According to Pollstar.com, Ticketmaster Entertainment CEO Irving Azoff announced during the 2009 Bank of America Merrill Lynch Media, Communications and Entertainment Conference last Wednesday (September 9) that Van Halen will hit the road in 2010. No further details were made available.
The Wall Street Journal recently reported that Van Halen made an extra one million dollars in the fall of 2007 when as many as 500 of the best seats at around 20 concerts on the band's reunion tour were pulled from Ticketmaster and sold through scalpers. The scalpers reportedly kept about 30 percent of the jacked-up ticket prices for themselves, while the remaining 70 percent was divided between the band, their representatives and Ticketmaster itself.
The scam was part of a Ticketmaster initiative, codenamed "Project Showtime," which was designed to get a piece of the action from the scalpers, who often re-sell tickets for hundreds or thousands of dollars more than their face value. The move was part of plan to compete with a new ticketing business started by Live Nation, by offering to share profits from the scalpers with the artists and promoters.
Read the entire article at Blabbermouth.net.
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