Runaway Dinosaur

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Posts Tagged ‘Blockbuster Video’

Blockbuster Video to sell Live Nation concert tickets in their stores

Posted by jhochstat on December 2, 2008

Full Story on Yahoo News

SAN FRANCISCO – Blockbuster Inc. will begin selling concert tickets at about 500 of its video rental stores, bolstering its effort to create a one-stop shop for entertainment.

Under a three-year agreement announced Tuesday, Blockbuster‘s stores next month will become the primary brick-and-mortar sales outlet for music concerts staged by promoter Live Nation Inc. in the United States.

Dallas-based Blockbuster will supplant a hodgepodge of department stores, supermarkets and other retailers that Live Nation had been relying upon as part of an unraveling partnership with Ticketmaster Entertainment Inc.

Beverly Hills-based Live Nation is breaking away from Ticketmaster to build its own ticketing channel. Ticketmaster will continue to handle some of Live Nation’s sales until contracts covering several concert venues expire.

With most consumers buying their tickets online, Blockbuster is expected to account for less than 10 percent of the more than 10 million tickets that Live Nation anticipates selling in the United States next year.

Still, the Live Nation relationship will provide Blockbuster with a new way to lure people into its stores as more consumers rent movies through DVD-by-mail vendors like Netflix Inc. or buy entertainment through Internet downloading services and “on-demand” features bundled into cable-television subscriptions.

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