Cher appeared on Jimmy Kimmel Live! this week to promote the first volume of her memoir, offering fans a glimpse into her life and her six-decade career.

During the candid conversation, she reflected on her partnership with Sonny Bono, shared the story behind her iconic driver’s license, and revealed unexpected anecdotes from her legendary journey.

Reflecting on her relationship with Sonny, her former husband and musical partner who first rose to fame with her as the duo Sonny & Cher in the 1960s, Cher shared how their professional collaboration shaped their lives.

“Doing the show kept us together because on the show we had so much fun,” she told Kimmel. “We were equal. That was… I mean, I loved it. We worked so well together, and it really kept us closer longer than I really wanted.” Starting with their breakthrough hit “I Got You Babe” in 1965, Sonny & Cher became one of the defining musical acts of their era.

Their humor and chemistry later transitioned seamlessly into television, making The Sonny & Cher Comedy Hour a staple of 1970s entertainment, even as their personal relationship faced challenges.

Cher also spoke about a man who helped her leave Sonny, calling him a pivotal figure during that period. “He was very instrumental in helping me to leave Sonny,” she said. “He was a really good person… I mentioned his whole name [in the memoir], so I wonder how does he feel about it.”

In a lighter moment, Cher discussed the process of obtaining a driver’s license that features only her first name. “I don’t have a last name, so it just says Cher on my driver’s license,” she explained. “You have to prove that someone could know you, like the populace could know you by that name. It’s not easy.”

Kimmel later challenged Cher with a rapid-fire question segment, where she revealed more about her offbeat experiences. She admitted to trying jury duty but was dismissed for being “too distracting.” “The judge kicked me out after 10 minutes,” she said with a laugh.

She also confessed to playing a video game just a month ago but remained tight-lipped about the details. When asked about visiting Costco, she hesitated before replying, “I think once,” eliciting laughs from the audience.

The conversation turned to Cher’s friendship with former President Jimmy Carter, as she recounted their first dinner together on his first night in the White House. She revealed Carter’s passion for rock and roll, noting that Gregory and the Allman Brothers Band raised the initial funds for his campaign. “He called me one time and asked me to do something on the Johnny Carson show,” Cher said. “Johnny Carson did not like me, had me thrown out of a party… but I didn’t like him either, so it didn’t make any difference.”

Cher’s memoir, Part One, debuted at No. 1 on the New York Times bestseller list and remained in the top spot for four non-consecutive weeks, cementing her impact not just in music and film, but in storytelling as well. Her influence on the Billboard charts is undeniable, with her groundbreaking hit “Believe” topping the Billboard Hot 100 for four weeks in 1999 and earning her a Grammy for Best Dance Recording. “If I Could Turn Back Time,” another fan favorite, remains a defining anthem of the late 1980s.

As fans eagerly anticipate the second volume of her memoir, slated for November, Cher joked, “I haven’t even started it.”

At the end of the interview, Cher left the audience laughing as she told Kimmel, “You’re a lot nicer and funnier than I thought you would be.”

Having recently wrapped up a successful year with the release of his critically-acclaimed Chromakopia album in late October, Tyler, The Creator now has more praise coming his way, this time from proto-punk veteran Iggy Pop.

77-year-old Pop took the time to heap praise upon Tyler on his Iggy Confidential radio show for BBC Radio 6 Music. In his raspy voice, Pop recalled how he and Tyler had previously worked together on an ad campaign for Gucci alongside A$AP Rocky.

“I’ve always liked Tyler,” Pop began. “I did a day’s work with him once, and he would do what it takes to get attention. He’s also a genuine all-around song, dance, writer talent — a genuine old-school talent with a new-school approach.”

The pair’s previous collaboration came about in February 2020, with Gucci seeing them team up with A$AP Rocky to promote their menswear collection which served as an ode to the archetypical rockstar.

“Male elegance can be unpredictable and strange,” Gucci’s Creative Director Alessandro Michele told Forbes of the campaign’s idea. “The result is a group campaign with three men who I believe had fun too.

“There is always this image of eccentricity, because they are in fact eccentric themselves,” he continued. “A certain type of fun is also portrayed and the idea of how one’s obsession with appearances can create a kind of common ground that can become a sort of brotherhood. It was beautiful to see these three men together, seemingly different but very similar.”

Pop’s description of Tyler – “a genuine old-school talent with a new-school approach” – seems to be apt, with the younger musician recently seeing some of his biggest successes to date with the release of the soul, jazz, and hip-hop blending Chromakopia.

Tyler’s eighth album, it became his third consecutive record to top the Billboard 200, while opening track “St. Chroma” became his first to reach No. 1 on Billboard’s Streaming Songs chart.

Previously, his top-performing songs on Streaming Songs, which began in 2013, had been “Earfquake” and “Wusyaname” (the latter featuring YoungBoy Never Broke Again and Ty Dolla $ign), both of which peaked at No. 3 in 2019 and 2021, respectively. Notably, this latest success was accompanied by the single “Noid” being found in the No. 2 position.

An Australian construction company has issued an apology following the demolition of a Sydney home that once housed future AC/DC members Angus and Malcolm Young.

The house, which had been located at 4 Burleigh Street in the Western Sydney suburb of Burwood, was reportedly razed in late 2024 following a sale in February 2023 for AUD $5.8 million.

In 1963, the Young family moved to Australia from Scotland, first staying at the Villawood Migrant Hostel. It was here that a teenaged George Young met his future musical collaborator, Dutch migrant Harry Vanda.

Together, they would form The Easybeats in late 1964, with their signature song “Friday on My Mind” being regarded as one of Australia’s most enduring working class anthems. Released in 1966, the track would reach No. 16 on the Billboard Hot 100 in early 1967. The pair’s wildly-successful Vanda & Young partnership would also result in writing “Love is in The Air”, which reached No. 7 on the Hot 100 after being recorded by the unrelated John Paul Young in 1977.

The Young family moved to the Burleigh Street address in 1965 after time spent at other houses in the suburb, with brothers Angus and Malcolm honing their musical talents while living there. In 1973, the pair would co-found AC/DC, who have since become one of Australia’s most successful rock exports of all time. George would also play in the group’s early lineups, eventually taking on production duties for their first records alongside Vanda.

The legacy and importance of the address to the Sydney community had been recognized numerous times over the years. In 2013, the house was listed on the National Trust Register of Historic Houses, and in 2024 the local Burwood Council commissioned a mural of Angus and Malcolm by artist Claire Foxton which is still visible on the side of 12 Burleigh Street.

News broke of the house’s demolition in late December, with outrage from both fans and the local community reaching the Burwood Council, who defended the demolition despite the presence of the address on the National Trust.

“As it is not heritage listed or protected under local or state legislation, and because The National Trust is a community-based, non-government organisation, with no statutory authority, the property does not have enforceable protections,” the Council stated.

“Burwood Council remains committed to finding new ways to celebrate the Young family and the area’s rich musical heritage.”

Per reports, the purchase and demolition of the house were initiated by local construction company Burwood Square Pty Ltd , who had also purchased the adjoining property with the intent of redeveloping the location into a AUD $28.75 million residential site

However, in a statement from Burwood Square general manager Leon Kmita (published via The Herald Sun), the company has shared their regret for the demolition, claiming they were unaware of the cultural importance held by the house.

“We regret that the previous long-term owner did not share this vital part of the property’s background with us,” Kmita said. “Learning about this connection after our plans were already underway has shocked us. We are genuinely sorry for this oversight.”

According to Kmita, the Burwood Square team are in the process of attempting to salvage materials so they can create a “special space” for fans of AC/DC to “gather to celebrate the band’s enduring legacy”.

“On behalf of the team at Burwood Square, I want to convey our heartfelt regret … we now recognise how deeply this location resonates with the AC/DC community and fans worldwide,” Kmita continued. “We feel a strong responsibility to honour AC/DC’s legacy and to make amends to all the fans who hold this band in such high regard.

“While we cannot change the past, we are dedicated to celebrating this significant part of their story,” he added. “To the global fanbase of AC/DC, please know that we hear you, appreciate your deep admiration for this legendary band, and are devoted to making this right.”

ROSÉ is fresh off the release of her solo debut album, Rosie, and she joined Kelly Clarkson on the latter’s daytime talk show to open up about how vulnerable she’s been getting on her solo music.

“Rosie is the name that my friends and family call me, so as much as this album is a little journal of my twenties, I wanted my fans to feel like they can call me Rosie and feel like I’m their friend,” she said of her first full-length project outside of BLACKPINK. “I healed so much through the whole process. For me, it’s a really personal album and I’m really grateful for it.”

Of being open and “trauma dumping” during the songwriting process, ROSÉ noted that she’s “extroverted,” adding, “I ended up figuring out that I love talking about my problems in life to strangers. […] It was like a free therapy session.”

The 12-track set, which was released in December, includes hit single “APT.” with Bruno Mars — which has spent 10 weeks so far at No. 1 on the Billboard Global 200 — and “Number One Girl.” “I have poured my blood and tears into this album,” she wrote on Instagram when she first announced the project back in October. “I cannot wait for you to listen to this little journal of mine. Rosie – is the name I allow my friends and family to call me. With this album, I hope you all feel that much closer to me.”

The performer’s solo exhibition comes a little over two years after BLACKPINK’s last album, Born Pink, which debuted at No. 1 on the Billboard 200

New York rapper Ice Spice has used the penultimate show of her current touring schedule to share a brief apology for a controversial appearance at an Australian festival last week.

Ice Spice has spent the new year period in Australia, where she was booked to perform at a couple of festivals, including the Beyond the Valley festival in the state of Victoria, and three legs of the Wildlands Festival in capital cities Brisbane, Perth, and Adelaide.

The Brisbane edition of Wildlands took place on New Year’s Eve, just one day ahead of Ice Spice’s 25th birthday, and as one of the headliners, the musician was scheduled to perform in the 10:30pm – 11pm slot. While her spot was reportedly brought forward by five minutes, Ice Spice was ultimately 30 minutes late to the stage, and didn’t appear before the crowd until 10:55pm.

Due to the festival’s tight scheduling ahead of the evening’s celebrations, Ice Spice was only able to perform two songs – including “Deli” and “Princess Diana” – before her microphone was cut off during “In Ha Mood”.

“At 11.01pm – they gave her an extra minute – they cut the mic and you heard the collective sigh from the crowd,” journalist and podcaster Brenton Larney told The Guardian. “They’d been waiting for a while and they get two songs?

“So that was a bit ridiculous and it was just really disrespectful how she walked off, she was laughing, they tried to give her flowers for her birthday and she just shrugged them off,” he added, noting that it seemed as though the musician “didn’t want to be there”.

Though initially silent in the aftermath of the festival, organizers later addressed the situation via their Instagram comment section, explaining that Ice Spice’s microphone had to be cut off to ensure the rest of the festival – which included a countdown from U.K. duo Chase & Status – ran to time.

“We understand that Ice Spice’s delayed arrival caused some disappointment,” the festival stated. “Managing a stacked festival means that we have to be extremely firm with set times. We had a strict curfew of 12:30 and need to ensure that the final act went on stage on time, so everyone could enjoy the New Year’s Eve countdown.”

While Ice Spice was herself silent following the event, the musician returned to the stage on Saturday (Jan. 4) to perform at the Perth leg of the festival, where she briefly addressed the situation ahead during her set, as local radio station Youth Jam have reported.

“I’m sorry guys, surely y’all can forgive me,” she was quoted as saying. “It was my birthday and it takes a long time to look like a Barbie.” The statement was ostensibly shared as a brief lead in to her next song, the Nicki Minaj collaboration “Barbie World”.

Ice Spice wrapped up her current touring plans the following day (Jan. 5) with a performance in Adelaide, closing out the global tour in support of her debut album, Y2K!. The record received largely positive reviews from critics and reached No. 18 on the Billboard 200 and No. 3 on the Top R&B/Hip-Hop Albums chart.

15 years on from his death at the age of 74, actor Dennis Hopper will have his legacy further immortalized thanks to a new concept album from Scottish rock band The Waterboys.

Fittingly-titled Life, Death and Dennis Hopper, the record is scheduled for April 4 release via the historic Sun label, and features a number of special guests, including Bruce Springsteen, Fiona Apple, Steve Earle, Taylor Goldsmith, and more. Apple is herself a noted fan of The Waterboys, having covered their signature song “The Whole of the Moon” for the series finale of Showtime’s The Affair in 2019.

Interestingly, The Waterboys have previously focused on Hopper for their work, with 2020’s Good Luck, Seeker featuring a track named after the late actor.

“The arc of his life was the story of our times,” said The Waterboys’ Mike Scott in a statement. “He was at the big bang of youth culture in Rebel Without a Cause with James Dean; and the beginnings of Pop Art with the young Andy Warhol. He was part of the counter-culture, hippie, civil rights, and psychedelic scenes of the ’60s.

“In the ’70s and ’80s, he went on a wild 10-year rip, almost died, came back, got straight and became a five-movies-a-year character actor without losing the sparkle in his eye or the sense of danger or unpredictability that always gathered around him.”

The album’s first single, “Hopper’s on Top (Genius)”, will arrive on Friday (Jan. 9), and will preview a record which also features the talents of artists such as Barny Fletcher, Sugarfoot, Anana Kaye, Patti Palladin, and Kathy Valentine of The Go-Go’s.

“It begins in his childhood, ends the morning after his death, and I get to say a whole lot along the way,” added Scott. “Not just about Dennis, but about the whole strange adventure of being a human soul on planet Earth.”

The surviving members of Canadian progressive rock outfit Rush have reflected on their final tour, sharing their regrets that the tour didn’t extend to the likes of the U.K. and Europe.

Close to ten years on from their final run of shows, Rush bassist Geddy Lee and guitarist Alex Lifeson spoke to Classic Rock magazine about the group’s last gigs, apologizing to the British and European fans who didn’t get a chance to see them perform live.

“I’d pushed really hard to get more gigs so that we could do those extra shows and I was unsuccessful,” Lee said of the band’s R40 Live Tour. “I really felt like I let our British and European fans down. It felt to me incorrect that we didn’t do it, but Neil [Peart] was adamant that he would only do thirty shows and that was it.

“That to him was a huge compromise because he didn’t want to do any shows. He didn’t want to do one show.”

Rush’s R40 Live Tour kicked off in Tulsa, OK in May 2015, and featured a total of 35 shows across the U.S. and the band’s native Canada, ending in August of that year. Ultimately, while Rush’s dedicated fanbase called out for more dates to be added, these would become the final performances from the veteran band. Despite releasing their final album, Clockwork Angels, in 2012, Rush’s dissolution wasn’t confirmed until the death of longtime drummer Neil Peart in January 2020.

While Lee would detail the band’s final tour in his 2023 memoir, My Effin’ Life, he admitted to being very cautious in regard to how he discussing Peart’s death, but strived to be as candid as he could so as to give Rush’s audience the closure they wanted about the band’s end.

“I just kind of felt I owed an explanation to them, the audience,” Lee explained. “It’s part of why I went into the detail I did about Neil’s passing in the book, was to let fans in on what went down. That it wasn’t a straight line.

“This is how complicated the whole world of Rush became since August 1 of 2015 until January 7th of 2020 when Neil passed. Those were very unusual, complicated, emotional times. Fans invested their whole being into our band and I thought they deserved a somewhat straight answer about what happened and how their favourite band came to end.”

Lifeson also expressed his disappointment about Rush being unable to tour some of their favourite markets as part of their final run, noting that while Peart’s scheduling demands and health issues made further shows impossible, an additional “dozen or so” dates may have made the surviving members “a bit more accepting”.

“There was a point where I think Neil was open to maybe extending the run and adding in a few more shows, but then he got this painful infection in one of his feet,” Lifeson added. “I mean, he could barely walk to the stage at one point. They got him a golf cart to drive him to the stage. And he played a three-hour show, at the intensity he played every single show.

“That was amazing, but I think that was the point where he decided that the tour was only going to go on until that final show in LA.”

Having formed in Toronto in 1968 by Lee, Lifeson, and original members John Rutsey and Jeff Jones, Rush began to find widespread fame throughout the ’70s, with Peart replacing Rutsey following the recording of their 1974 self-titled debut.

While much of Rush’s touring was confined to the U.S. and Canada, the U.K. was their next most popular market, with European countries such as Germany and the Netherlands following behind. Curiously, Rush rarely ventured beyond these territories, with countries such as Australia never hosting the band on their shores.

After BABYMONSTER spent 2024 solidifying their position as one the year’s standout K-pop rookie acts, the girl group is looking to extend their reach with fans worldwide during their first-ever world tour <HELLO MONSTERS> that the septet is preparing with a dynamic production to distinguish itself from other K-pop acts and showcase what truly makes them unique.

Hot off the group’s Billboard 200 debut with their first full-length [Drip] splashed onto the charts in November, the stars tease a “vibrant setlist” featuring never-before-performed tracks from the LP alongside individual solo stages by members RUKA, PHARITA, ASA, AHYEON, RAMI, RORA, and CHIQUITA. Accompanied by a live band, the <HELLO MONSTERS> tour will rock major arenas like Los Angeles’ Kia Forum and the Prudential Center in Newark, NJ, to help cement their reputation as rising live-performance powerhouses. So far, BABYMONSTER has already wowed live audiences with standout appearances at K-pop award shows (a highlight of the year for RORA) and as special guests during dates of 2NE1‘s highly anticipated reunion tour across Asia (which “felt like a dream,” according to youngest member CHIQUITA).

Billboard caught up with the monster rookies to learn about the creative process behind their tour, the group’s favorite moments and tracks from last year, and New Year’s greetings and messages for their loyal fans — adorably known as MONSTIEZ.

Congratulations on announcing your first-ever world tour! What does it mean to you as a group that your first U.S. shows will be at iconic arenas like the Kia Forum and Prudential Center? 

RUKA: We are honored and thrilled to be able to hold our first U.S. shows at such iconic arenas. We promise to deliver amazing, unforgettable performances that you’ll cherish for a lifetime, so please look forward to them! 

The name is really fun, how did you decide on the name for your world tour? Is there a message you wanted to convey?

RAMI: <HELLO MONSTERS> was chosen with the idea of our first meeting with our fans in mind and the very first greeting we will share when we meet in person. We would like to extend a heartfelt first greeting through our music and performances. First meetings are always so exciting, which is why we are especially looking forward to the upcoming shows! This tour will be a chance for us to share our story with all of you and create special, unforgettable moments that will be cherished for years to come.

CHIQUITA: For the first time ever, we’re unveiling performances from our first full-length album, [DRIP], including solo stages and a vibrant setlist. We can’t wait to showcase not only the unique charms of our seven members but also the incredible synergy we share together.  

The tour begins in Seoul in late January. What songs are you looking forward to performing for the most? And what should U.S. fans expect from your shows?

PHARITA: I’m so excited to perform songs we’ve never shared with our fans before! However, the song I always enjoy performing the most on stage is “BATTER UP (Remix)!”

ASA: Our U.S. fans will get to experience our vibrant performances and high-energy stages. We hope to create special moments with music and performances that showcase our unique style. Additionally, we look forward to connecting more closely with MONSTIEZ and sharing unforgettable moments together!

BABYMONSTER gained a lot of attention for the live “band” performances of your songs like “SHEESH” and “FOREVER.” I hope that means you’ll be touring with a live band in the U.S.? 

AHYEON: We believe that a live band is the best way to capture the energy and atmosphere of the moment, so we’ve decided to perform every song with one! The rearrangements in each track will bring a fresh, new vibe while adding elements we hope you’ll find exciting and enjoyable.

Beyond the concerts, what are you looking forward to doing or experiencing in the LA or NY areas? 

RAMI: I want to stroll, shop, and enjoy delicious food at my leisure while soaking up the sun on the streets of LA. In NY, I definitely want to visit Times Square!

Taking a step back, 2024 has been a monumental year for the group; what stands out as most memorable?

RORA: It’s definitely hard to choose just one, as there have been so many memorable moments! However, the most unforgettable moment for me was performing at the year-end annual music festival. It is both the most recent and the most memorable. It was my first time performing on such a big stage, and everything — from the newly arranged songs and choreography, to the stage and outfits — was perfect, making it such a fun performance. 

One of my personal highlights was seeing BABYMONSTER perform as guests on 2NE1’s comeback concerts. What was your experience alongside such icons? 

CHIQUITA: It was such an honor and felt like a dream to perform on stage at the 2NE1 concerts — seniors I’ve admired since I was young! Watching their amazing performances inspired me to improve and strive to do even better on our own stages in the future. 

BABYMONSTER won several new-artist awards this year and was named K-Pop Rookie of the Month at Billboard. What do these titles mean to you and what more would you like to show moving forward? 

RUKA: As we’ve been given the “Monster Rookie” title, we’ll continue to work hard, strive to show our growth, and always present new and different sides of ourselves. 

The start of the year is often a time for goal setting. What dreams do you have for 2025, whether as a group or as individuals?

PHARITA: 2024 was filled with amazing opportunities and achievements. I’m so proud of all our members and I hope we continue to grow and stay healthy throughout our 2025 tour. 

ASA: As a group, we hope to connect with more fans and share our music and performances with a wider audience on stages around the world. We also aim to continue challenging ourselves with new music styles and to showcase our growth. In 2025, we’ll work even harder to ensure we can share amazing moments together.

Billboard always shares its staff picks for the best songs of the year. What were each of your favorite songs from 2024?

RUKA: “Die With a Smile” by Lady Gaga and Bruno Mars 

PHARITA: “Good Graces” by Sabrina Carpenter 

ASA: “POWER” by G-DRAGON 

AHYEON: “Soft Spot” by keshi 

RAMI: It would have to be “toxic till the end” by ROSÉ! It’s one of the songs I listen to every single day because I love the melody and style so much! 

RORA: “BIRDS OF A FEATHER” by Billie Eilish 

CHIQUITA: “BILLIONAIRE” by BABYMONSTER 

Any other messages you’d like to share with international fans and Billboard readers?

AHYEON: I hope everyone stays healthy and happy in the new year. We’ll work hard to make sure 2025 is a year where we can take another step forward and show even better versions of ourselves. Thank you, and wishing you all a happy new year.

RORA: First of all, kudos to everyone for all the hard work and dedication you’ve shown throughout 2024 — you’ve all been amazing! 2024 has been especially meaningful for BABYMONSTER, as it marked the beginning of our journey. We’ve worked incredibly hard, given it our all, and gained so many valuable experiences. I’m truly grateful to everyone who has supported us, and as the years go by, we promise to become stronger and even more incredible artists. Last but not least, we’d like to express our deepest gratitude to all the Billboard readers who love and support BABYMONSTER. Thank you so much!

Will Smith sent Matrix fans into a frenzy on Monday morning (Jan. 6) when he shared an Instagram post that appeared to be teasing his role in the next installment of the popular film franchise.

However, insiders tell The Hollywood Reporter that Smith will not be joining Warner Bros. and director Drew Goddard’s The Matrix 5, which was confirmed to be in development in early 2024.

In his post, Smith revealed how he passed on the starring role of Neo in the original 1999 sci-fi classic, directed by Lana Wachowski and Lilly Wachowski — complete with Matrix-inspired digital font over a black screen that reads: “In 1997, the Wachowskis offered Will Smith the role of Neo in ‘The Matrix.’ Smith turned it down,” his Instagram video, written in third-person, reads. “He chose ‘Wild Wild West,’ believing it was a better fit for him at the time. But the question remains: What would ‘The Matrix’ have been like with Will Smith as Neo?”

See the post here.

While Smith will not be taking on the role of Keanu Reeve’s leading character, there is a chance that the teaser post is music related. Smith has not released a studio album since 2005, but he’s been teasing a return to music, including dropping a new single, “Work of Art,” which features his son, Jaden Smith, as well as rapper Russ. In April, Smith made a surprise cameo during J. Balvin’s Coachella set, followed by the live debut of his gospel-tinged song “You Can Make It” at June’s BET Awards.

He also discussed an upcoming album — tentatively titled Dance in Your Darkest Moments — in a May 2024 interview, saying, “Over the past year and a half, I’ve been in the studio. I have a project that is the most personal and powerful music project I’ve ever done. The idea of the music is, ‘Dance in your darkest moments.’” In July, Smith signed to Slang Music Group, home to Big Sean, Mira Black, Niki Lynette, Savvy & Mandy and Syleena Johnson.

Vivid Seats, an online ticket resale marketplace that went public through a SPAC merger in 2021, is reportedly fielding acquisition offers from several equity firms hoping to take the company private, according to a recent report in Bloomberg. Company officials have brought on an advisory firm to help gauge interest in a potential sale, according to the report.  

The acquisition buzz led to a 20% jump in the company’s share price on Dec. 30 that has held more than a week after news of a purchase first broke, closing today at $4.57 per share. Vivid Seats is based in Chicago and was launched in 2001 by Jerry Bednyak and Eric Vassilatos as a competitor to resale platform StubHub and gained popularity with fans and ticket brokers for its ease of use and high traffic. In 2017, private equity firm GTCR acquired a majority stake in Vivid Seats. A year later, Bednyak and Vassilatos left the company and went on to launch venture group Skybox Capital.  

Related

In 2021, Vivid Seats merged with Horizon Acquisition Corporation, a special purpose acquisition company (SPAC) controlled by Todd Boehly’s Eldridge Industries (a stakeholder in Billboard parent company PMC as well), and now trades on the NASDAQ under the ticker symbol SEATS. Recent SEC filings show Eldridge owns 40% of Vivid’s Class A shares. Vivid is managed by CEO Stan Chia, who joined the company in 2018. 

In 2023, Vivid processed $3.9 billion worth of transactions (compared to $3.2 billion in 2022) with revenue up 19% for the year to $712 million and adjusted EBITDA up 25% to $142 million.  While year-end results for 2024 won’t be available for several more weeks, a recent Citibank analyst report said the firm remains “an attractive private equity takeout candidate with a fairly robust internal rate of return.” 

Vivid is believed to represent about 25% of the North American ticket market, although its market share of concert tickets is believed to be larger since 52% of its sales are linked to music and 33% come from sports, according to one analyst report. Major headwinds for the company include concerns about a cooling consumer market after several years of double-digit price increases in the concert ticket space and fears of a pending crackdown on the secondary ticketing business by federal authorities. A recent letter to the Federal Trade Commission from the National Independent Talent Organization complained that suppliers to sites like Vivid and Stubhub often deploy illegal methods for procuring ticketing inventory, including methods that violate the 2016 BOTS Act. A crackdown on suppliers violating federal law could significantly reduce the volume of sales on the Vivid website and negatively impact future revenues.