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| Live Nation Ticketmaster Merger Cleared in UK |
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The commission first signed it off in December after resolving competition concerns in the British market. But in February, the case was reopened following complaints from competitor CTS Eventim that it wasn’t consulted during the process. The Competition Commission commented on their approval today saying it “...would not result in a substantial lessening of competition in the market for live music ticket retailing.” “We have reconfirmed our original decision that the merger will not have a significant effect on the success or otherwise of Eventim,” Competition Commission Deputy Chairman Christopher Clarke said in the statement. Live Nation Entertainment won U.S. antitrust approval in January. The combined company has a presence in almost every segment of live entertainment, including concert promotion, venue operation, ticket sales and artist management. 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... 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... Live Nation, Ticketmaster profits take a hit due to Proposed Merger
Live Nation and Ticketmaster
Entertainment Inc. both stated that their earnings were hurt by
costs related to the proposed deal, which is expected to continue into 2010 as
regulators examine antitrust issues.
Comcast Jumps into Ticketmaster Live Nation Merger Fray According to recent reports from Bloomberg, Comcast is looking to help ease the Ticketmaster Live Nation merger by massaging and lobbying for the marriage. Comcast is the largest U.S. cable operator and controls an
arena-management as well as a ticketing company.
Promoter Louis Messina raises new concerns about Ticketmaster and possible scalping activities Allegations have been swirling for months about Ticketmaster's potential scalping of their own concert tickets. Louis Messina, Nashville area promoter and president of TMG/AEG live, is the latest to add his voice to the growing chorus of concern.
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Live Nation Entertainment, now the largest global concert promoter and ticketing company, after a merger with Ticketmaster and Live Nation Inc., received the nod today from the U.K. antitrust authorities following a second court-ordered review.