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Jan 25, 2023 · Live Nation Entertainment is composed of Live Nation, an events promoter and venue operator, and Ticketmaster, a ticket sales giant. The two companies merged in 2010 and now control an estimated ...
Jan 26, 2010 · Under the merger terms, Ticketmaster shareholders would receive 1.384 shares of Live Nation common stock for each share of Ticketmaster. Live Nation would own 49.99 percent of the combined company ...
The companies will be combined in a tax-free, all-stock merger of equals with a combined enterprise value of approximately $2.5 billion. Under the agreement, Ticketmaster shareholders will receive 1.384 shares of Live Nation common stock for each share of Ticketmaster they own, subject to certain adjustments defined within the agreement. Live Nation and Ticketmaster shareholders […]
- Introduction
- Background
- Competitive Effects: Horizontal Effects in Ticket Sales Distribution
- Endnotes
Mr. Chairman, Ranking Member Hatch, and other distinguished members of the Senate Judiciary Committee, I want to thank you for giving me the opportunity today to speak about the severe competitive problems that may arise from Ticketmaster’s proposed acquisition of Live Nation.1As detailed in my testimony, this merger of dominant firms raises seriou...
Ticketmaster Entertainment consists of Ticketmaster and Front Line Management Group. Ticketmaster operates in 20 global markets, providing ticket sales, ticket resale services, marketing, and distribution through www.ticketmaster.com, one of the largest e-commerce sites on the Internet; approximately 6,700 retail outlets; and 19 worldwide call cent...
The most straightforward competitive effects are in the market for initial ticket distribution for large venues. This market has been dominated by Ticketmaster ever since its acquisition of Ticketron in the early 1990s. Up until the recent entry of Live Nation there were only two competitors in this market, Ticketmaster and Tickets.com. Some indust...
1.I am testifying today as a Senior Fellow at the Center for American Progress Action Fund. I am also testifying on behalf of the Consumer Federation of America, or CFA. CFA is the nation’s largest consumer advocacy group, composed of over 280 state and local affiliates representing consumer, senior citizen, low-income, labor, farm, public power, a...
Jan 24, 2023 · The Live Nation-Ticketmaster tie-up that took place in 2010 is what is called a vertical merger, meaning a combination of companies operating at different levels of production.
Jan 30, 2024 · In 2010, Live Nation, one of the nation’s leading ticket sellers and concert promotors, merged with Ticketmaster, the nation’s leading ticketing company, to form an entertainment colossus that handles ticket services, artist management, concert promotion, and venue ownership.
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Jan 24, 2023 · Live Nation came under fierce questioning from lawmakers and competitors at a Senate Judiciary Committee hearing on Tuesday that explored whether the company’s 2010 merger with Ticketmaster ...
