UOMO Media Acquires Stake in GetTickets E Solutions Inc.
September 29, 2009. UOMO Media Inc., a multi-channel entertainment company, announced today an investment in GetTickets E Solutions Inc., an innovator in on-line and mobile ticketing. As part of the agreement, UOMO acquired an initial 15% stake in GetTickets, with the opportunity to acquire more, under certain performance mechanisms.
"UOMO is driven to become a next generation media and entertainment company," said Mr. Camara Alford, CEO and Chairman, UOMO Media Inc. "GetTickets has a business model that marries well with our company's strategic direction and helps complete the loop in our 360 degree strategy. They have developed a progressive ticketing solution that suits and serves the growing business and marketing needs of promoters and event organizers while keeping the customer happy. GetTickets has established very strong relationships with Blue Chip companies such as Live Nation, Bacardi (B-Live), Rogers Communications and WestJet Airlines, and we feel that a strategic alliance with UOMO is a natural extension of their current relationships."
In 2008 GetTickets, in co-operation with Live Nation, launched one of the first "end to end" mobile ticketing solutions in North America. The system allows event search, purchase, delivery and redemption, all from a mobile handset. In 2009 they extended the mobile to on-line, as well, with the launch of http://tickets.urmusic.ca/ for Rogers Communications.
"Mobile ticketing is going mainstream quickly and right now it's a "first mover" situation and we are proud to be one of the first," said Mr. Bill Gaskey, CEO, GetTickets. "The investment from UOMO brings together a series of new business opportunities for both companies. It is a great teaming of software, content and marketing. With UOMO we are excited to provide the pipeline for all their Oil".
Founded in 2005, GetTickets sends paperless tickets to buyer's cell phones or handheld device that can be scanned at the entry of an event. The company handles sales for festivals, trade shows, conferences, charities, concerts and corporate events. GetTickets will deliver mobile tickets to hundreds of events in North America in 2009. Get Tickets has also developed unique tools that use the mobile bar-code as a trigger to communicate with ticket buyers pre-event, at the event and post event, adding a new and immediate communication path to the end user. www.gettickets.ca
In March 2008, Juniper Research estimated that over 2.6 BILLION mobile tickets will be delivered to just over 208 million mobile phone users by 2011.
About UOMO Media Inc.
UOMO Media Inc. is a multi-channel entertainment company that acquires, produces, and manages intellectual media content and digital assets. UOMO integrates existing and well-established revenue streams in recorded music, publishing, and talent management through its five operating divisions: UOMO Digital, UOMOLife (including AdUOMO), UOMO Recorded Music, UOMO Talent Management, and UOMO Publishing. PricewaterhouseCoopers estimates that by 2011, the global media and entertainment industry will be worth US$ 2 trillion.