CANADA’S COMPETITION BUREAU CONCLUDES INVESTIGATION INTO TICKETMASTER’S TRADEDESK
Canada’s Competition Bureau has concluded its investigation into Ticketmaster over allegations that were made suggesting Ticketmaster facilitated the mass scalping of tickets through the use of its software Tradedesk. The allegations arose after a CBC News reporter went undercover at a conference in Las Vegas and obtained footage of Ticketmaster employees saying they turned a blind eye to scalpers who circumvented the onsale rules. Following an investigation, the Competition Bureau has concluded that TM has “not contravened the Competition Act.” However, the Bureau is pursing litigation against TM, Live Nation and affiliated companies for alleged “drip pricing.”
VILLA PIZZA CHAIN RELEASES FYRE FEST INSPIRED ‘FESTIVAL PYZZA’
Mall and airport pizza chain Villa Italian Kitchen is having a little fun at the expense of Billy McFarland, Ja Rule and the rest of the Fyre Fest gang. In honor of the famed festival flameout and the two documentaries it has inspired, Villa is releasing the Greatest Pizza That Never Happened: the Festival Pyzza. “Available now at participating locations nationwide, the Festival Pyzza is a new luxury pizza experience for only the wealthiest consumers and industry influencers to enjoy,” a release from the company reads, claiming the pizza is made from “sauce made from California tomatoes, hand-stretched dough and premium individually packaged processed cheese product.” Pizza fans hoping to seize their FOMO moment will have to fork over some real dough for this pie — the Festival Pyzza retails at $25 per slice.
PENSKE MEDIA GROUP TAKES FULL CONTROL OF ROLLING STONE MAG
Rolling Stone parent company Penske Media Corporation (PMC) has completed a purchase of the remaining 49 percent share in the company from Singapore-based BandLab Technologies, making PMC the full owner. In December 2017, PMC acquired a 51 percent stake in the legendary music publisher from founder Jann Wenner, buying out his remaining shares. Terms of the new deal were not disclosed. It gives PMC — the media company run by automotive heir Jay Penske — full control of the iconic brand, including events, licensing rights and international editions under the parallel entity Rolling Stone International, in addition to the U.S. magazine and digital publication.