Ticketmaster Acquired Majority Stake in Emma Enternainment in China

May 28, 2007

Ticketmaster Acquired Majority Stake in Emma Enternainment in China

New York, NY (rushprnews) May 28, 2007 - Barry Diller's Ticketmaster has acquired a majority stake in Emma Entertainment, a provider of ticketing and event promotions services in China, for an undisclosed sum.

In a company press release, Ticketmaster says the investment in Emma Entertainment reflects Ticketmaster's continued commitment to fostering the growth of live events in China. It marks the third investment Ticketmaster has made in the market in the past twelve months, following the formation of Beijing Gehua Ticketmaster Ticketing Company and Broadway China Network.

"What attracted us to Emma is great local management. Jonathan Krane, Emma Entertainment's CEO, has done a fantastic job navigating the complicated dynamics of the rapidly developing Chinese market," said Eric Korman, executive vice president, Ticketmaster. "Under Jon's leadership, Emma has established more than 30 exclusive ticketing venue contracts in five different major cities in China in just three years of operation.

Equally as important, Emma has been instrumental in presenting many major events into the People's Republic of China, such as the Rolling Stones and Eric Clapton." Korman continued, "We're thrilled about the investment and we look forward to working with all of our partners to accelerate live events in the PRC."

Emma Entertainment will now change its name to Emma Ticketmaster, and become an operating business of Ticketmaster. Krane will remain CEO and will continue to be responsible for leading Emma's business and strategic operations in China. Tikcetmaster is a subsidiary of IAC (IACI), which media mogul Barry Diller runs.

-END-

RUSH PR NEWS newswire and press release services at www.rushprnews.com
Anne Howard www.annehowardpublicist.com writer and publicist

Click here to see all news from this author/company

About the author:

RushPR News is a social media newswire service created to help you with content creation and distribution to news outlets and social media networks. RushPRnews can also assist you with your web strategies with experts advices and strategies at an affordable cost. Write us at news@rushprnews.com

Filed Under: ENTERTAINMENT, BUSINESS NEWS, BANKING AND FINANCIAL NEWS, GAMING, YAHOO NEWS

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

Please leave your comments here

PRESS & SOCIAL MEDIA RELEASES

Leasing Sector Capitalising on Recession Opportunities finds Business Leader

London, UK 05/16/12 · As the economic downturn continues to bite, business...