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Live Nation acquires French ticketing agency

By | Published on Wednesday 10 November 2010

Live Nation may be struggling a little on its home turf as the American live sector slumps, but it is still a very acquisitive company. Yesterday it announced the acquisition of Ticketnet, the second largest ticket seller in France, which also operates in Belgium and Luxembourg.

Confirming the deal, Live Nation tip top man Michael Rapino told CMU: “This is a significant acquisition that will allow Live Nation to strengthen and expand its presence in a four billion euro ticketing market that has been growing 5% annually. Ticketnet will accelerate our development in the fifth largest music market in the world, and the combination of our existing concert business and Ticketnet will enable us to provide an enhanced service to the clients of both businesses”.

Ticketnet MD François Thominet, who will continue to head up the company, added: “We are excited about the opportunity to see Ticketnet continue to grow in the French marketplace while taking full advantage of all the resources and experience that Live Nation has to offer. The Ticketnet team believes in the Live Nation strategy and is enthusiastic about the next phase of Ticketnet’s development”.



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