LONDON, Feb. 16, 2017 /PRNewswire/ -- Ticketmaster,
a Live Nation Entertainment, Inc. (NYSE: LYV) company, has today
announced its acquisition of ticket agent, Ticketpro. Ticketmaster
is the global ticketing leader with more than 530 million primary
tickets processed annually and this deal will increase its presence
to 30 countries, with the addition of the Czech Republic.
Ticketpro was launched in the Czech
Republic in 1992 and has since developed its software and
business across Central Europe and
licensed its TicketSoft software in other international markets
including Hungary, Chile and Belarus.
With its main operations based in Poland and the Czech
Republic, the acquisition offers Ticketmaster the
opportunity to extend its international ticketing business
activities into another key Central European market within the
Czech Republic, as well as
complement the development of its existing business in neighbouring
Poland. Ticketpro is a leading and
established player within both markets processing and retailing
over one million tickets.
"The live entertainment industry continues to flourish. There
are more events taking place and artists on the road than ever
before, coupled with increasing demand from fans across the world,"
said Mark Yovich, President of
Ticketmaster International. "Acquiring Ticketpro enables us to
better service our clients in Central
Europe, while providing a world class service to the many
fans in these countries."
"Having started our business in the Czech Republic, Ticketpro has established a
proven track record in Central
Europe and many emerging markets around the world. Combining
this with Ticketmaster's global scale and reach will ensure that
Ticketpro continues to provide an even better experience to its
current fans, while attracting considerably more. This is an
exciting time for the business and the live entertainment industry
in this part of the world. For me, it is the end of a ticketing
journey which has lasted over 25 years," said CEO of Ticketpro,
Serge Grimaux.
About Live Nation Entertainment:
Live Nation Entertainment (NYSE: LYV) is the world's leading
live entertainment company comprised of global market leaders:
Ticketmaster, Live Nation Concerts, Live Nation Media &
Sponsorship and Artist Nation Management. For additional
information, visit www.livenationentertainment.com.
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