UPDATED with service restored: Telecharge released the following statement that the service has been restored: “At approximately 6:00 AM this morning, the Telecharge.com website and related sites were taken offline due to a technical issue. Service was restored shortly before 11:30 AM. The Telecharge call center, box…

Don’t tell Live Nation executives that their concert acts are getting old. While one-time hitmaker Neil Diamond continues to hit the stage at age 70, Chairman Irving Azoff says that “every year there’s a Taylor Swift, or Justin Bieber or Lady Gaga.” He adds: “We’re managing all the winners of The X Factor. We predict…

No matter what the consumer will still get screwed. Anschutz Entertainment Group will roll out its much-hyped challenge to chief rival Live Nation Entertainment’s Ticketmaster this Saturday. So the battle is on. AEG has partnered with start-up Outbox Technology to form AXS with a plan to sell tickets through more than…

Live Nation’s increase in ticket prices didn’t deter many people from going to see concerts in 2Q. The company reported net earnings of $13.3M, up from a $32.8M loss in the same period last year, on revenues of $1.56B, up 23.1%. Profits at 7 cents a share beat the 2 cents expected by analysts who follow the company…

The mind-numbing network of interlocking corporate relationships at Live Nation — the No. 1 concert promoter and owner of Ticketmaster — just became much more complicated with the announcement that Jim Dolan is joining its board of directors. He’s a power in live entertainment in his role as executive chairman of Madis…