Watchers Watch



Homepage
Add to Google
RSS Feed

Posts with tag: merger-live-nation-ticketmaste | Return to WatchersWatch.com Homepage

Live Nation-Ticket Master Merger Moving Forward

The Department has tentatively approved the merger between Live Nation and Ticketmaster, providing certain conditions are met. The conditions are part of a settlement of an antitrust suit which was filed to stop the merger.
Assistant Attorney General Christine Varney said Ticketmaster must license its ticketing software to its major competitor Anschutz Entertainment Group, and must sell off its ticketing subsidiary Paciolan to within 60 days to Comcast Spectacor, which has already signed a letter of intent to purchase the unit, or to another suitable buyer.

The merged entity would also have to submit to a 10-year court order barring it from retaliating against venues that sign pacts with competing ticketing firms.

Varney said, "The Department of Justice's proposed remedy promotes robust competition for primary ticketing services and preserves incentives for competitors to innovate and discount, which will benefit consumers."
After the deal is approved by the court, the merger will create the largest entity of its kind in the U.S. music business, from ticketing to venues. Many people think that's a very bad idea, hence the antitrust suit.

Posted on January 25, 2010
Permalink | Subscribe | | | Comments (View) |



The Writers Write
Blog Network
Bloggers Blog
Crafters Craft
Drivers Drive
Editorial Dead Zone
Gamers Game
Health News Blog
HowToWeb.com
The IWJ Blog
Lovers Love
Media Cynic
Pleasant Morning Buzz
Readers Read
Science News Blog
Shopping Blog
Singers Sing
Surfers Surf
Traders Trade
Video Nacho
Watchers Watch
Workers Work
The Write News
Writer's Blog







www.watcherswatch.com

Copyright © 2005-2010 by Writers Write, Inc. All Rights Reserved.