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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 30, 1997
Ticketmaster Group, Inc.
(Exact name of registrant as specified in its charter)
Illinois 0-21631 36-3597489
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
8800 Sunset Boulevard, West Hollywood, CA 90069
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (310)360-6000
N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
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Pursuant to a Mutual Release and Settlement Agreement, effective as of
June 30, 1997, among Ticketmaster Group, Inc. (the "Registrant"), Ticketmaster
Corporation of Washington, a Washington corporation and an indirect
wholly-owned subsidiary of the Registrant ("TMW"), and HBI Financial, Inc., a
Washington corporation ("HBI"), the parties agreed to settle and dismiss the
litigation entitled Ticketmaster Corporation of Washington v. HBI Financial,
Inc. v. Ticketmaster Group, Inc. then pending in the Superior Court of the
State of Washington for King County (Case No. 97-2-04887-7 SEA). As part of
such settlement, HBI sold its 50% joint venture interest in
Ticketmaster-Northwest, a Washington joint venture (the "Joint Venture"), to TM
Washington Ticketing Inc., a Washington corporation and an indirect
wholly-owned subsidiary of the Registrant ("TM Washington"), in consideration
of the payment by TM Washington to HBI of $12,550,000. Accordingly, the Joint
Venture, which operates an automated ticket selling business for sports and
other entertainment events in the State of Washington using the "Ticketmaster"
software system and marks, is now jointly owned by TMW and TM Washington.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TICKETMASTER GROUP, INC.
July 14, 1997 By: /s/ Peter B. Knepper
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Peter B. Knepper, Senior Vice
President and Chief Financial
Officer
