August 30, 2014
LOS ANGELES (AP) - Two of the biggest forces in the entertainment business are joining up.
Concert promoter Live Nation Inc. and ticketing giant Ticketmaster Entertainment Inc. said Tuesday morning 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 U.S., according to 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.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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