John Abbamondi had orders to let the CEO of Ticketmaster down easy.
In April 2021, Abbamondi was the CEO of BSE Global, the company that ran Brooklyn arena the Barclays Center. BSE Global’s existing Ticketmaster contract would expire at the end of September, and Abbamondi and his team had evaluated proposals from SeatGeek, AXS, and Ticketmaster. The economics of Ticketmaster offer, according to Abbamondi, “was nowhere near as good as the other two.” SeatGeek’s technology was “superior” to Ticketmaster’s on balance, on top of better financial terms including an equity stake in the company, the arena decided. It clinched their decision to go …
Read the full story at The Verge.
Original Source: https://www.theverge.com/policy/889720/live-nation-ticketmaster-trial-doj-barclays-center-threats
Original Source: https://www.theverge.com/policy/889720/live-nation-ticketmaster-trial-doj-barclays-center-threats
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