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Article: Ticketmaster: AEG may cancel if merger succeeds
- Article from:
- AP Online
- Article date:
- February 26, 2009
- Author:
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Ticketmaster's chief executive sought Thursday to allay antitrust fears over the ticket seller's planned merger with concert promoter Live Nation by revealing that a major venue operator has threatened to cancel its contract if the merger goes through.
The revelation, made before a House subcommittee examining the proposed merger for antitrust concerns, was meant to suggest the combination might somewhat weaken Ticketmaster Entertainment Inc.'s grip on ticket contracts with a majority of top U.S. venues.
Ticketmaster CEO Irving Azoff said his company received a warning from AEG Live, the owner of 130 venues including the Staples Center in Los Angeles, that it may cancel ...