Ticketmaster, Live Nation Settlement

Pennsylvania and several other states have reached an antitrust settlement regarding the merger of Ticketmaster and Live Nation.

Attorney General Tom Corbett says the goal of the agreement is to maintain competition in the ticket marketplace.

Corbett noted that Ticketmaster is the largest primary ticketing company in the United States, while Live Nation is the largest concert promoter in the country. The February 2009 merger proposal involving the two companies triggered a review by the Attorney General's Antitrust Section to evaluate the impact on ticket pricing, availability, competition and other related concerns.

Corbett said the antitrust settlement will require Ticketmaster to sell or license its ticket-selling programs in order to enable two new, independent and economically viable competitors to enter the market for ticket sales at major concert venues across the United States.

http://attorneygeneral.gov/press.aspx?id=5018

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