Blockbuster to sell Live Nation tickets

DALLAS and LOS ANGELES Blockbuster has signed a three-year agreement with Live Nation to become the exclusive physical retail ticket outlet for Live Nation Ticketing, Live Nation's new in-house ticketing company, beginning with the start of the 2009 concert season.

Under the agreement, Live Nation will sell its retail tickets exclusively through approximately 500 Blockbuster company-owned stores in strategically chosen markets across the country that mirror Live Nation's concert venue platform footprint.

The selected stores will offer exclusive blocks of tickets available only at Blockbuster during the first four hours of ticket sales, as well as general ticketing as long as supplies last. Blockbuster will be responsible for managing and operating all aspects of the ticket transactional experience.

"We are delighted to be teaming up with Live Nation, the world's leader in live music entertainment. Not only will this agreement drive hundreds of thousands of customers to our stores, it represents another step in the transformation of Blockbuster into a brand that offers the most convenient access to entertainment," said Jim Keyes, Blockbuster chairman and ceo. "We want customers to know that whatever their entertainment needs - from DVDs and games, to accessing tickets to some of the biggest concert events - they'll find those needs answered at Blockbuster. Our mission is to be the customer's one-stop entertainment destination."