What We're Reading:

G&B: Apologies to Sting

It's been a blast, folks. The Worlds Most Popular Podcast is signing off. Truth to be told, there's not enough hours in the day for ...

Tuesday, February 10, 2009

live nation, ticketmaster team up



From CrainsNewYork

Two of the biggest forces in the entertainment business have agreed to team up.

As expected, the concert promoter Live Nation and the ticketing giant Ticketmaster Entertainment said Tuesday that they plan an all-stock merger of equals.

The combined company will be called Live Nation Entertainment.

Regulatory experts have said the deal could get delayed by an antitrust review.

Ticketmaster sells tickets for more than 80 percent of the major arenas and stadiums in the United States, according to the concert tracking firm Pollstar.

Live Nation is the world’s No. 1 concert promoter and owns more than 140 venues. It has comprehensive deals to the tours of such artists as Madonna, Jay-Z, U2, Nickelback and Shakira, and recently developed its own ticketing service.