Ticketmaster Expands Operations in China

Ticketmaster Expands Operations in China

May 25, 2007

Ticketmaster Announces Majority Investment in Emma
Entertainment Holdings HK Limited


    BEIJING and W. HOLLYWOOD, Calif., May 25
/Xinhua-PRNewswire/ -- Ticketmaster, the world's leading
ticketing company and an operating business of IAC (Nasdaq:
IACI), has expanded its operations in the People's Republic
of China by acquiring a majority stake in Emma
Entertainment Holdings HK, Limited, a provider of ticketing
and event promotions services in China.  The investment in
Emma Entertainment reflects Ticketmaster's continued
commitment to fostering the growth of live events in the
People's Republic of China.  It marks the third investment
Ticketmaster has made in the market in the past twelve
months, following the formation of Beijing Gehua
Ticketmaster Ticketing Co., Ltd. and Broadway China
Network.
 
    "What attracted us to Emma is great local
management.  Jonathan Krane, Emma Entertainment's CEO, has
done a fantastic job navigating the complicated dynamics of
the rapidly developing Chinese market," said Eric
Korman, Executive Vice President, Ticketmaster. 
"Under Jon's leadership, Emma has established more
than 30 exclusive ticketing venue contracts in five
different major cities in China in just three years of
operation.  Equally as important, Emma has been
instrumental in presenting many major events into the
People's Republic of China, such as the Rolling Stones and
Eric Clapton."  Korman continued, "We're thrilled
about the investment and we look forward to working with all
of our partners to accelerate live events in the PRC."


    "Emma is proud to become a part of the world's
leading ticketing company," said Jonathan Krane. 
"We look forward to working with Ticketmaster to
develop our Chinese ticketing operations and bring great
live entertainment to the people of China."
 
    Emma Entertainment will continue to grow its ticketing
and event promotion services and facilitate advanced ticket
sales to consumers in China.  Emma Entertainment will change
its name to Emma Ticketmaster, and become an operating
business of Ticketmaster.  Jonathan Krane will remain CEO
and will continue to be responsible for leading Emma's
business and strategic operations in China.  

    About Ticketmaster

    Ticketmaster is the world's leading ticketing company,
operating in 20 global markets, providing ticket sales,
ticket resale services, marketing and distribution through
http://www.ticketmaster.com , one of the largest e-commerce
sites on the Internet; approximately 6,500 retail outlets;
and 20 worldwide call centers. Ticketmaster celebrated its
30th anniversary in 2006 and currently serves more than
9,000 clients worldwide across multiple event categories,
providing exclusive ticketing services for hundreds of
leading arenas, stadiums, performing arts venues, museums,
and theaters. In 2006, the company sold more than 128
million tickets valued at over $7 billion on behalf of its
clients. Ticketmaster is headquartered in West Hollywood,
California and is an operating business of IAC (Nasdaq:
IACI).

    About Emma Entertainment

    Beijing and Shanghai based Emma Entertainment is a
leading event ticketing and promotions company in the
People's Republic of China. It currently sells tickets
through distribution networks within Beijing, Shanghai,
Jiangsu and Zhejiang provinces, and through its web
service, http://www.emma.cn and national call center. 
Emma's ticketing client base includes major venues
throughout the People's Republic of China and its promoted
and ticketed events in the PRC include the Rolling Stones,
Eric Clapton, Christina Aguilera, Whitney Houston, Sarah
Brightman, Backstreet Boys, Jay Chou, Olympic Festival
concerts, China Tennis Open, Manchester United vs. Beijing
match, Johnnie Walker Golf Classic, A1 Race and the
upcoming Women's World Cup and NBA China Exhibition Game.


    For more information, please contact:

     Ed Stewart
     Tel:   [phone]
     Email: [e-mail]

     Bonnie Poindexter
     Tel:   [phone]
     Email: [e-mail]