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| Ticketmaster and Live Nation Stockholders Approve Merger with Live Nation at Annual Meeting Last Friday, January Eighth |
 Friday, music events promoter Live Nation and Ticketmaster announced that their stockholders overwhelmingly voted in favor of the companys' merger agreement. Live Nation said more than 99% of the shares voted were cast in favor of the merger and the proposal to change the company's name to Live Nation Entertainment upon completion of the merger. Meanwhile, Ticketmaster Entertainment shareholders also voted overwhelmingly with more than 98% of shares voted in favor of the merger and other proposals, including the re-election of all 11 members of the Board of Directors. In February 2009, the companies announced a combination in a tax-free, all-stock merger with a combined enterprise value of approximately $2.5 billion. Under the agreement, Ticketmaster shareholders will receive 1.384 shares of Live Nation common stock for each share of Ticketmaster. Live Nation and Ticketmaster shareholders will each own a 50% stake in the new company. The new company is anticipated to generate approximately $40 million of operating synergies through the combination of their ticketing, marketing, data centers and back-office functions. Related Articles: Block this music monopoly - TM/LN merger will hurt concert consumers. by David Balto (originally published at Philly.com)
Nine months after Ticketmaster announced its proposed merger with Live Nation, the Justice Department's antitrust investigation seems to be entering the ninth inning, and the bases are loaded. Numerous consumer groups and 50 members of... Hundreds of ticketing professionals attend 2nd annual Ticket Summit in New York City by Alfred Branch Jr.
An estimated 500 ticket brokers and other ticketing professional descended on the Waldorf=Astoria for Ticket Summit this week, where the attendees networked with their cohorts and learned what the future holds for the secondary ticket market.
AEG Partnership with Eventim? With their partnership with Ticketmaster about to expire, Anschutz Entertainment Group (AEG), owner of Staples Center in Los Angeles and London’s O2 arena, as well as being Ticketmaster's largest client, is said to be exploring a potential relationship with European leader CTS Eventim AG - the... Holiday on Ice Announces Collaboration With Barry Manilow Pop culture icon and legendary showman Barry Manilow and
Holiday on Ice today announced a major new collaboration. The world leader in
family ice shows will showcase a selection of Manilow's most popular songs -
naturally including no 1 hits Mandy and Copacabana - in the new show
TROPICANA.
Live Nation Unloads U.K. Theatre Division for Approximately U.S. $160 Million Live Nation
, the world's largest live music company, recently announced that it has
closed the sale of its remaining U.K. theatrical venues and operations
to The Ambassador Theatre Group, an owner and operator of regional
theatres in the United Kingdom. In addition, on October 23, 2009,... Live Nation Reports Strong Third Quarter Results Live Nation (NYSE: LYV) released financial results for the three months ended September 30, 2009 today.
“We generated robust organic growth from our operations during the third quarter as we focused on executing our fundamentals with excellence during the peak concert season,” said...
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