Don't let TM near BOCS - Victoria got burnt
Sat, 21 Apr 2001, 09:34 amWalter Plinge4 posts in thread
Don't let TM near BOCS - Victoria got burnt
Sat, 21 Apr 2001, 09:34 amhttp://www.audit.vic.gov.au/mp2000/mp00dpc.htm#3.6.51
Check out this section, now would you go into joint venture with them?
Only thing that stops TM selling your grandmother is that you won't pay the booking fee!!
Sale of ticketing joint venture interests – Victorian Arts Centre Trust
The result achieved from the sale of Victorian Arts Centre Trust's interest in 2 ticketing joint ventures was at the lower end of independent valuations obtained prior to the sale, and well below the recommended sale price advised to the Trust in August 1998.
Paras 3.6.51 to 3.6.58
The net proceeds from the sale of the 2 joint ventures to the Trust, after taking into account the costs of sale of approximately $511 000, were around $3.4 million.
Para. 3.6.58
aha ....
3.6.50 Subsequently, the Trust received legal advice indicating that Ticketmaster Corporation had committed the following possible breaches in relation to the joint venture arrangements:
Joint Venture 1
A contribution of $670 000 towards the acquisition of FirstCall without the knowledge and approval of the Trust or its representative;
The submission of tenders with conditions to make significant up-front payments without the prior agreement of the Trust; and
The withholding of management incentive payments to the Trust;
Joint Venture 2
The acquisition of FirstCall and the entering into related financing arrangements; and
The submission and negotiation of ticketing tenders relating to the Sydney 2000 Olympics without prior agreement of the Trust of the terms of the tender.
Check out this section, now would you go into joint venture with them?
Only thing that stops TM selling your grandmother is that you won't pay the booking fee!!
Sale of ticketing joint venture interests – Victorian Arts Centre Trust
The result achieved from the sale of Victorian Arts Centre Trust's interest in 2 ticketing joint ventures was at the lower end of independent valuations obtained prior to the sale, and well below the recommended sale price advised to the Trust in August 1998.
Paras 3.6.51 to 3.6.58
The net proceeds from the sale of the 2 joint ventures to the Trust, after taking into account the costs of sale of approximately $511 000, were around $3.4 million.
Para. 3.6.58
aha ....
3.6.50 Subsequently, the Trust received legal advice indicating that Ticketmaster Corporation had committed the following possible breaches in relation to the joint venture arrangements:
Joint Venture 1
A contribution of $670 000 towards the acquisition of FirstCall without the knowledge and approval of the Trust or its representative;
The submission of tenders with conditions to make significant up-front payments without the prior agreement of the Trust; and
The withholding of management incentive payments to the Trust;
Joint Venture 2
The acquisition of FirstCall and the entering into related financing arrangements; and
The submission and negotiation of ticketing tenders relating to the Sydney 2000 Olympics without prior agreement of the Trust of the terms of the tender.
RE: Don't let TM near BOCS - Victoria got burnt
Sun, 22 Apr 2001, 11:13 pmWalter Plinge
OK, I'm a Bocs employee (and noted with some glee someone posting stuff pre-election) and we are hamstrung to tell people what we know about for a couple of reasons:
1) We were threatened with dismissal for even suggesting to customers that we were up for sale, and
2) We are never being told anything.
As far as I have heard at the moment, and bear in mind that this is rumour-mongering, nothing more, a certain member of the trust (nameless) has decided that it will cost too much money to upgrade the BOCS system...the state of the system was one of the reasons for Ticketek pulling out of the bidding process, I think.
Labor did promise not to privatise BOCS, but you never know with pre-election promises do you? At any rate, everything is silent at the moment.
As far as Ticketmaster goes, I can say for sure that their telephone staff would have NO knowledge of Perth performance spaces in the way we do. They may be fine for sporting events but it's a different kettle of fish for theatre etc.
Which brings me to my final point/idea. I don't know how financially viable it would be but I would have thought that if we lost our ticketing services to the Eastern states it might be a nice idea to begin a company along the lines of, say, PerthTix.com. I have noticed that many of our local companies self-ticket, presumably because it is too difficult to set up through BOCS etc, particularly for last minute purchases. Maybe a small completely local operation could help ticket the Blue Room and other small theatre ventures (there's always something on like that in Perth).
Anyway, I'm rambling a little, but respond, tell me what you think and I'll tell you what I can.
Cheers,
Simon Keen
1) We were threatened with dismissal for even suggesting to customers that we were up for sale, and
2) We are never being told anything.
As far as I have heard at the moment, and bear in mind that this is rumour-mongering, nothing more, a certain member of the trust (nameless) has decided that it will cost too much money to upgrade the BOCS system...the state of the system was one of the reasons for Ticketek pulling out of the bidding process, I think.
Labor did promise not to privatise BOCS, but you never know with pre-election promises do you? At any rate, everything is silent at the moment.
As far as Ticketmaster goes, I can say for sure that their telephone staff would have NO knowledge of Perth performance spaces in the way we do. They may be fine for sporting events but it's a different kettle of fish for theatre etc.
Which brings me to my final point/idea. I don't know how financially viable it would be but I would have thought that if we lost our ticketing services to the Eastern states it might be a nice idea to begin a company along the lines of, say, PerthTix.com. I have noticed that many of our local companies self-ticket, presumably because it is too difficult to set up through BOCS etc, particularly for last minute purchases. Maybe a small completely local operation could help ticket the Blue Room and other small theatre ventures (there's always something on like that in Perth).
Anyway, I'm rambling a little, but respond, tell me what you think and I'll tell you what I can.
Cheers,
Simon Keen