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Live Nation + Ticketmaster = Live Nation Entertainment

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  • Live Nation + Ticketmaster = Live Nation Entertainment

    Posted: Tue., Feb. 10, 2009, 9:11am PT

    Live Nation, Ticketmaster merge

    New unit to be called Live Nation Entertainment

    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.

    Under the deal, approved by both companies' boards, Ticketmaster shareholders will receive 1.384 shares of Live Nation stock for each share of Ticketmaster they hold. The companies estimated the value of the combined business at about $2.5 billion and said the deal will help them save about $40 million annually.

    "Being able to put Live Nation and Ticketmaster into an equal partnership will allow the companies to get through this difficult period and be able to expand live entertainment options to audiences throughout the world," Ticketmaster Chairman Barry Diller said in a statement.

    But regulatory experts have said the deal could be delayed by an antitrust review because of the companies' dominant role in the entertainment business.

    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.

    The ticketing-service move brought the companies closer to an all-out scramble for ticketing deals. A merger heads that off, but experts say snuffing out that competition could draw close scrutiny from regulators wary of the company building a concert industry monopoly.
    Live Nation, Ticketmaster merge - Entertainment News, Music News, Media - Variety
    "If you don't know how to draw, you don't belong in this building" - John Lasseter 2006

  • #2
    Re: Live Nation + Ticketmaster = Live Nation Entertainment

    Talk about a Monopoly.

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    • #3
      Re: Live Nation + Ticketmaster = Live Nation Entertainment

      I thought Live Nation was supposed to be its own thing!


      Ugh, i don't like this. I bought concert tickets last week and the only FREE option was to have the tickets at will-call. Printing them at home had a fee. Printing them at a ticket master location had a $1 fee!! Seriously??? And the cheapest method to ship was $15.


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      • #4
        Re: Live Nation + Ticketmaster = Live Nation Entertainment

        Absolutely.

        Parker Brothers probably would've sued over Monopoly Entertainment though.
        "If you don't know how to draw, you don't belong in this building" - John Lasseter 2006

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        • #5
          Re: Live Nation + Ticketmaster = Live Nation Entertainment

          Yeah, I don't understand the fee for printing them at home. It's ridiculous.

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          • #6
            Re: Live Nation + Ticketmaster = Live Nation Entertainment

            Ticketmaster's "Tickets Now" is getting big news these days. It is basically an exchange service. You decide you don't want the tickets you bought? Simply return them to Tickets Now, and they'll sell them to someone else, at market value
            So, what is to prevent Ticketmaster from simply withholding tickets from the ticketmaster site and simply selling them on Tickets Now?

            I may never go to a concert again. I've been to plenty, so it won't be a burden. More like a relief, if getting the tickets is going to be such a hassle.

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            • #7
              Re: Live Nation + Ticketmaster = Live Nation Entertainment

              Ticketmaster is so horrible.
              This is such bad news.

              Justice Dept. to probe Ticketmaster deal
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              • #8
                Re: Live Nation + Ticketmaster = Live Nation Entertainment

                Thanks for that article. It's really really annoying. Especially with a new U2 album coming out next month, they're for sure gonna tour soon after.


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