TM Completes Front Line Buyout
Ticketmaster has announced it has acquired a controlling interest in Front Line Management for $123 million in cash and, in the process, changed its name to Ticketmaster Entertainment.
Ticketmaster Entertainment consists of the Ticketmaster ticketing company and Front Line, according to a statement, and says it will “transform the music and live entertainment industries by strengthening the artist-to-fan experience.”
Front Line CEO Irving Azoff has assumed the role of CEO of Ticketmaster Entertainment. Additionally, 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 adviser to Azoff.