25 million Series C in a round led by Fidelity Ventures that included Atlas Venture, Mangrove Capital Partners and Adinvest. Total funding for Seatwave to date is $36 million. London based Seatwave, like StubHub (acquired by eBay for $310 million) and TicketsNow (acquired by Ticketmaster for $265 million) resells tickets to major events. The company… → Read More
Just in time for the Super Bowl and ahead of IAC’s breakup, Ticketmaster has struck a deal to acquire online ticket scalper TicketsNow for $265 million. This follows eBay’s acquisition of StubHub for $310 million last year. TicketsNow is the second-largest online ticket scalper after StubHub, having sold $200 million worth of tickets in 2006. Sources tell us Ticketmaster first looked… → Read More
In about an hour, we hear, iLike and TicketMaster will announce a strategic agreement that includes a $13.3 million investment in iLike for 25% of the company. That puts the value of iLike at a whopping $53.2 million. The company launched less than two months ago, on October 25. We love the iLike service, which provides an excellent iTunes plugin that constantly analyzes what music you listen to… → Read More