SEATTLE -- iLike.com, a new social music discovery service, has secured funding from Ticketmaster, the world’s leading ticketing company and an operating business of IAC/InterActiveCorp (Nasdaq: IACI). Ticketmaster has invested $13.3 million in iLike.com and signed a commercial agreement that will enable iLike to extend its reach while enabling Ticketmaster to engage consumers with deeply-integrated music and event discovery services intended to drive ticket sales. Other terms of agreement were not disclosed.

Via its website (www.iLike.com) and optional add-ons for iTunes and MySpace, iLike enables consumers to discover new music through personalized recommendations and by following what new music their friends are listening to. Ticketmaster’s investment in iLike reflects the ticketing company’s ongoing commitment to bringing artists and fans closer together. The companies will work closely to integrate event-ticketing opportunities with the online music experience.

“Live performance is a critical part of the future of music, making Ticketmaster a natural partner for iLike.com,“ said Ali Partovi, CEO of iLike.com. “Closing the gap between the online music experience and the real-world concert experience will benefit both consumers and artists. Having Ticketmaster as a strategic partner and investor in iLike.com aligns the world’s leading ticketing service with one of the fastest-growing social music discovery platforms in pursuit of this vision.“

“iLike does a fantastic job facilitating the discovery and introduction of new music,“ said Sean Moriarty, Ticketmaster President and COO, who joins the iLike.com Board of Directors. “iLike makes it easy for people to learn about music based on what they and their friends like, and we’re eager to introduce these features to Ticketmaster customers. With our investment in iLike.com we look forward to a series of integrations that will introduce live events and ticket-purchase opportunities within the iLike music discovery process."

Ticketmaster will take a 25% stake in iLike.com. Previous private investors in the Company include Khosla Ventures and Bob Pittman.

About iLike.com
iLike is a social music discovery service that lets consumers see what new music their friends are listening to and discover new music based on their tastes. The iLike Sidebar, designed to work with iPod and iTunes, recommends new music within iTunes, and an optional flash widget enables users to add a snapshot of their music tastes to MySpace or any blog. The company also operates indie music community GarageBand.com and personal broadcasting service Gcast.com. iLike.com’s mission is to redefine how music is discovered: by the people, for the people.

About Ticketmaster
Ticketmaster is the world's leading ticketing company, operating in 20 global markets, providing ticket sales and distribution through www.ticketmaster.com, one of the largest e-commerce sites on the Internet; approximately 6,500 retail outlets; 20 worldwide telephone call centers; and a broad online and offline marketing network. Celebrating its 30th anniversary in 2006, Ticketmaster 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 2005, the company sold 119 million tickets valued at $6 billion on behalf of its clients. Ticketmaster is headquartered in West Hollywood, California and is an operating business of IAC/InterActiveCorp (NASDAQ: IACI).