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Business News (more headlines) 05-03-2014

Avex Business Alliance With Yahoo Japan Corporation In Ticket Sales Business

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Avex Group Holdings Inc. announced that its wholly owned subsidiary, Avex Live Creative Inc. has agreed to establish a business alliance with Yahoo Japan Corporation to start a new ticket sales service in the entertainment area. Yahoo! Ticket ( http://tickets.yahoo.co.jp ) is the name of this new service.

Avex Group's mission is to deliver emotional experiences through entertainment, and "Digital" and "Alliance" are the two key concepts of the Group's growth strategy. ALC has been examining ways to create new businesses in line with these concepts.

As a result, ALC and Yahoo! Japan will launch Yahoo !Ticket service in late May (tentative). The new service aims to further energize the live entertainment market by raising awareness of live events to potential attendees. Yahoo! Japan is one of Japan's largest Internet media portals, and the new service combines the power of Yahoo! Japan, and ALC's expertise in ticket sales business.

Through this business alliance, the two companies will pursue further development of their businesses and achieve greater competitiveness by expanding their content. The synergistic effects generated by the combination of Yahoo!

Japan's media power and ALC's live platform business shall enable further user convenience offerings and create new value in the digital and entertainment field.

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