MP3.com Tackles Ticketing, Event Planning
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seeUthere.com provides tools to manage all aspects of an event including online ticketing, customized event Web sites, automated invitation and RSVP management and instant online reports that monitor ticket sales and revenue.
MP3.com (MPPP) will issue 5,948,023 shares of its common stock to purchase the firm, making seeUthere.com an MP3.com subsidiary. The acquisition is expected to close in the first quarter of 2000.
MP3.com plans to use the acquisition to allow its membership to organize and produce their own music events. MP3.com has a directory of more than 40,000 musicians, many of whom are independent. The ticketing and event planning features will add to the success of the firm's event calendar service, which chairman and chief executive officer Michael Robertson said has met with success.
In addition to the services offered to musicians, seeUthere.com will continue to provide event planning tools for individuals, corporations and non-profits, the firms said.