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Ticketmaster COO resigns
By CMU Editorial | Published on Tuesday 31 March 2009
So, we did wonder what role Ticketmaster COO Sean Moriarty would have in a merged Live Nation Ticketmaster, given he hadn’t been mentioned in the two company’s merger plans. The answer: none.
Moriarty was CEO of the ticketing giant before its merger last year with Front Line Management, a deal which put the artist management company’s founder Irving Azoff in the top job at Ticketmaster. When they announced their merger proposals earlier this year it was revealed Azoff and Live Nation CEO Michael Rapino would take the top executive jobs at the combined company, with Ticketmaster Chairman Barry Diller taking the same role at Live Master.
But no mention of Moriarty. Until yesterday, when it was revealed the COO had resigned from his job, and Ticketmaster’s board, on 24 Mar. A short statement from him read: “I’ll always be grateful for my time spent at Ticketmaster with its truly outstanding people and I wish the company every success in the future”.
Confirming his former CEO’s departure, the aforementioned Diller told reporters yesterday: “Sean’s contribution to Ticketmaster in various management roles over time, including his role as president and CEO, has helped make Ticketmaster the great organization that it is today. While we will miss Sean’s leadership and vision, we are confident that the management team in place, led by Irving Azoff, will help Ticketmaster continue to grow and prosper”.
Speculation continues as to what role Terry Barnes, currently Chairman of the Ticketmaster bit of Ticketmaster Entertainment, will have if and when the merger with Live Nation goes through. His future role has also been suspiciously absent from past statements on the merger plans.
