Ticketmaster dumped by parent company
Ticketmaster was recently let go by its parent company LAC/InterActiveCorp. After failing to be profitable with those exorbitant ticket surcharges, the leading ticket seller is optimistic. Ticketmaster says it'll take this opportunity to change its business model. Among the ideas on the to-do list include a bigger international presence, offering ticket resales to complete with StubHub and eBay, and helping to support and market artists who are increasingly turning to ticket sales as their main source of revenue.
The ticket giant will start life on its own being over $750 million in debt. Anyone feel sorry? Karmas a bitch.
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