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Article: UK agency opposes Ticketmaster-Live Nation merger
- Article from:
- AP Online
- Article date:
- October 8, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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The U.K. Competition Commission on Thursday provisionally ruled against the proposed merger of live-entertainment companies Ticketmaster Entertainment Inc. and Live Nation Inc., saying it would stifle a prospective competitor from Germany.
The Competition Commission said the merger of the two California-based companies "could severely inhibit the entry of a major new competitor, CTS Eventim, into the U.K. ticketing market."
Before the merger plan was announced, CTS had agreed to provide ticketing services for Live Nation's music events in Britain.
The commission said if the merger were to proceed, Live Nation would have the incentive to impede CTS' entry into ...