Financial terms of the deal were not disclosed. Ticketmaster will now wholly own the Australian operation, which began as BASS Victoria in 1978. Ticketmaster7 was created as a joint venture between Ticketmaster and Seven in 1999.
Seven, which owns Australia’s largest commercial television network as well as a variety of print publications, will continue to provide marketing cooperation and brand association with Ticketmaster7 “for the immediate future,” according to a statement.
Ticketmaster7 President Phil Meggs said the company’s immediate plans include an upgrade of its Web site and expansion into new local markets.