What does this mean for Gigbot users and music fans? Well, if Ticketfly is successful in challenging Ticketmaster, it could lead to lower ticket prices and fees. Considering the lack of success other potential competitors have had in this endeavor, it's not likely, but we can hope.
The plan is to integrate "best of Gigbot's technology" into Ticketfly, which sort of sounds like they might be gutting Gigbot eventually and using its pieces to build a better, faster, stronger Ticketfly. Worst case scenario is something like the Apple/Lala scenario, where they shut it down with vague promises of integrating the functionality "sometime" int he future. With luck, having Gigbot mainman Porter on board will ensure that the Gigbot experience, which is pretty nifty, doesn't get watered down or mangled into something unrecognizable.
In case you really enjoy corporate PR speak and bullet-pointed feature lists, you can read the entire news release here.