Good day, Bad day
Aussie actors, Ticketmaster
GOOD DAY FOR: Aussie actors, after Forbes rated Nicole Kidman the most overpaid celebrity. Kidman beat out last year’s winner, fellow Australian Russell Crowe; her ex-husband, Tom Cruise, came in at No. 4 this year. Forbes said that Kidman’s films earned $1 for every $1 she was paid. Jennifer Garner, No. 2 on this year’s list, whose movies earned $3.60 for every dollar paid. (Reuters)
BAD DAY FOR: Ticketmaster, which saw its share price fall 17 percent yesterday after rival Live Nation poached its second-biggest client, venue manager SMG. SMG manages 216 arenas and other municipal venues. Under the deal, Live Nation will take over SMG’s ticket sales by 2011. Ticketmaster threatened to start competing against SMG in venue management. (The Wall Street Journal)
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