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Ticketmaster Lead Counsel on Live Nation Merger Issues
The proposed merger between Ticketmaster Entertainment Inc. and Live Nation Inc., the world's largest concert promoter, won Justice Department approval in January 2010, following a year of negotiations. The deal was the first negotiated under the Obama administration, which has pledged to impose more stringent antitrust review of corporate mergers.
For consumer groups, independent concert promoters and some performing artists, the combination of West Hollywood-based Ticketmaster and Beverly Hills-based Live Nation represents a threat to competition in ticket sales. The settlement between the companies, the Department of Justice and the attorneys general of 17 states, awaits review by a federal judge. The Canadian Competition Bureau also participated.
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