IAC/InteractiveCorp will spin off TicketMaster into its own publicly traded company. Along with the TicketMaster spinoff, IAC is turning other assets into their own publicly traded corporations. The other companies are:
HSN – the Home Shopping Network
LendingTree – online lending exchange
Interval International - an online marketplace for condos
Companies IAC will still own include Shoebuy.com, match.com, ask.com, collegehumor.com, evite and several others. Wall Street characterizes the move a way to increase overall shareholder value. Shareholders in IAC will still have those shares but now they will have shares in the spinoffs also.
The spinoffs will be finalized in about one year.
From a ticket broker’s perspective, this also signals that TicketMaster can be more aggressive in the industry and offer new types of packages. Readers will recognize that TicketMaster put together some Big Game Football Packages over the summer. We can expect more of these types of marketing partnerships. This also tells us the event marketplace is viewed as having a big upside. However big the market gets and whatever packages are put together, this always indicates there is room for the individual ticket broker to do well.
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