Feb 09 2009
Ticketmaster and Live Nation to Mergre
Antitrust woes for Ticketmaster, Live Nation?
Many fear a merger would create a monopoly in the concert business
Associated Press
LOS ANGELES – A proposed merger of concert promoter Live Nation Inc. and ticketing giant Ticketmaster Entertainment Inc. is expected to be announced within days, but antitrust concerns could delay its completion.
The deal would match the world’s dominant ticket seller, Ticketmaster, with Live Nation, which was once its biggest client. Live Nation is the world’s No. 1 concert promoter, owns 140-plus venues and has multiyear comprehensive rights deals covering the tours of Madonna, Jay-Z, U2, Nickelback and Shakira.
