Ticketmaster Entertainment and event promoter Live Nation confirmed yesterday that they plan to combine their acts in a so-called merger of equals.
The combination of North America’s biggest ticket distributor and biggest venue operator would operate under the name Live Nation Entertainment.
The arrangement between the two Los Angeles-based companies is likely to face intense scrutiny from U.S. antitrust authorities — especially because Live Nation recently developed its own ticketing service working in competition against Ticketmaster.
Ticketmaster sells tickets on behalf of more than 80 per cent of the major arenas and stadiums in the United States.
