Tags: US | Live | Nation | Ticketmaster | Merger

Big Conditions Slapped on Live Nation, Ticketmaster

Monday, 25 Jan 2010 02:38 PM

The Department of Justice has imposed major concessions upon Live Nation and Ticketmaster in approving the companies' merger.

Included in the settlement is a requirement that Ticketmaster Entertainment Inc. license its ticketing software to competitor AEG and sell its subsidiary Paciolan to Comcast Spectacor.

The merged entity would also be under a 10-year court order prohibiting it from retaliating against venues that choose to sign ticket-selling contracts with competitors.

Assistant Attorney General Christine Varney announced the merger conditions on Monday.

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The Department of Justice has imposed major concessions upon Live Nation and Ticketmaster in approving the companies' merger.Included in the settlement is a requirement that Ticketmaster Entertainment Inc. license its ticketing software to competitor AEG and sell its...
US,Live,Nation,Ticketmaster,Merger
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2010-38-25
Monday, 25 Jan 2010 02:38 PM
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