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♫ Summer of '69 ♫ (Redux)
Sorry to be reduxing yet again, but quite frankly with all the events of this week and last, there just really isn’t a song in my heart tonight. This one seemed to go over well last time I played it back in the middle of 2022, so hopefully you’ll all still like it. I know that at least Keith and Clive will! Typically, I get most of the trivia and backstory for my songs from SongFacts and…
♫ Summer of '69 ♫ (Redux)
♫ Summer of ’69 ♫ (Redux)
I first played this one just over a year ago, but I am reduxing tonight because … I promised our friend Clive that I would find one he likes better than the one I played yesterday. I remembered that this was one that he liked, so … this one’s for you, Clive! I have a double reason for playing this one tonight … nay, a triple reason! One is our friend Keith Wilson who said, speaking of Bryan…
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♫ Summer of '69 ♫
♫ Summer of ’69 ♫
I have a double reason for playing this one tonight … nay, a triple reason! One is our friend Keith Wilson who said, speaking of Bryan Adams, “‘Summer of ’69’ is probably my favorite of his because it seems autobiographical.” Two is our friend Clive who, also speaking of Bryan Adams, said, “My favourites of his are ‘Summer Of ‘69’ and ‘Run To You’, not that you were asking 😉“ And third, I…
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Bigtree Entertainment acquires Ticketgreen.com
Bigtree Entertainment, which runs the online ticket company BookMyShow.com, has acquired a Chennai-based entertainment ticketing portal, Ticketgreen.com, underlining the growing consolidation in the country's ecommerce sector.
This is the third buyout of an online commerce company by a larger rival this year as paucity of risk capital forces many young companies to seek exit options.
"When the winds are high all the boats squeal, it is only when winds drop you know which are good to sail," said Ashish Hemrajani, founder and chief executive officer of Bigtree Entertainment, who did not disclose the financial details of the transaction.
The deal will give Bigtree access to partnerships with over 100 regional cinemas that Ticket green has forged in the southern states where it sells nearly one lakh tickets per month. Around four billion movie tickets get sold in India every year.
"Growth in the multiplex space will in turn drive growth of on-line ticket booking companies," said Raja Lahiri, a partner at Grant Thornton, a consulting firm.
BookMyShow retails tickets for the latest movies, music concerts, plays, stand-up comic acts and major sporting events in the country. It has associations with over 350 cinemas and theatre venues such as Mumbai's Prithvi Theatre, India Habitat Centre in Delhi and Rangashankara in south Bangalore. A significant portion of its revenues come from managing non-movie events including Formula 1 and Indian Premier League. Last year the company received funding of 100 crore from early stage investor Accel Partners.
India's e-commerce industry is witnessing a spate of acquisitions as many smaller companies are unable to raise follow-on funding to sustain operations. There were 15 mergers and acquisitions in the sector in 2012, according to data from research firm Venture Intelligence.
