Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Magic Arts & Entertainment Announces Five-Year Partnership With Olympia Entertainment

Mon. August 18, 2008; Posted: 08:02 AM
Stocks RSS
STUDIO CITY, Calif., Aug 18, 2008 (GlobeNewswire via COMTEX) -- TIXC | Quote | Chart | News | PowerRating -- Magic Arts & Entertainment, a subsidiary of Tix Corporation (Nasdaq:TIXC), today announced its partnership and five-year agreement with Olympia Entertainment to present "My Foxtown Theater Series," the Broadway series at the fabulous Fox Theatre in Detroit, Michigan. The shows included in this upcoming season are Tony-Award winning, critically acclaimed and family favorite shows.

The inaugural season of "My Foxtown Theater Series" goes on sale August 15 as a presale to former ticket buyers, and the public onsale is scheduled for September 12. The shows included in the season are:

Mannheim Steamroller, December 18 and 19th, 2008 Hairspray, January 9 through January 11th, 2009 Jesus Christ Superstar starring Ted Neeley, March 1st, 2009 Movin' Out, March 27 through March 29th, 2009 Riverdance, April 8 through April 12th, 2009

This five-year agreement between the two companies also encompasses two other Olympia Entertainment-operated venues including: the Masonic Temple Theatre (4,000 seats) and The City Theatre (400 seats).

Magic Arts & Entertainment is headed by longtime-business partners Lee D. Marshall and Joe Marsh. In 2008, Magic Arts & Entertainment became part of Tix Corporation with Marshall and Marsh assuming the roles of Co-CEO of Tix Productions, a newly-formed subsidiary of Tix Corporation. The Magic office is run out of Cleveland, OH and Salt Lake City, UT.

Magic's current productions include Michael Flatley's Lord of the Dance; The Magic of David Copperfield; Jesus Christ Superstar, starring Ted Neeley; Rain, A Tribute to The Beatles; Mannheim Steamroller and the upcoming tours of Bob the Builder Live; and 101 Dalmatians "The Musical."

Olympia Entertainment is one of the industry's most diverse sports and entertainment companies, owned by Detroit entrepreneurs Mike and Marian Ilitch. Headquartered in Detroit, Olympia Entertainment owns and operates Detroit's Fox Theatre, the intimate City Theatre, and also books and operates Masonic Temple Theatre, Joe Louis Arena, Comerica Park and "The Legendary" Cobo Arena. Other Ilitch-owned companies include: the Detroit Red Wings, the Detroit Tigers, Little Caesars Pizza, Blue Line Foodservice Distribution, Olympia Development, Little Caesars Pizza Kit Fundraising Program, Champion Foods, Uptown Entertainment, and a variety of venues within these entities. Additionally, Marian Ilitch is the owner of MotorCity Casino in Detroit. 2007 revenues for the Ilitch-owned companies totaled $1.8 billion.

About TIX Corporation

Tix Corporation is an integrated entertainment organization offering ticketing services, event merchandising and concert and theatrical productions. It currently operates five prime locations in Las Vegas under the Tix4Tonight marquee -- offering up to a 50 percent discount for same-day shows, concerts, attractions and sporting events. It also offers discount products for golf and dining at its sales locations in Las Vegas. The company also offers premium tickets to concerts, theater and sporting events throughout the United States under its Tix4AnyEvent.com brand. Its Exhibit Merchandising operation is engaged in branding, product merchandise development and sales activities related to museum exhibitions and other events -- including the King Tutankhamen and Real Pirates tours, selling themed souvenir memorabilia and collector's items in specialty stores in conjunction with the specific events and venues.

The company's newest division, Tix Productions is dedicated to concert and live theatrical promotion and production of events throughout the United States, Canada and Europe and operates under the banners of its recent acquisitions, Magic Arts and Entertainment and NewSpace Entertainment.

Safe Harbor Statement

Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are discussed in the company's various filings with the Securities and Exchange Commission.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Tix Corporation

ICR, LLC Investor Relations Contact John Mills Anne Rakunas 310-954-1100

For full details for TIXC click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Most Popular News
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.