DOJ Approves Ticketmaster and Live Nation Merger, With Conditions

The Department of Justice announced Monday the approval of a merger of Ticketmaster Entertainment and Live Nation, reports The New York Times. The joining together of the ticket-selling behemoth and the world’s largest concert promoter will result in a new company, Live Nation Entertainment, which will control aspects of booking, promotion, primary and secondary ticket sales, merchandising, direct marketing, and other artist and venue relationships. The new company is likely to dominate the live entertainment market and have other implications for the music industry as well (Live Nation also acts as a record label for musicians like U2 and Madonna, and owns and operates more than 100 theaters worldwide).

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