Luukko Issues Statement On Merger

As was revealed today when the Department of Justice approved the Ticketmaster and Live Nation merger, Comcast-Spectacor has entered into a non-binding letter of intent to acquire Paciolan from Ticketmaster. As a result of this proposed deal, Comcast-Spectacor will own Paciolan’s technology, the intellectual property of Paciolan, and all of its accounts (approximately 200 accounts).

This is a very exciting opportunity for Comcast-Spectacor to extend our ability to be the ultimate sports and entertainment provider, managing public assembly facilities (through Global Spectrum), catering and providing food and beverage sales (through Ovations Food Services), selling naming rights and sponsorships (through Front Row Marketing Services), and now, the further ability to sell millions of tickets to events worldwide.

When Comcast-Spectacor adds the Paciolan business to its existing ticketing business, clients will have the option to select the ticketing solution that best meets their specific goals. Through Comcast-Spectacor, these teams or arenas will be able to either license the technology and operate it themselves through Paciolan; or contract with New Era Tickets for complete ticketing services.