This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business News Live Business Top Stories
LiveMaster deal approved again
By CMU Editorial | Published on Friday 7 May 2010
As expected, the UK Competition Commission has published its second verdict on the Live Nation/Ticketmaster merger and, as also expected, they have given it the all clear again.
As you’ll remember, the UK’s competition regulator originally approved the merger of the tour promoting venue owner and artist managing ticketing giant late last year, but were forced to re-review the deal after an appeal was launched by German ticketing group CTS Eventim. They had just entered into a lucrative ticketing deal with Live Nation and were pissed off that that partnership now had a limited lifespan given the tour promoter was now joined up with their main ticketing rival.
But the Commission has reached the same conclusion second time round, that the merger of Live Nation and Ticketmaster will not result in any lessening of competition in the live music or entertainment ticketing space. So there you have it.
Given the two companies have already merged, following the deal getting approval from the US competition regulator, the UK Commission’s new ruling on the matter is certainly the simpler result.
